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Investment Highlights

  • Built in 1921 and partially renovated in 1953, maintaining a single-story layout with multiple tenant spaces.
  • Positioned in a walkable neighborhood with proximity to schools, parks, restaurants, and public transit options.
  • Located near Cal State LA and East Los Angeles College, with easy access to major freeways including I-710, I-60, and I-5.
  • Zoned LCC3, allowing for a combination of retail and residential uses, providing flexibility for investors or owner-users.

Executive Summary

Rare corner lot commercial/residential property close to Cal State LA and East Los Angeles College. This property consists of 3 buildings. Total of 6 units. 5 units Retail/Office (3840, 3842, 3844, 109, 109A) and 1 unit residential 2B+1B (111). 3,121 SF building size situated on 9,232 SF lot. Conveniently located to schools, parks, post office, restaurants, supermarkets, coffee shops etc. Easy access to 710 FWY, 60 FWY and 5 FWY.
DOWNLOAD MARKETING PDF via Link: https://www.donaldlarealty.com/commercial/properties/3842-e-1st-street-los-angeles-ca-90063/

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,121 SF
Building Class
C
Year Built/Renovated
1921/1953
Price
$1,882,575 CAD
Price Per SF
$603.20 CAD
Cap Rate
5.20%
NOI
$97,894 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.21 AC
Zoning
LCC3 - Store & Residential Combination
Parking
6 Spaces (1.92 Spaces per 1,000 SF Leased)
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100

Nearby Major Retailers

Starbucks
Superior Grocers
Bank of America
Citi
King Taco
Vallarta Supermarkets

Property Taxes

Property Taxes

Parcel Number
5233-017-034
Land Assessment
$268,465 CAD
Improvements Assessment
$255,043 CAD
Total Assessment
$523,508 CAD
  • Listing ID: 39432748

  • Date on Market: 2026-02-13

  • Last Updated:

  • Address: 3842 E 1st St, Los Angeles, CA 90063

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