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3301 Division St 5,051 SF 100% Leased Retail Building Los Angeles, CA 90065 $4,534,400 CAD ($897.72 CAD/SF) 4.05% Cap Rate



INVESTMENT HIGHLIGHTS
- Prime corner lot in Northeast LA with excellent visibility at Division St & Glassen Pl
- Zoned LAC1 with strong in-place income and 30%+ projected rental upside
- Located in a rapidly growing area near Cypress Ave and San Fernando Rd with flexible zoning and long-term value
- Mixed-use property with retail, office, apartments, and detached bungalows on a 10,475 SF lot
- Development potential with preliminary studies exploring residential, live/work, and affordable housing options
EXECUTIVE SUMMARY
Set on a high-visibility corner in the heart of Northeast Los Angeles, 3301 Division Street offers a rare and compelling mixed-use investment opportunity at the intersection of Division Street and Glassen Place. Spanning approximately 10,475 square feet of land, the property features 7,630 square feet of existing improvements and a diverse unit mix, including retail storefronts, office space, residential apartments and free-standing residential bungalows. Zoned LAC1 and located within the Mount Washington Glassell Park Specific Plan, this property offers both strong in-place income and significant development upside. Currently generating $13,669 per month, with projected pro forma rents indicating more than 30% rental growth, the site is ideal for investors or developers seeking long-term value in a rapidly appreciating market. Preliminary architectural studies envision several development scenarios ranging from new residential over parking to live/work layouts and affordable housing components that could unlock increased density and reduced parking requirements. With excellent street presence, flexible zoning, and close proximity to the emerging corridors along Cypress Avenue and San Fernando Road, 3301 Division Street is a standout opportunity in one of LA's most dynamic, high-growth neighborhoods.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,051 SF
Building Class
C
Year Built
1926
Price
$4,534,400 CAD
Price Per SF
$897.72 CAD
Cap Rate
4.05%
NOI
$183,647 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.48
Lot Size
0.24 AC
Zoning
LAC1 - Limited Commercial Local Retail Stores 100,000 sq-ft, Offices or Businesses, Hotels, Hospitals and/or Clinics, Parking Areas, CR Uses except for
Frontage
118’ on Division Street
AMENITIES
- Corner Lot
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5456-017-001 | Improvements Assessment | $170,505 CAD (2025) |
| Land Assessment | $61,875 CAD (2025) | Total Assessment | $232,380 CAD (2025) |
PROPERTY TAXES
Parcel Number
5456-017-001
Land Assessment
$61,875 CAD (2025)
Improvements Assessment
$170,505 CAD (2025)
Total Assessment
$232,380 CAD (2025)
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3301 Division St
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