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3248 Eastern Avenue

El Sereno, CA 90032

$750,000 $3,162/Mo

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Overview

Bed

Bath

3,527

Sqft(Lot)

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.

Property Details

Property Type : ResidentialIncome

Price : $750,000

AD Id : 76062775

MLS Id : GD26054047

Beds : 5

Lot Size : 3,527 Sqft

Year Built : 1962

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Building Information

Year Built: 1962

Building Area Total: 4096

Pool Features: None

Private Pool: No

Lot Information

Main Square Feet: 3527 Lot Size Acres: 0.081 Lot Size Source: Assessor Lot Size Square Feet: 3,527 Lot Description: ZeroToOneUnitAcre

Listing Price Information

Listing Price: $750000

Cash, CashToExistingLoan, CashToNewLoan, Exchange1031

Tax Information

Parcel Number: 5218021017 Tax Lot: 115

Virtual Tour

Virtual Tour (External Link)

Parking Information

Assigned

Location Information

Direction: Eastern & Twining WaterSource: Public

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ByOwner last updated this listing 08/17/2026 @ 01:05

MLS: GD26054047 LISTED BY: David De Anda, Las Casas Realty, Inc. 323-254-2206 SOURCE: CRMLS