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3300 E 8th Street
Los Angeles CA 90023 US

$875,000

Active Listing ID PW23227491
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2 bed
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2.00 Bath (2 Full)
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Lot: 5,950.00 Square Feet
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Other

$875,000

Active Listing ID PW23227491
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3300 E 8th Street 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.

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Property Features

  • Facts
  • Lot Size: 5,950.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 2
  • Exterior Finish: Community Features Included: Curbs, Sidewalks, Street Lights, Urban, Rectangular Lot, Level

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 875000
  • unparsedaddress: 3300 E 8th Street
  • postalcity: Los Angeles
  • stateorprovince: CA
  • country: US
  • postalcode: 90023
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.136593204775023
  • lotsizeunits: Square Feet
  • lotsizearea: 5950
  • livingarea: 3524
  • livingareaunits: Square Feet
  • latitude: 34.022293
  • longitude: -118.206924
  • listagentfullname: Stelios Zoumberakis
  • listagentemail: stelios@szcre.com
  • listagentkey: 3yd-MRMLSCA-PWZOUSTE
  • listagentmlsid: PWZOUSTE
  • listagentpreferredphone: 5628431017
  • listagentofficephone: 5628431017
  • listofficekey: 3yd-MRMLSCA-PB8089
  • listagentstatelicense: 02049494
  • listofficemlsid: PB8089
  • disclaimer: Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1923
  • listingcontractdate: 2023-12-18
  • listagenturl: http://kwcoastalproperties.com/
  • countyorparish: Los Angeles
  • parcelnumber: 5190023008
  • numberofunitstotal: 2
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 1
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • exteriorfeatures: Community Features Included: Curbs, Sidewalks, Street Lights, Urban, Rectangular Lot, Level
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -118.206924, 34.022293
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Coastal Properties", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"simoncazares@kw.com", "ListBrokerageCity":"Long Beach", "ListBrokerageCountry":"US", "ListBrokerageEmail":"Simoncazares@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MRMLSCA/0812b5e1abbe11e881520242ac110005/20190508001417697.png", "ListBrokerageName":"Keller Williams Coastal Properties", "ListBrokeragePhone":"(562) 843-1017", "ListBrokeragePostalCode":"90803", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"6621 E. Pacific Coast Highway #150", "ListBrokerageWebsiteUrl":"http://kwcoastalproperties.com/", "ListOfficeAddress1":"6621 E Pacific Coast Hwy, #150", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"PCAZASIM", "ListOfficeCity":"Long Beach", "ListOfficeCountry":"US", "ListOfficeEmail":"KLRW301@kw.com", "ListOfficePostalCode":"90803", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial/Residential - Los Angeles, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/3300-E-8th-St_Los-Angeles_CA_90023_M97606-85697?f=listhub&s=MRMLSCA&m=PW23227491&c=rexren", "MLSModificationTimestamp":"2023-12-18T10:46:05Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 8:54:07 AM GMT
Source Updated Date: 12/26/2024 6:52:58 AM GMT

Courtesy of: Stelios Zoumberakis, Keller Williams Coastal Prop., stelios@szcre.com

Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.