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$ 799,000
Est. payment | /mo
4 Beds
2,224 SqFt
$ 799,000
Est. payment | /mo
4 Beds
2,224 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,224 sqft
Price per Sqft $359
MLS Listing ID CL26838659
Bedrooms 4
HOA Y/N No
Year Built 1911
Lot Size 7,647 Sqft
Acres 0.18
Property Sub-Type OTHER
Property Description
This property presents a rare mixed-use investment opportunity featuring 3 units on a single parcel, combining a retail storefront with residential income in a highly desirable East Los Angeles location between the 5 and 60 Freeways. The property consists of a vacant, appx 1,100 SF retail space, a renovated, vacant 2Br+1Ba house of appx. 728 SF, and a 2Br+1Ba apartment that is currently leased at $1,900 per month to a long term tenant. The corner market and the single-family home are currently vacant, offering a new owner the ability to set market rents, reposition the asset, or pursue an ideal owner-user strategy. The store includes a 200 SF walk-in freezer, original shelving, counters, refrigerated cases, small kitchen, storage and bathroom. It presents significant upside potential and flexibility, as this could make a wonderful neighborhood-serving market, or live/work option for a new owner to live in the house and operate their business or creative studio out of the commercial space. The renovated Spanish-style SFR features a charming interior with decorative finishes and a faux fireplace, adding character and warmth that enhances its appeal for either owner occupancy or premium rental potential. The property also includes 4 on-site driveway parking spaces & a detached garage. Positioned in a dense, high-demand rental market with close proximity to major transportation corridors, the asset benefits from strong fundamentals and long-term appreciation potential. Because the property is mixed-use, unfortunately it will not qualify for a FHA or conventional loan.
Location
State CA
County Los Angeles
Zoning LCR4*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile
Fireplace No
Exterior
View Y/N false
View None
Total Parking Spaces 4
Building
Water Other
New Construction No
Others
Tax ID 5238010027
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Listed by Dana Coronado • Compass
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