3306 E 8th St Los Angeles, CA

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E Th St, Los Angeles, Home For Sale

Price: $675,000
Address: 3306 E 8th St
City: Los Angeles
State: CA
Zip:
Bathrooms: 2
Bedrooms: 2
Fee: No
Provided By: RealtyWW

Description:

$260K Price update! MOTIVATED SELLERS! 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 studioa 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.

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