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1526 E 1st Street, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath

1526 E 1st Street, Los Angeles, California 90033 home-pic-0
ACTIVE$3,300,000
1526 E 1st Street, Los Angeles, California 90033
0Bed
0Bath
6,265Sqft
6,599Lot
Year Built
1912
Close
-
List price
$3.3M
Original List price
$3.3M
Price/Sqft
$527
HOA
-
Days on market
-
Sold On
-
MLS number
PW25144455
Home ConditionGood
Features
Good View: Neighborhood
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $3.30M(50th), sqft - 6265(50th), beds - undefined(50th), baths - undefined(50th).

Welcome to a rare investment opportunity in a high-visibility location on desirable 1st Street—this expansive, mixed-use property is the ultimate canvas for your next business venture or portfolio addition. Boasting four street-level commercial units, the flexible layout is ideal for a variety of uses—from a stylish barber shop or wellness spa to professional office spaces. Above the commercial suites, the property features (2) spacious one-bedroom, one-bath apartments and (6) well-appointed studio units—perfect for generating consistent rental income, housing a live-in caretaker, or even occupying one as an owner-user. The possibilities are endless! The gated rear parking lot with a large rolling gate offers convenience, privacy, and added security—an invaluable amenity for tenants and business patrons alike. Whether you're a seasoned investor looking to capitalize on strong cash flow and future appreciation, or a new buyer stepping into the multifamily market, this one-of-a-kind property checks all the boxes. Opportunities like this are few and far between—don’t miss your chance to own a high-yield asset in a prime location!

Price History

Date
Event
Price
07/02/25
Listing
$3,300,000
12/10/21
Sold
$1,755,000
Condition Rating
Good
Despite being built in 1912, the residential units appear to have undergone significant and relatively recent renovations, likely within the last 5-15 years. The kitchens feature modern white shaker-style cabinets, updated countertops, and a mix of newer stainless steel and white appliances. Flooring throughout the units is modern laminate wood-look, and walls are freshly painted. The presence of mini-split AC units and in-unit stackable laundry indicates substantial system upgrades. While the overall building is old and may have underlying infrastructure considerations not visible, the individual residential units are move-in ready with contemporary finishes and functional systems, aligning with a 'Good' condition score for the living spaces.
Pros & Cons

Pros

Diversified Income Streams: The property offers robust income potential with four street-level commercial units and eight residential units (2 one-bedroom, 6 studio), providing multiple, stable revenue sources.
Prime Urban Location: Strategically situated on high-visibility 1st Street in Los Angeles, ensuring excellent exposure for commercial tenants and high demand for residential occupants.
Strong Investment Potential: Marketed as a 'rare investment opportunity' with prospects for 'strong cash flow and future appreciation' in a dynamic and desirable urban market.
Valuable Gated Parking: Includes a secure, gated rear parking lot with a large rolling gate, a significant amenity in an urban environment, enhancing convenience and safety for tenants and customers.
Flexible Commercial Spaces: The street-level commercial units feature a flexible layout, accommodating a wide range of business types and increasing market adaptability and tenant appeal.

Cons

Historic Property Age: Built in 1912, the property is over a century old, which may necessitate significant capital expenditures for system upgrades, deferred maintenance, or compliance with modern building codes.
Aggressive Price Appreciation: The current list price of $3.3M reflects a substantial increase from its last sale price of $1.755M in December 2021, potentially indicating an ambitious valuation or limited immediate equity upside.
High Operational Complexity: Managing a mixed-use property with multiple commercial and residential tenants, particularly an older structure, can involve significant operational complexities and higher ongoing maintenance and management costs.

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