Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

3

Building size

3,306 sqft

Lot size

3,883 sqft

Year built

1907

Stories

2

Garage spaces

0

Heating

Central

Cooling

Central Air

Pool

None

Status

Active

Days on market

80

MLS #

246865914

About this property

Don't miss this exceptional opportunity to own a versatile mixed-use property in the heart of East Los Angeles, offering tremendous upside potential for investors, developers, and owner users . Run your business and enjoy the comfort of living onsite. perfect for entrepreneurs seeking a live, work lifestyle. Originally built in 1907, this unique property offers approximately 3,306 square feet of combined building area and presents the opportunity to restore its original configuration of three residential units and two street-front retail spaces (buyer to verify with the City of Los Angeles). This flexible layout creates significant income-producing potential in a rapidly improving neighborhood. Property currently feature one extra large store front and 1 Bedroom 1 bath apartment on the second floor The property is located just one building away from a newly developed 66-unit residential project, bringing additional residents, increased foot traffic, and new business opportunities to the area. As the neighborhood continues to grow, the potential for increased property values and stronger rental income makes this an outstanding long-term investment. High visibility location with strong vehicle traffic. Just minutes from Downtown Los Angeles, close access to 5,10,60 and 101 fwy.

Location

3583 E 1st St

East Los Angeles, Los Angeles, CA, 90063