3333 Division St
$899,000
3333 Division St, Los Angeles, CA 90065
3,400 sqft
Building Size
0.0821 acres
Lot Area
Details:
Highlights:
- Price Reduced to $899,000
- 5 Units Total (2 Retail + 3 Residential)
- ~60% Occupied
- Immediate LeaseUp Opportunity
- Underperforming Asset with Below Market Rents
- Retail Rent Upside (~$1,100 → ~$1,500/month)
- Residential Upside Through Turnover and Rent Growth
- Diversified Income Stream (Retail + Residential)- Strong Street Visibility and Foot
- Traffic- Infill Los Angeles Location with
- Consistent Tenant Demand- Projected ~8%+ Stabilized Cap Rate
Description:
Vacancy and below-market rents position the asset for immediate
income growth through lease-up and rent increases to market.
The property is currently approximately 60% occupied, with vacancy in both retail
and residential units contributing to below-market in-place income.
The financials presented reflect a stabilized (pro forma) scenario, assuming lease-up
of vacant units and normalization of rents to market levels.
A new owner has the opportunity to increase income through lease-up and rent
growth, capturing the spread between current performance and stabilized
operations
Situated in a dense, infill Los Angeles submarket, the property benefits from strong
residential demand and consistent neighborhood retail traffic.
The immediate area is supported by surrounding housing, local businesses, and
commuter access, driving demand for both residential units and street-front retail.
Proximity to major transportation corridors and nearby amenities further supports
tenant retention and long-term rent growth.
Location
Gallery
