90061 Homes with Mixed Use Subtype

Welcome to zip code 90061, located in the vibrant city of Los Angeles, California. This area is part of Los Angeles County, known for its diverse communities and thriving real estate market.

One unique aspect of zip code 90061 is the presence of homes with a mixed-use subtype. True to its name, these properties offer a combination of residential and commercial spaces, providing residents with the convenience of living and working in the same building. This versatile setup is ideal for entrepreneurs, small business owners, or those looking to embrace a live-work lifestyle.

With a mixed-use property, you can enjoy the benefits of a comfortable home while having the opportunity to run a business or lease out commercial space. Imagine waking up in the morning and simply walking downstairs to your office or shop. This type of setup can save you time and money on commuting, allowing you to focus on your career or business ventures.

In zip code 90061, you'll find a range of mixed-use properties to suit different needs and preferences. Whether you're looking for a cozy apartment above a bustling retail space or a spacious loft with a dedicated office area, there's something for everyone.

If you're considering a unique real estate opportunity that combines the best of residential and commercial spaces, explore the homes with a mixed-use subtype in zip code 90061. Embrace the convenience and flexibility that these properties offer, and make the most of your living and working experience in the heart of Los Angeles.

Newest 90061 Homes with Mixed Use Subtype

$3,200,000

MB26114365 MLS ⋅ Active Status

11310 S Olive St built in 2016 with a total of 14 units, described as follows, Three retail spaces, One unit of one bedroom/one bathroom, three units of three bedrooms/two bathrooms, five units of four bedrooms/two bathrooms and two units of 2 bedrooms/one bathroom (New ADU's ready for new owner to be rented) Excellent operating income and great opportunity to add units to current portfolio or to start investing. Please call Agent for more specific details. Please don't disturb tenants. (property includes two brand new ADU's)

11310 S Olive, Los Angeles

$985,000

PW26079160 MLS ⋅ Active Status

239 W 113th Street is a six-unit operator deal with day-one cash flow and visible rent upside. At the asking price of $985,000, the property is offered at $164,167 per unit and underwrites to a 6.56% current cap rate and 8.61 current GRM based on the offering financials. The deal works because the in-place income is there on day one. Scheduled gross income is $114,384, and the asset is separately metered for gas and electricity, which helps contain utility exposure. The upside is real, but it is execution-based. Current average rent is $1,589 per unit versus underwritten market rent of $1,925, with one unit at $1,000 creating a large portion of the rent gap. This is not a heavy repositioning deal. It is a cash-flowing six-unit with selective rent reset potential over time. For South LA small-balance buyers, the deal offers day-one income, separate utility metering, excess parking, and rent upside tied to turnover rather than heavy repositioning.

239 W 113th, Los Angeles

Start Your Search

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.