3414 Fowler StLos Angeles, CA 90063

This exceptional mixed-use property, located at 3414 Fowler Street in Los Angeles, CA 90063, presents a compelling value-add opportunity. The 2,568 square foot building, constructed in 1941, sits on a 4,844 square foot corner lot and is zoned LCM1. It comprises a one-bedroom apartment and a convenience store, currently generating a NOI of $19,624, with a pro-forma NOI of $47,224, representing a significant 71% rental upside potential through interior renovations. The asking price is $699,000, yielding a current cap rate of 2.81% and a pro-forma cap rate of 6.76%. The property benefits from its location in a rapidly developing area of East Los Angeles, close to Downtown LA, East Los Angeles College, and major medical facilities, providing strong employment drivers and convenient access to amenities. This infill location, within a dense, up-and-coming neighborhood, offers long-term growth potential. The property has been family-owned for over 20 years and has not been previously on the market during that time. The potential for adding Accessory Dwelling Units (ADUs) further enhances the property's future appreciation potential. This is a rare opportunity to acquire a generational asset in a prime East Los Angeles location with substantial value-add potential. Buyer to verify ADU feasibility.