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3306 E 8th Street
Los Angeles CA 90023 US

$675,000

Active Listing ID PW23227505
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2 bed
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2.00 Bath (2 Full Bath)
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Lot: 5,139.00 Square Feet
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Other

$675,000

Active Listing ID PW23227505
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3306 E 8th Street 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.

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Property Features

  • Facts
  • Lot Size: 5,139.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 2
  • Exterior Finish: Community Features Included: Street Lights, Urban, Level With Street, Near Public Transit

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 675000
  • unparsedaddress: 3306 E 8th Street
  • postalcity: Los Angeles
  • stateorprovince: CA
  • country: US
  • postalcode: 90023
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.11797520661157
  • lotsizeunits: Square Feet
  • lotsizearea: 5139
  • livingarea: 2073
  • livingareaunits: Square Feet
  • latitude: 34.022156
  • longitude: -118.206841
  • 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: 1922
  • listingcontractdate: 2023-12-18
  • listagenturl: http://kwcoastalproperties.com/
  • countyorparish: Los Angeles
  • parcelnumber: 5190023009
  • numberofunitstotal: 2
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 2
  • parkingfeatures: None
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • exteriorfeatures: Community Features Included: Street Lights, Urban, Level With Street, Near Public Transit
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -118.206841, 34.022156
  • customfields: {"AlternatePrices":[], "Expenses":[], "Neighborhoods":[], "Taxes":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/3306-E-8th-St_Los-Angeles_CA_90023_M92978-90428?f=listhub&s=MRMLSCA&m=PW23227505&c=rexren", "LeadRoutingEmail":"simoncazares@kw.com", "BrokerName":"Keller Williams Coastal Properties", "ListingTitle":"Commercial/Residential - Los Angeles, CA", "ListOfficeBrokerMlsId":"PCAZASIM", "ListOfficeEmail":"KLRW301@kw.com", "ListOfficeAddress1":"6621 E Pacific Coast Hwy, #150", "ListOfficeAddress2":null, "ListOfficeCity":"Long Beach", "ListOfficePostalCode":"90803", "ListOfficeStateOrProvince":"CA", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"Keller Williams Coastal Properties", "ListBrokeragePhone":"(562) 843-1017", "ListBrokerageEmail":"broker4kw@gmail.com", "ListBrokerageWebsiteUrl":"http://kwcoastalproperties.com/", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MRMLSCA/0812b5e1abbe11e881520242ac110005/20190508001417697.png", "ListBrokerageUnparsedAddress":"6621 E. Pacific Coast Highway #150", "ListBrokerageUnitNumber":null, "ListBrokerageCity":"Long Beach", "ListBrokerageStateOrProvince":"CA", "ListBrokeragePostalCode":"90803", "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2023-12-18T10:59:47Z"}
Listing Changed: 4/18/2024 4:42:41 AM GMT
Source Updated Date: 5/5/2024 6:43:15 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.

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