3113 N Eastern, Los Angeles, CA 90032

• 2 beds |
• 1 bath

Property Description

***SELLER FINANCING*** Mixed-use investment property ideally positioned in the rapidly evolving El Sereno submarket of Los Angeles. The property consists of one single-family residence (2BR/1BA) with a long-term tenant of 10-years and two street-front commercial units, one in which is currently vacant and the other is occupied with another long-term tenant of 7-years. (Month-to-Month leases) Each unit is individually metered for gas & electricity. Situated on a 6,176 SF lot along Eastern Avenue, the property provides investors and owner-users with the rare opportunity to leverage multiple income streams and explore value-add potential through ADU additions or conversion of commercial units to residential (subject to City of Los Angeles approval). This property offers a variety of income and redevelopment options. significantly increase cash flow and enhance long-term value. There is also a conversion opportunity to transform the existing commercial storefronts into residential spaces, subject to verification with the City of Los Angeles. Alternatively, an investor may choose to hold the property for appreciation, maintaining the current structure while benefiting from the continued upward trajectory of values in one of Los Angeles most promising and emerging neighborhoods. Notably, nearby projectssuch as the 42 single-family homes recently approved at 2520 N Eastern Avenuefurther highlight the strong demand and ongoing redevelopment momentum throughout the El Sereno area. El Sereno is a vibrant and centrally located community within the City of Los Angeles, bordered by Alha

Listing Status:

Active

Listing Office:

MARCUS & MILLICHAP : 909-456-3400

Listing Agent:

Douglas McCauley : 626-695-6776

MLS ID:

CV25251573

Exterior

• Pool: N/K

Location

• Originating MLS: California Regional MLS
• County: Los Angeles

Lot

• Zoning: Public Rec5213039031

Financial

• Source: California Regional MLS

This listing courtesy of Douglas McCauley, MARCUS & MILLICHAP