3415 Verdugo Road is a mixed-use commercial and residential value-add investment or redevelopment opportunity located in Washington Park, a few blocks from Glassell Park and Glassell Recreation Center. The subject property, built-in 1921, consists of a retail building and a two-bedroom house in a prime investment location, giving an investor the opportunity to purchase a mixed-use asset with massive upside; pro forma rents can be achieved in the neighborhood through a complete renovation of current buildings. Totaling a lot size of 5,848 SF, the commercial property is 1,208 SF and consists of a large retail space including one ground level door. The residential building is 1,196 SF and consists of two-bedrooms and one bathroom and is located in the rear of the lot. The Subject property holds significant upside potential with the opportunity to renovate or redevelop the retail and residential spaces to achieve a 7.32% market CAP rate.