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$750,000
Est. payment /mo
3,528 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD26054047
HOA Y/N No
Year Built 1962
Lot Size 3,528 Sqft
Property Sub-Type Mixed Use
Property Description
Rare Mixed-Use Investment Opportunity – Approximately 4,000+ Sq Ft
Offered for the first time in nearly 40 years, this unique mixed-use commercial and residential property presents an excellent opportunity for investors seeking a value-add asset with strong upside potential. The building consists of four total units, including two vacant commercial storefront units on the ground floor and two occupied residential units located above.
The residential units include:
• One 2-bedroom / 1-bath unit
• One 1-bedroom / 1-bath unit
The two commercial units:
approximately 1,000 square feet each, providing flexibility for a variety of retail, office, or service-based businesses. Average commercial lease rates in the El Sereno area range from approximately $2.00–$3.00 per square foot, presenting a strong opportunity to establish new leases and increase income.
The property is equipped with four separate electrical meters and one master water meter.
While the building requires improvements and updating, it offers significant upside for investors looking to reposition the asset and capture higher rents. With a flexible mixed-use layout and strong demand for both residential and neighborhood commercial space, this property represents a compelling investment opportunity.
The residential units are currently tenant-occupied, and the property will be sold with tenants in place, making it ideal for investors seeking immediate rental income with long-term growth potential.
For additional information, including financials and lease details, please contact the listing agent.
Offered for the first time in nearly 40 years, this unique mixed-use commercial and residential property presents an excellent opportunity for investors seeking a value-add asset with strong upside potential. The building consists of four total units, including two vacant commercial storefront units on the ground floor and two occupied residential units located above.
The residential units include:
• One 2-bedroom / 1-bath unit
• One 1-bedroom / 1-bath unit
The two commercial units:
approximately 1,000 square feet each, providing flexibility for a variety of retail, office, or service-based businesses. Average commercial lease rates in the El Sereno area range from approximately $2.00–$3.00 per square foot, presenting a strong opportunity to establish new leases and increase income.
The property is equipped with four separate electrical meters and one master water meter.
While the building requires improvements and updating, it offers significant upside for investors looking to reposition the asset and capture higher rents. With a flexible mixed-use layout and strong demand for both residential and neighborhood commercial space, this property represents a compelling investment opportunity.
The residential units are currently tenant-occupied, and the property will be sold with tenants in place, making it ideal for investors seeking immediate rental income with long-term growth potential.
For additional information, including financials and lease details, please contact the listing agent.
Location
State CA
County Los Angeles
Area 621 - El Sereno
Interior
Fireplace No
Laundry None
Exterior
Parking Features Assigned
Pool None
Community Features Urban
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5218021017
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Listed by David De Anda Las Casas Realty, Inc. 626-592-5341, DRE #01912935
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