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Key Details
Sold Price $1,200,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW23199052
Sold Date 02/16/24
HOA Y/N No
Year Built 1939
Lot Size 2,752 Sqft
Property Description
Renovated Mixed-Use Property in Historic El Sereno, LA
Discover 3347-3349 N Eastern Ave - a recently remodeled mixed-use gem in El Sereno, Los Angeles, CA. This prime investment offers three superbly upgraded residential units and a vacant 800 sqft commercial space, presenting a golden opportunity.
Residential Highlights:
Studio with 1 Restroom: Ideal for professionals or creatives seeking a modern, compact living space.
3 Bedrooms and 1 Bathroom: A spacious, stylish haven for families or professionals.
1 Bedroom and 1 Bathroom: A cozy, modern retreat for individuals or couples.
All units have been transformed with new flooring, fixtures, kitchenettes, and bathrooms for comfortable living.
Commercial Charm:
The commercial storefront unit has received a stylish facelift, appealing to entrepreneurs with modern interiors and an inviting storefront ready for business.
Exterior and Systems:
The property's exterior and essential systems have been overhauled. New landscaping enhances curb appeal, while updated systems ensure efficiency and reliability.
Historic El Sereno:
El Sereno, once "El Pueblo de Los Angeles," is a vibrant, predominantly Latino community with rich cultural diversity. Its proximity to downtown Los Angeles and major transport routes makes it a prime location for residents and businesses alike.
Investment Snapshot:
Total Rentable Sqft: 2,798
Lot Size: 2,751 sqft
Proforma CAP Rate: 6%
All residential units are leased, offering consistent income.
Customize the vacant commercial space to suit your business needs.
Don't Miss Out:
Seize the opportunity to own this fully renovated mixed-use property in historic El Sereno. Act now for a turnkey investment in a captivating neighborhood. Schedule a viewing today to secure your place in this thriving community. Contact us for details; this property promises financial returns and a strong sense of community.
Location
State CA
County Los Angeles
Area 621 - El Sereno
Interior
Fireplace No
Laundry Inside
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 5213015013
Financing Conventional
Special Listing Condition Standard
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Bought with Ken Shapiro • Silverwood Properties