3306 8th Street, Los Angeles, CA 90023

Local realty services provided by:ERA North Orange County Real Estate
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

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Home facts

  • Year built:1922
  • Listing ID #:PW23227505
  • Added:647 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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