Excellent opportunity to own a well-established mixed-use property LCR4YY zone, in a high-visibility corner location within a strong residential neighborhood. The property features a successful, long-standing convenience market with a small meat counter and active alcohol license. Sale includes all business assets, licensing, equipment, and inventory, making it a true turnkey opportunity. The building offers multiple income streams, including two 1-bedroom, 1-bath units. The upstairs unit features a private balcony, while the second unit has been legally converted into a permitted ADU. All units are separately metered, with residential units currently on month-to-month terms, providing flexibility for an owner-user or investor. With steady foot traffic, strong street visibility, and additional upside potential, this property is ideal for a business owner looking to operate and own real estate, or an investor seeking a stable, income-producing asset.
For sale
Listed by: Real Brokerage Technologies • Aaron Arreola • Contact: 310-756-8262
$1,100,000
601 S Record Ave, Los Angeles, CA 90023
2beds
3baths
2,256sqft
:
Get pre-qualified$7,540/mo
Mixed Use
Built in 1915
-- sqft lot
$1,070,300 Zestimate®
$488/sqft
$-- HOA
What's special
Private balconyPermitted aduHigh-visibility corner location
- 101 days |
- 81 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Aaron Arreola DRE #01953659 310-756-8262,
Real Brokerage Technologies
Source: CRMLS,MLS#: PW26061188
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
Cooling
- Central Air
Appliances
- Laundry: Inside
Features
- Balcony
- Flooring: Laminate, Tile
- Has fireplace: Yes
- Fireplace features: Bath, Kitchen, Living Room
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,256
- Total interior livable area: 2,256 sqft
Property
Parking
- Total spaces: 4
- Parking features: RV Access/Parking, Shared Driveway, On Street
- Uncovered spaces: 4
Features
- Levels: One,Two,Multi/Split
- Stories: 1
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: Cross Fenced,Privacy,Split Rail
Lot
- Size: 3,766 Square Feet
- Features: Rectangular Lot
Details
- Parcel number: 5238016041
- Zoning: LCR4YY
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Community & HOA
Community
- Features: Street Lights, Suburban, Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $488/sqft
- Tax assessed value: $530,603
- Annual tax amount: $8,243
- Date on market: 3/20/2026
- Cumulative days on market: 101 days
- Listing terms: Cash,Cash to New Loan,1031 Exchange,FHA,Owner May Carry,Submit
Estimated market value
$1,070,300
$1.02M - $1.12M
$2,725/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/24/2026 | Listed for sale | $1,100,000$488/sqft |
Source:  CRMLS #PW26061188 Report a problem | ||
| 4/24/2026 | Listing removed | $1,100,000$488/sqft |
Source: CRMLS #PW26061188 Report a problem | ||
| 3/20/2026 | Listed for sale | $1,100,000+331.4%$488/sqft |
Source: CRMLS #PW26061188 Report a problem | ||
| 3/1/2017 | Sold | $255,000+70%$113/sqft |
Source: Public Record Report a problem | ||
| 10/13/2004 | Sold | $150,000+7.1%$66/sqft |
Source: Public Record Report a problem | ||
| 3/11/2003 | Sold | $140,000$62/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,243 +3.3% | $530,603 +2% |
| 2024 | $7,978 +3.1% | $520,200 +2% |
| 2023 | $7,740 +4.2% | $510,000 +42.6% |
| 2022 | $7,428 +30.2% | $357,618 +2% |
| 2021 | $5,707 -0.6% | $350,607 +1% |
| 2020 | $5,740 | $347,013 +2% |
| 2019 | $5,740 +5.4% | $340,210 +2% |
| 2018 | $5,443 | $333,540 +79.9% |
| 2017 | $5,443 +47.5% | $185,444 +2% |
| 2016 | $3,691 +2.5% | $181,808 +1.5% |
| 2015 | $3,601 | $179,078 +4.5% |
| 2012 | -- | $171,352 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 90023
Nearby schools
GreatSchools rating
- 3/10Rowan Avenue Elementary SchoolGrades: K-5Distance: 0.3 mi
- 3/10Robert Louis Stevenson Middle SchoolGrades: 6-8Distance: 0.6 mi
- 1/10Hilda L. Solis Learning Academy School Of Technology, Business And EducationGrades: 9-12Distance: 1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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