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3248 Eastern Avenue, El Sereno, CA 90032
Priced at Only: $750,000
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Address: 3248 Eastern Avenue, El Sereno, CA 90032
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  • MLS#: GD26054047 ( Commercial/Residential )
  • Street Address: 3248 Eastern Avenue
  • Viewed: 4
  • Price: $750,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 0
  • Days On Market: 38
  • Additional Information
  • County: LOS ANGELES
  • City: El Sereno
  • Zipcode: 90032
  • Provided by: Las Casas Realty, Inc.
  • Contact: David David
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Building Area Total
  1. 4096.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 32
Current Financing
  1. Conventional
  2. Contract
Electric Expense
  1. 0.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 6000.00
Laundry Features
  1. None
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 4000.00
Parcel Number
  1. 5218021017
Parking Features
  1. Assigned
Pool Features
  1. None
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 458361965:CRM
Tenant Pays
  1. Gas
  2. Trash Collection
  3. Cable TV
  4. Electricity
Totalexpenses
  1. 6800.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 1800.00
Water Source
  1. Public
Year Built
  1. 1962
Year Built Source
  1. Assessor
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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