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Listed by Stelios Zoumberakis • Keller Williams Coastal Prop.
$650,000
Est. payment /mo
5,139 Sqft Lot
Active
3306 E 8th Los Angeles, CA 90023
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25246693
Style Craftsman
Year Built 1922
Lot Size 5,139 Sqft
Property Sub-Type Duplex
Source California Regional MLS
Property Description
Introducing an extraordinary investment opportunity nestled in the vibrant Boyle Heights neighborhood of Los Angeles. This mixed-use property, positioned for both residential and commercial success, boasts a lot size of 5,139 square feet. Comprising two separate buildings, the first encompasses a 728-square-foot retail space, 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 retail 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 retail tenant. Because the rental is a single-family home that is the only residential structure on the parcel, the LA housing website is specific that the property isn't part of LA's RSO. Also, according to AB1482: The California Tenant Protection Act of 2019, the property is also exempt from any state rent
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Laundry Laundry Area
Exterior
Parking Features Other
Garage Spaces 3.0
Pool 31, None
View None
Roof Type Flat / Low Pitch,Shingle
Building
Lot Description Grade - Level
Story One Story
Water District - Public
Architectural Style Craftsman
Others
Tax ID 5190023009
Special Listing Condition Not Applicable

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