1 /
7
Map
$675,000
↓ $260K (27.8%)
●
Multifamily -
For Sale
3306 E 8th Street
Los Angeles, CA 90023
2 Beds
2 Baths
2073 Sqft
$3,315
Estimated Monthly
$0
HOA / Fees
About This Property
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 out in the market. Beyond its immediate income potential, the mix of commercial and residential elements positions it as a well-rounded investment with prospects for long-term appreciation. Don't miss the chance to explore this rare mixed-use gem in Boyle Heights. Contact us today to uncover the full potential of this dynamic property-perfect for those seeking a diverse investment portfolio or a distinctive house-hacking opportunity.
Developer? Tier 2 TOC bonus available.
Available separately or concurrently with neighboring property.
The manager has listed the unit size as 2073 square feet.
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 out in the market. Beyond its immediate income potential, the mix of commercial and residential elements positions it as a well-rounded investment with prospects for long-term appreciation. Don't miss the chance to explore this rare mixed-use gem in Boyle Heights. Contact us today to uncover the full potential of this dynamic property-perfect for those seeking a diverse investment portfolio or a distinctive house-hacking opportunity.
Developer? Tier 2 TOC bonus available.
Available separately or concurrently with neighboring property.
The manager has listed the unit size as 2073 square feet.
Unit Size
2,073Ft²
Days on Market
134 days
Land Size
0.12 acres
Price per sqft
$326
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1922
Listed By
Last updated: 11 days ago (MRMLSCA #PW23227505)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 19, 2024 | Price Decreased |
$675,000
↓ $260K
(27.8%)
|
|
Price Decreased | |||
Dec 18, 2023 | Listed by Keller Williams Coastal Properties | $935,000 | |
Listed by Keller Williams Coastal Properties |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Multifamily
4
Beds
3
Baths
1,708 ft²
$457/ft²
$780,000
Apr 17, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
3306 East 8th Street
3306 East 8th Street, Los Angeles, CA 90023
- 1 Unit for Sale