For Sale
3306 E 8th Street, Los Angeles, CA 90023
3306 E 8th Street, Los Angeles, CA 90023
  • $675,000
  • $326

Overview

Property ID: HZ13723755
  • Residential Income
  • Property Type
  • 0.00
  • Garage
  • 1922
  • Year Built

Description

$260K Price update! MOTIVATED SELLERS! 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 out in the market. Beyond its immediate income potential, the mix of commercial and residential elements positions it as a well-rounded investment with prospects for long-term appreciation. Don’t miss the chance to explore this rare mixed-use gem in Boyle Heights. Contact us today to uncover the full potential of this dynamic property—perfect for those seeking a diverse investment portfolio or a distinctive house-hacking opportunity.

Developer? Tier 2 TOC bonus available.

Available separately or concurrently with neighboring property.

  • Address 3306 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: HZ13723755
  • Price: $675,000
  • Land Area: 5139.00 Sqft
  • Garage: 0.00
  • Year Built: 1922
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 2073.00
  • Living Area Prefix: Sqft
  • MLS#: PW23227505
  • Office Name: KELLER WILLIAMS COASTAL PROP.
  • Agent Name: Stelios Zoumberakis
  • MLS Status: Active
  • Agent State License: 02049494

Additional details

  • Sewer: Public Sewer
  • County: Los Angeles
  • Property SubType: Commercial/Residential
  • Parking: 2.00
  • Water Source: Public

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