3306 8th Street, Los Angeles, CA 90023
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
3306 8th Street,Los Angeles, CA 90023
$675,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:stelios zoumberakis
Office:keller williams coastal prop.
MLS#:PW23227505
Source:CAREIL
Price summary
- Price:$675,000
About this home
Possible exclusion from LA rent control: https://shorturl.at/ch74k 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
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Home facts
- Year built:1922
- Listing Id #:PW23227505
- Added:605 day(s) ago
- Updated:December 18, 2024 at 06:08 PM
Structure and exterior
- Year built:1922
- Lot area:0.12 Acres
Utilities
- Water:District - Public
Finances and disclosures
- Price:$675,000
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