Listed by Kim Real Estate, Inc
$3,300,000
1526 E 1st Street
Details
APN 5172004022
Property Type Retail, Mixed Use
Sub Type Commercial
Square Footage 6,265
Units 12
NOI $206,030
Price per SqFt $527
Year Built 1912
Buildings 1
Stories 2
Lot Size (SqFt) 6,599
Zoning LAM1
Investment Type Owner/User
Sale Condition 1031 exchange
Retail | 6,265 SqFt
Marketing description
Welcome to a rare investment opportunity in a high-visibility location on desirable 1st Street—this expansive, mixed-use property is the ultimate canvas for your next business venture or portfolio addition. Boasting four street-level commercial units, the flexible layout is ideal for a variety of uses—from a stylish barber shop or wellness spa to professional office spaces. Above the commercial suites, the property features (2) spacious one-bedroom, one-bath apartments and (6) well-appointed studio units—perfect for generating consistent rental income, housing a live-in caretaker, or even occupying one as an owner-user. The possibilities are endless! The gated rear parking lot with a large rolling gate offers convenience, privacy, and added security—an invaluable amenity for tenants and business patrons alike. Whether you're a seasoned investor looking to capitalize on strong cash flow and future appreciation, or a new buyer stepping into the multifamily market, this one-of-a-kind property checks all the boxes. Opportunities like this are few and far between—don’t miss your chance to own a high-yield asset in a prime location!
Investment highlights
- Operating Expense: $44,098
- Gross Income: $206,030
- Gross Scheduled Income: $250,128
Listing Contacts
Listed by Kim Real Estate, Inc
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$206,030.00
$17,169.17/mo
Valuation Metrics
0
DSCR
6.24%
Cap Rate
6.24%
ROI
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