Hybrid Multifamily & Commercial Unit

[Jennifer Stein]

Hello All...I am new to this community and also fairly new to multifamily investing. I have a full time job, so I am dabbling into the multifamily real estate syndication market here in LA, SF and NYC.  I have only invested in about 3 different properties so far (ad value, multifamily units). However, there is a new investment property in LA that is a hybrid 4 Apartment Unit plus 1 Commercial Unit that is currently a restaurant that is paying below market rates. This is an ad value investment opportunity. Typically this company repositions multifamily apartment complexes in the LA area (West Adams & Inglewood) that is an ad value opportunity. This time it's still an "ad value", however, the new element is this commercial unit attached, and two of the 4 apartments will be delivered vacant.  I am not sure how to research this type of hybrid opportunity- is it more risky, less risky to have a commercial unit attached?  Does anyone know what the cons are to have a commercial unit/restaurant attached to these multifamily units?  Would love any feedback, or any articles/key words I should use to research this better....Thanks very much all!