3333 Division St, Los Angeles, CA for sale

Investment Overview

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

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