Listed by Sperry Commercial - Gateway Group
$899,000
3333 Division St
Details
Property Type Retail
Sub Type Commercial
Square Footage 3,400
Units 5
Occupancy 60%
Year Built 1924
Retail | 3,400 SqFt
Marketing 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.
Investment 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
Listing Contacts
Listed by Sperry Commercial - Gateway Group
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