3300 E 8Th Street, Los Angeles, CA 90023

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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 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.


Interior Features

Laundry Information
Location(s) None
Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 3300 E 8Th Street
City Los Angeles
State CA
Zip 90023
County Los Angeles
Listing Agent Stelios Zoumberakis DRE #02049494
Courtesy Of Keller Williams Coastal Prop.
List Price $875,000
Status Active
Type Residential Income
Subtype Mixed Use
Structure Size N/A
Lot Size 5,950
Year Built 1923

Listing information courtesy of: Stelios Zoumberakis, Keller Williams Coastal Prop.. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:43 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.