3300 East 8th Street

Los Angeles, CA 90023

$875,000
Price
2
Beds
2
Baths
3,524 Sq. Ft.
$248 / Sq. Ft.
3,524
Sq. Ft.
$248
per Sq. Ft.

Description

$275K price update! Motivated sellers! This mixed-use property features a blend of both commercial and residential spaces, making it an attractive prospect for investors seeking a diverse income stream and future growth potential. Boasting a generous lot size of 5,948 square feet, the property comprises two separate buildings—a 2,660-square-foot commercial market with a secure five-year lease and a 864-square-foot 2-bedroom/1-bath residence currently on a month-to-month tenancy. The commercial market...$275K price update! Motivated sellers! This mixed-use property features a blend of both commercial and residential spaces, making it an attractive prospect for investors seeking a diverse income stream and future growth potential. Boasting a generous lot size of 5,948 square feet, the property comprises two separate buildings—a 2,660-square-foot commercial market with a secure five-year lease and a 864-square-foot 2-bedroom/1-bath residence currently on a month-to-month tenancy. The commercial market provides a stable income with a remaining five-year lease, offering investors a reliable return at an attractive 7% cap rate. Meanwhile, the residential unit adds flexibility, allowing for owner occupation, rental, or potential conversion opportunities. This property presents a unique house-hacking opportunity by combining a commercial unit with residential space, allowing owners to live in one while generating income from the other, effectively offsetting living expenses. Priced at $500 per square foot for the residential component, this property is positioned competitively in the market. Its strategic location, with easy access to major transportation routes and proximity to downtown LA, further enhances its appeal. This investment opportunity not only provides immediate returns but also offers a diversified portfolio with long-term appreciation potential. Don't miss the chance to explore the possibilities of this mixed-use gem in Boyle Heights. Contact us today to seize this unique investment opportunity. Developer? Tier 2 TOC bonus available. Available separately or concurrently with neighboring property.
  1. Listed by Stelios Zoumberakis • DRE #02049494 • Brokerage DRE #01443822 • Keller Williams Coastal Prop.

Property Details for 3300 East 8th Street

Parking Spaces Total
1
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3524
Assessor Parcel Number
5190-023-008
Property Attached YN
false

Location

Listing Courtesy of Keller Williams Coastal Prop., Stelios Zoumberakis, DRE #02049494
Add your commute
LISTING UPDATED: 04/17/2024 12:49 PM

Property Details for 3300 East 8th Street

StatusActive
MLS #PW23227491
Days on Market136
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1923
Lot Size0.14 AC / 5,950 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Coastal Prop., Stelios Zoumberakis, DRE #02049494
Add your commute

Building Information for 3300 East 8th Street

Stories1Residences-Year Built1923Building Size-Lot Size0.14 AC / 5,950 SF

Payment Calculator

$5,438 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,775

Property Taxes

$663

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3300 East 8th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $61,800
  • Gross Scheduled Income: $61,800
  • Net Operating Income: $39,500
  • Cap Rate: 4.91
Expense Details
  • Operating Expense: $21,706
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,291
  • Other Expense: $250
  • Other Expense Description: Reserves
  • Trash Expense: $0
  • Total Expenses: $21,706
Tax / Assessment Info
  • Tax Tract Number: 4447
  • Tax Census Tract: 2051.20
  • Tax Lot: 8
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Curbs, Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Rectangular Lot, Level
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 1
  • Open Other Spaces Total: 1
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,500
  • Unit Type Pro Forma: 5320
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 3300 East 8th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3300 East 8th Street

Taxable ValueLand$424,169Additions$190,874Total$615,043
Tax Record2023$7,955 ($663 / month)
Home Facts
Total Finished SqFt3,524 SqFtAbove Grade Finished SqFt3,524 SqFtStories1Lot Size5,948 SqFtStyleOffice BuildingYear Built1923ZoningLARD1.5CountyLOS ANGELESAPN5190-023-008

Schools near 3300 East 8th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Christopher Dena Elementary School
PublicK to 6

Robert Louis Stevenson Middle School
Public6 to 8

Felicitas And Gonzalo Mendez High
Public9 to 12

Theodore Roosevelt Senior High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3300 East 8th Street is a mixed use property for sale in Los Angeles, CA 90023. This property was listed for sale on December 18, 2023 by Keller Williams Coastal Prop., it's currently listed at $875,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Christopher Dena Elementary School, Robert Louis Stevenson Middle School and Felicitas And Gonzalo Mendez High. 3300 East 8th Street is a 2-bed, 2-bath, 3,524 sqft mixed use property built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Coastal Prop., Stelios Zoumberakis, DRE #02049494

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.