Thank you
Stelios Zoumberakis
Keller Williams Coastal Prop.
562-961-1400
$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 studio—a 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. This property offers a unique house-hacking opportunity, allowing residents to live in the comfortable home while benefiting from the immediate income generated by the salon. Furthermore, with the potential for an SBA loan, financing options add an additional layer of appeal for savvy investors. Priced attractively at $500 per square foot for the residential component, this property stands out in the market. Beyond its immediate income potential, the mix of commercial and residential elements positions it as a well-rounded investment with prospects for long-term appreciation. Don't miss the chance to explore this rare mixed-use gem in Boyle Heights. Contact us today to uncover the full potential of this dynamic property—perfect for those seeking a diverse investment portfolio or a distinctive house-hacking opportunity. Developer? Tier 2 TOC bonus available. Available separately or concurrently with neighboring property.
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Water Source : Public
Sewer : Public Sewer
Year Built: 1922
Building Area Total: 2,073
None
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.118
Lot Size Source: Assessor
Lot Size Square Feet: 5139
Original List Price: 675,000
Listing Contract Date: 2023-12-15
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5190023009
Garage Description: None
Lease Term: Negotiable
Tenant Pays: Electricity,Gas
Source Listing Status: Active
Source Neighborhood: BOYH - Boyle Heights
Postal Code Plus 4: 2904
Directions: NW on 8th St from Olympic Blvd
Zoning: LARD1.5
Source Property Type: Residential Income
Area: BOYH - Boyle Heights
Property SubType: Mixed Use
Property Age: 102
Common Walls: No Common Walls
Structure Type: Mixed Use
Year Built Source: Assessor
Entry Level: 1
Entry Location: 1
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
4967 Dartmouth Ave, Los Angeles, CA,90023 | $108,000 | -- | -- | -- | 6878 Sqft |
4963 -4987 Dartmouth Ave, Los Angeles, CA,90023 | $640,000 | -- | -- | -- | 41616 Sqft |
4945 -4953 Dartmouth Ave, Los Angeles, CA,90023 | $350,000 | -- | -- | -- | 19940 Sqft |
5150 Dartmouth Ave, Los Angeles, CA,90023 | $150,000 | -- | -- | -- | 8799.12 Sqft |
3454 Hunter Street, Los Angeles, CA,90023 | $700,000 | -- | -- | 1,700 | 3934 Sqft |
755 S Boyle Avenue, Los Angeles, CA,90023 | $1,989,000 | -- | -- | 9,532 | 6839 Sqft |
945 Record Ave, Los Angeles, CA,90023 | $1,389,888 | 8 | 4 | 3,283 | 5546 Sqft |
3900 Whittier Boulevard, Los Angeles, CA,90023 | $1,499,900 | -- | -- | -- | 11349 Sqft |
705 S Chicago Street, Los Angeles, CA,90023 | $975,000 | -- | -- | 3,135 | 5719 Sqft |
3512 E 7th Street, Los Angeles, CA,90023 | $1,075,000 | -- | -- | 2,592 | 7531 Sqft |
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ByOwner last updated this listing 05/16/2024 @ 04:00
MLS: PW23227505
LISTED BY: Stelios Zoumberakis, Keller Williams Coastal Prop.
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.