Craftsman

3306 E 8th

Los Angeles , CA 90023

MLS#: PW25246693

$650,000

Status: Active
Listing number: PW25246693
Listing provided by: Keller Williams Coastal Prop.
Listing agent phone: None
Last update: a day ago
New on site 1 day ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1922

Sq.Footage

N/A

Introducing an extraordinary investment opportunity nestled in the vibrant Boyle Heights neighborhood of Los Angeles. This mixed-use property, positioned for both residential and commercial success, boasts a lot size of 5,139 square feet. Comprising two separate buildings, the first encompasses a 728-square-foot retail space, 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 retail 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 retail tenant. Because the rental is a single-family home that is the only residential structure on the parcel, the LA housing website is specific that the property isn’t part of LA’s RSO. Also, according to AB1482: The California Tenant Protection Act of 2019, the property is also exempt from any state rent control laws as well. Tier 2 TOC bonus available. Please see OM for links to LA RSO & AB1482 exclusions.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Driveway, Gravel

  • Pool

    Yes

  • Pool Features

    None

  • View

    None

Area & Lot

  • Lot Size(acres)

    0.118

  • Property Type

    Residential Income

  • Property Sub Type

    Mixed Use

  • Architectural Style

    Craftsman

Price

  • Sales Price

    $650,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    9

  • Water Source

    Public

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Listing Courtesy of Stelios Zoumberakis , Keller Williams Coastal Prop.

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Introducing an extraordinary investment opportunity nestled in the vibrant Boyle Heights neighborhood of Los Angeles. This mixed-use property, positioned for both residential and commercial success, boasts a lot size of 5,139 square feet. Comprising two separate buildings, the first encompasses a 728-square-foot retail space, 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 retail 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 retail tenant. Because the rental is a single-family home that is the only residential structure on the parcel, the LA housing website is specific that the property isn’t part of LA’s RSO. Also, according to AB1482: The California Tenant Protection Act of 2019, the property is also exempt from any state rent control laws as well. Tier 2 TOC bonus available. Please see OM for links to LA RSO & AB1482 exclusions.

3306 E 8th

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