3248 Eastern Avenue, Los Angeles, CA 90032
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
3248 Eastern Avenue,El Sereno, CA 90032
$750,000
- - Beds
- - Baths
- 4,096 sq. ft.
- Multi-family
- Active
Listed by: david de anda
Office: las casas realty, inc.323-254-2206
MLS#:GD26054047
Source:CRMLS
Price summary
- Price:$750,000
- Price per sq. ft.:$183.11
About this home
Rare Mixed-Use Investment Opportunity – Approximately 4,000+ Sq Ft
Offered for the first time in nearly 40 years, this unique mixed-use commercial and residential property presents an excellent opportunity for investors seeking a value-add asset with strong upside potential. The building consists of four total units, including two vacant commercial storefront units on the ground floor and two occupied residential units located above.
The residential units include:
• One 2-bedroom / 1-bath unit
• One 1-bedroom / 1-bath unit
The two commercial units:
approximately 1,000 square feet each, providing flexibility for a variety of retail, office, or service-based businesses. Average commercial lease rates in the El Sereno area range from approximately $2.00–$3.00 per square foot, presenting a strong opportunity to establish new leases and increase income.
The property is equipped with four separate electrical meters and one master water meter.
While the building requires improvements and updating, it offers significant upside for investors looking to reposition the asset and capture higher rents. With a flexible mixed-use layout and strong demand for both residential and neighborhood commercial space, this property represents a compelling investment opportunity.
The residential units are currently tenant-occupied, and the property will be sold with tenants in place, making it ideal for investors seeking immediate rental income with long-term growth potential.
For additional information, including financials and lease details, please contact the listing agent....
Contact an agent
Home facts
- Year built:1962
- Listing ID #:GD26054047
- Added:102 day(s) ago
- Updated:June 22, 2026 at 10:41 AM
Rooms and interior
- Living area:4,096 sq. ft.
Structure and exterior
- Year built:1962
- Building area:4,096 sq. ft.
- Lot area:0.08 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$750,000
- Price per sq. ft.:$183.11
Parking
- Parking description:Assigned
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