This property presents a rare mixed-use investment opportunity featuring 3 units on a single parcel, combining a retail storefront with residential income in a highly desirable East Los Angeles location between the 5 and 60 Freeways. The property consists of a vacant, appx 1,100 SF retail space, a renovated, vacant… Read More 2Br+1Ba house of appx. 728 SF, and a 2Br+1Ba apartment that is currently leased at $1,900 per month to a long term tenant. The corner market and the single-family home are currently vacant, offering a new owner the ability to set market rents, reposition the asset, or pursue an ideal owner-user strategy. The store includes a 200 SF walk-in freezer, original shelving, counters, refrigerated cases, small kitchen, storage and bathroom. It presents significant upside potential and flexibility, as this could make a wonderful neighborhood-serving market, or live/work option for a new owner to live in the house and operate their business or creative studio out of the commercial space. The renovated Spanish-style SFR features a charming interior with decorative finishes and a faux fireplace, adding character and warmth that enhances its appeal for either owner occupancy or premium rental potential. The property also includes 4 on-site driveway parking spaces & a detached garage. Positioned in a dense, high-demand rental market with close proximity to major transportation corridors, the asset benefits from strong fundamentals and long-term appreciation potential. Because the property is mixed-use, unfortunately it will not qualify for a FHA or conventional loan. Read Less
Courtesy of Compass 818-783-7721
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
4
Square Ft.
2,224
Lot Size
0.18 Acres
Year Built
1911
MLS Number
26838659
Additional Details
Appliances & Equipment
Range Hood, Gas Or Electric Dryer Hookup, Freezer, Dishwasher, Hood Fan, Garbage Disposal
Building
2,224 sq ft, Built in 1911, Levels: One, Detached/No Common Walls, Spanish
Cooling
Wall/Window
Disclosures
As Is, Conditional Use Permit, Rent Control, Unincorporated Community
Exterior Features
Brick, Stucco, Covered Porch
Fireplaces
Decorative, Living Room
Floors
Tile, Engineered Hardwood
Foundation
Raised, Slab
Garage
2 total garage spaces, Driveway - Concrete, Garage Is Detached, Tandem, Gated
Water Features
Water: Public
Heating
Wall
Interior Features
Turnkey
Kitchen
Remodeled, Stone Counters
Laundry
In Unit
Lot
LotAcreage: 0.1756, LotSizeArea: 7,647, Corner Lot
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