Los Angeles, CA 90023,3306 E 8th
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Los Angeles, CA 90023,3306 E 8th
Los Angeles, CA 90023,3306 E 8th
Los Angeles, CA 90023,3306 E 8th
Los Angeles, CA 90023,3306 E 8th
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3306 E 8th Los Angeles, CA 90023


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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25246693

Construction Status Fixer

HOA Y/N No

Year Built 1922

Property Sub-Type Mixed Use

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 control laws as well.

Tier 2 TOC bonus available.

Please see OM for links to LA RSO & AB1482 exclusions.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Driveway, Gravel

Fence Chain Link

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks

View Y/N No

View None

Roof Type Flat,Shingle

Total Parking Spaces 3

Private Pool No

Building

Lot Description Street Level

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Craftsman

Level or Stories One

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 5190023009

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard


CRMLS – RECore
Listed by Stelios Zoumberakis Keller Williams Coastal Prop. stelios@szcre.com
Mayra Berumen

Mayra Berumen

Advisor | License ID: 01931731

+1(310) 760-6674

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3306 E 8th