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$ 875,000
Est. payment /mo
Active
3300 E 8th ST Los Angeles, CA 90023
5,950 Sqft Lot
UPDATED:
10/16/2024 04:42 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW23227491
Originating Board California Regional MLS
Year Built 1923
Lot Size 5,950 Sqft
Property 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 retu
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Laundry None
Exterior
Garage Spaces 1.0
Pool None
Building
Lot Description Grade - Level
Story One Story
Water District - Public
Others
Tax ID 5190023008
Special Listing Condition Not Applicable
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Listed by Stelios Zoumberakis • Keller Williams Coastal Prop.