3306 E 8th Street, Los Angeles, CA 90023

bedrooms 2
bathrooms 2
parkingSpaces 2
|Townhouse
INR ₹57,078,911
USD $675,000
Published on: 19 Dec 2023
Last updated on: 09 Nov 2024
3306 E 8th Street, Los Angeles, CA 90023
3306 E 8th Street, Los Angeles, CA 90023
3306 E 8th Street, Los Angeles, CA 90023
+7
3306 E 8th Street, Los Angeles, CA 90023
  • 7
Property ID: 110088838706
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Commercial/Residential - Los Angeles, CA

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

Property Details

Basic Info

Property Type
Townhouse
Listing Status
Active
Parking Spaces
2
Land Size
5,139.00 sq ft
Building Size
2,073.00 sq ft
Year Built
1922
Rooms
2 bedroom(s), 2 bathroom(s)
Architecture Style
Other
Building Unit Count
2
Num Floors
1
Franchise
Keller Williams Realty
County
Los Angeles
Parcel ID
5190023009
Provider
Keller Williams Coastal Properties
Brokerage Office Name
Keller Williams Coastal Properties
Brokerage Office Phone
(562) 843-1017
Address
3306 E 8th Street, Los Angeles, CA 90023
Contact Agent
Stelios Zoumberakis
6621 E Pacific Coast Hwy, #150, Long Beach, CA 90803
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Stelios Zoumberakis
6621 E Pacific Coast Hwy, #150, Long Beach, CA 90803
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      Property ID: 110088838706

      Data provided by Keller Williams Coastal Properties, MLS #: PW23227505
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