1 of 3
Tools
Size
2
Bedrooms
2
Full Baths
3,524 Sq Ft.
interior
0.14 Acres
Exterior
Financial
$875,000
Change Currency
$248
Price Per Sqft
Listing Details
Multi Family
Property type
1923
Year Built
10224419
Web Id
PW23227491
MLS ID
285
Days Posted
Description
3300 E 8th Street,
Los Angeles,
CA
90023
Los Angeles, CA 90023
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. The 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. Priced 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. Developer? Tier 2 TOC bonus available. Available separately or concurrently with neighboring property.
This is an Active listing.
Broker Office Phone Number: 562-843-1017
Copyright © 2024California 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.
This is an Active listing.
Broker Office Phone Number: 562-843-1017
Copyright © 2024California 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.
Price History
date | price | variance | type |
---|---|---|---|
12/17/2023 | $875,000 | - | Listed |
Listing By: Keller Williams Coastal Prop. via Data Source: California Regional Multiple Listing Service, Inc
listing agent: Stelios Zoumberakis