3300 East 8th Street
$875,000
2
2
3,524
3,524
$248
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...$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.
- Listed by Stelios Zoumberakis • DRE #02049494 • Brokerage DRE #01443822 • Keller Williams Coastal Prop. • stelios@szcre.com
Property Details for 3300 East 8th Street
Parking Spaces Total
1
Private PoolNo
Total Units2.0
Building TypeDetached
Lot Size SourceAssessor
Living Area3524
Assessor Parcel Number5190-023-008
Property Attached YNfalse
LISTING UPDATED: 05/25/2024 04:49 AM
Property Details for 3300 East 8th Street
Status | Active |
---|---|
MLS # | PW23227491 |
Days on Market | 350 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1923 |
Lot Size | 0.14 AC / 5,950 SF |
County | Los Angeles County |
Building Information for 3300 East 8th Street
Stories1Residences-Year Built1923Building Size-Lot Size0.14 AC / 5,950 SF
Property Information for 3300 East 8th Street
Property History for 3300 East 8th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3300 East 8th Street
Taxable ValueLand$432,652Additions$194,691Total$627,343
Tax Record2024$8,105 ($675 / month)
Home Facts
Total Finished SqFt3,524 SqFtAbove Grade Finished SqFt3,524 SqFtStories1Lot Size5,948 SqFtStyleOffice BuildingYear Built1923ZoningLARD1.5CountyLOS ANGELESAPN5190-023-008
Schools near 3300 East 8th Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Christopher Dena Elementary School PublicK to 6 | ||
Robert Louis Stevenson Middle School Public6 to 8 | ||
Felicitas And Gonzalo Mendez High Public9 to 12 | ||
Theodore Roosevelt Senior High Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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