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$ 675,000
Est. payment /mo
Active
3306 E 8th ST Los Angeles, CA 90023
5,139 Sqft Lot
UPDATED:
12/13/2024 05:48 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW23227505
Originating Board California Regional MLS
Year Built 1922
Lot Size 5,139 Sqft
Property Description
Possible exclusion from LA rent control: https://shorturl.at/ch74k Introducing an extraordinary investment opportunity nestled in the vibrant Boyle Heights neighborhood of Los Angeles. This mixed-use property, strategically positioned for both residential and commercial success, boasts a substantial lot size of 5,139 square feet. Comprising two separate buildings, the first encompasses a 728-square-foot salon, offering a turnkey investment with a month-to-month lease and an enticing 7% cap rate. The second building features a comfortable 2-bedroom/1-bath residence spanning 1,345 square feet. Notably, the residence includes a non-confirming studio-a hidden income potential not currently reflected in the existing revenue. The month-to-month leases for both the salon and the residential unit provide flexibility for new owners, whether considering owner-occupation or optimizing rental terms. This property offers a unique house-hacking opportunity, allowing residents to live in the comfortable home while benefiting from the immediate income generated by the salon. Furthermore, with the potential for an SBA loan, financing options add an additional layer of appeal for savvy investors. Priced attractively at $500 per square foot for the residential component, this property stands
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Laundry None
Exterior
Parking Features No Parking
Garage Spaces 2.0
Pool None
Building
Lot Description Grade - Level
Story One Story
Water District - Public
Others
Tax ID 5190023009
Special Listing Condition Not Applicable
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Listed by Stelios Zoumberakis • Keller Williams Coastal Prop.