• Asking Price $875,000

  • 3300 E 8TH ST LOS ANGELES, CA 90023

  • 2 Beds 2 Baths 3,524 SqFt
  • Commercial / Resale (MLS)
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Property Details for 3300 E 8TH ST, LOS ANGELES, CA 90023

Features

  • Price/sqft: $248
  • Lot Size: 5948 sq. ft.
  • Total Units: 1
  • Total Rooms: 4
  • Room List: Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2
  • Stories: 100
  • Heating: 24
  • Construction Type: Wood

Facts

  • Year Built: 01/01/1923
  • Property ID: 840743446
  • MLS Number: PW23227491
  • Parcel Number: 5190-023-008
  • Property Type: Commercial
  • County: LOS ANGELES
  • Legal Description: TRACT # 4447 LOT/SEC 8
  • Zoning: LARD1.5
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. This mixed-use property features a blend of both commercial and residential spaces, making it an attractive prospect for investors seeking a diverse income stream and future growth potential. Boasting a generous lot size of 5,948 square feet, the property comprises two separate buildingsa 2,660-square-foot commercial market with a secure five-year lease and a 864-square-foot 2-bedroom/1-bath residence currently on a month-to-month tenancy.nnThe commercial market provides a stable income with a remaining five-year lease, offering investors a reliable return at an attractive 7% cap rate. Meanwhile, the residential unit adds flexibility, allowing for owner occupation, rental, or potential conversion opportunities. This property presents a unique house-hacking opportunity by combining a commercial unit with residential space, allowing owners to live in one while generating income from the other, effectively offsetting living expenses.nnPriced at $500 per square foot for the residential component, this property is positioned competitively in the market. Its strategic location, with easy access to major transportation routes and proximity to downtown LA, further enhances its appeal. This investment opportunity not only provides immediate returns but also offers a diversified portfolio with long-term appreciation potential. Don't miss the chance to explore the possibilities of this mixed-use gem in Boyle Heights. Contact us today to seize this unique investment opportunity.nnDeveloper? Tier 2 TOC bonus available.nnAvailable separately or concurrently with neighboring property.

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Property Brokerage: Keller Williams Coastal Properties 6621 E Pacific Coast Hwy, #150 Long Beach CA 90803
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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