1812-1824 E 1st St Local commercial 825 m² 78 % Loué À vendre Los Angeles, CA 90033 2 072 920 € (2 512,13 €/m²)

Douglas Elliman Commercial is proud to present a rare investment opportunity in the heart of Los Angeles’ 90033 ZIP code:
A nine (9) unit mixed-use property—featuring six (6) commercial retail opportunities and three (3) residential units—offering significant value-add upside.
Ideally positioned directly across from Mariachi Plaza and just steps from iconic Boyle Avenue, this property sits at the center of a vibrant, culturally rich Angeleno community with strong foot traffic, excellent ingress/egress, and unmatched freeway accessibility.
The property has been privately owned for nearly a decade, originally acquired with the intent to redevelop. The current sale is prompted by strategic portfolio realignment and a shift in focus toward single-tenant ownership. This transition opens the door for a new investor to unlock meaningful upside through operational optimization and thoughtful repositioning.
All rents are currently below market, with tenants on short-term leases or month-to-month agreements. There are presently two (2) commercial vacancies of approximately 1,400± SF each, representing immediate revenue opportunities.
Please Note: The current property management company has been unresponsive in providing documentation to support the sale. Buyers are advised to have patience during the due diligence process - as the Seller has assured that all necessary and accurate materials will be made available. Public Records say the Year Built is 1885 and is believed to be a typo.
This offering is ideally suited for an experienced investor who can recognize the intrinsic potential of this asset. With proper management, cosmetic enhancements, and market-rate leasing, this property presents a clear path to maximizing cash flow and unlocking long-term value in one of Los Angeles’ most resilient and desirable submarkets.