3300 E 8th Street, Los Angeles, CA 90023

  • $875,000
  • $248
3300 E 8th Street, Los Angeles, CA 90023
  • Residential Income
  • Property Type
  • 0.00
  • Garage
  • 1923
  • Year Built
For Sale
3300 E 8th Street, Los Angeles, CA 90023
  • $875,000
  • $248

Overview

Property ID: SGR-20077024
  • Residential Income
  • Property Type
  • 0.00
  • Garage
  • 1923
  • Year Built

Description

$275K price update! MOTIVATED SELLERS! 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 buildings—a 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.

  • Address 3300 E 8th Street
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90023
  • Area BOYH - Boyle Heights
  • Country United States

Details

Updated on April 18, 2024 at 2:51 am
  • Property ID: SGR-20077024
  • Price: $875,000
  • Land Area: 5950.00 m²
  • Garage: 0.00
  • Year Built: 1923
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 3524.00
  • MLS#: PW23227491
  • Office Name: KELLER WILLIAMS COASTAL PROP.
  • Agent Name: Stelios Zoumberakis
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 02049494

Additional details

  • Sewer: Public Sewer
  • County: Los Angeles
  • Property SubType: Commercial/Residential
  • Parking: 1.00
  • Water Source: Public

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