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Listed by Douglas McCauley • MARCUS & MILLICHAP
$ 750,000
Est. payment /mo
Active
3113 N Eastern Los Angeles, CA 90032
1,894 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 1,894 sqft
Price per Sqft $395
MLS Listing ID CRCV25251573
HOA Y/N No
Year Built 1955
Lot Size 6,186 Sqft
Property Sub-Type OTHER
Source Datashare California Regional
Property Description
***SELLER FINANCING*** Mixed-use investment property ideally positioned in the rapidly evolving El Sereno submarket of Los Angeles. The property consists of one single-family residence (2BR/1BA) with a long-term tenant of 10-years and two street-front commercial units, one in which is currently vacant and the other is occupied with another long-term tenant of 7-years. (Month-to-Month leases) Each unit is individually metered for gas & electricity. Situated on a 6,176 SF lot along Eastern Avenue, the property provides investors and owner-users with the rare opportunity to leverage multiple income streams and explore value-add potential through ADU additions or conversion of commercial units to residential (subject to City of Los Angeles approval). This property offers a variety of income and redevelopment options. significantly increase cash flow and enhance long-term value. There is also a conversion opportunity to transform the existing commercial storefronts into residential spaces, subject to verification with the City of Los Angeles. Alternatively, an investor may choose to hold the property for appreciation, maintaining the current structure while benefiting from the continued upward trajectory of values in one of Los Angeles' most promising and emerging neighborhoods. Notab
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Common Area
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