Huge value-add opportunity with high IRR and strong rental upside. This prime 5-unit mixed-use property in El Sereno, Los Angeles, offers significant income potential. Two units are vacant, with one under renovation and listed for rent. A sixth bonus unit is on-site. This is a rare investment opportunity, hitting the market for the first time in decades. The property spans two adjacent parcels in a growing commercial area of El Sereno, just seconds from Cal State LA, Alhambra, South Pasadena, and Highland Park, with direct access to Downtown Los Angeles. Positioned on Alhambra Avenue, a key corridor linking Mission Road to major universities, the property benefits from strong demand and traffic. The main power panel was fully upgraded with permits, and all units are individually metered. The property features a gated, paved parking lot with space for 10 vehicles and double egress. Desirable C2 zoning allows for a variety of uses. The corner lot has two street frontages, providing excellent visibility in a high-demand rental area. There is approximately 70% rental growth potential. At projected market rents, the property will stabilize at a 10% CAP rate. All tenants are month-to-month. The property consists of four large residential units and one ground-floor retail space. The sixth bonus unit, formerly a studio apartment, can be leased for residential, commercial, or storage use. Leasing at $3 per square foot is projected to increase the CAP rate to 6% by next quarter. A large secured parking lot accommodates up to 10 vehicles, with potential for additional income through leased parking spaces. Mixed-use zoning provides strong value-add potential through rent increases and future development. ADU additions could significantly expand the unit count. The property is strategically located in a thriving commercial and residential hub. Nearby employment centers include the Alhambra Office Complex, Grifols Corporate Campus, USC Keck Medical Center, Kaiser Permanente, and Cal State LA. The area is surrounded by national retailers such as Target, Costco, Starbucks, and Home Depot, as well as emerging businesses and dining hotspots. With excellent connectivity to the 710, 10, 110, and 5 freeways and major transit routes, the property has a high Walk Score of 90/100, ensuring convenience for tenants. This rare investment opportunity provides immediate income with strong long-term appreciation potential. Contact us today for details.