3306 East 8th Street
$675,000
2
2
2,073
2,073
$326
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...$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.
- Listed by Stelios Zoumberakis • DRE #02049494 • Brokerage DRE #01443822 • Keller Williams Coastal Prop. • stelios@szcre.com
Property Details for 3306 East 8th Street
Parking Spaces Total
2
Private PoolNo
Total Units2.0
Building TypeDetached
Lot Size SourceAssessor
Living Area2073
Assessor Parcel Number5190-023-009
Property Attached YNfalse
LISTING UPDATED: 09/23/2024 01:36 AM
Property Details for 3306 East 8th Street
Status | Active |
---|---|
MLS # | PW23227505 |
Days on Market | 339 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1922 |
Lot Size | 0.12 AC / 5,139 SF |
County | Los Angeles County |
Building Information for 3306 East 8th Street
Stories1Residences-Year Built1922Building Size-Lot Size0.12 AC / 5,139 SF
Property Information for 3306 East 8th Street
Property History for 3306 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 3306 East 8th Street
Taxable ValueLand$341,313Additions$120,178Total$461,491
Tax Record2024$5,949 ($496 / month)
Home Facts
Total Finished SqFt2,073 SqFtAbove Grade Finished SqFt2,073 SqFtStories1Lot Size5,139 SqFtStyleOffice BuildingYear Built1922ZoningLARD1.5CountyLOS ANGELESAPN5190-023-009
Schools near 3306 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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