El Sereno Homes with Mixed Use Subtype

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Newest El Sereno Homes with Mixed Use Subtype

$750,000

GD26054047 MLS ⋅ Active Status

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.

3248 Eastern Avenue, El Sereno

$750,000

GD26016982 MLS ⋅ Active Status

Rare Mixed-Use Investment Opportunity This is a unique opportunity to acquire a mixed-use commercial/residential property that has not been on the market in nearly 40 years. The property consists of four total units: two commercial units on the ground floor and two residential units above. The residential units include: • One 2-bedroom / 1-bath • One 1-bedroom / 1-bath The property is equipped with four separate electrical meters and one water meter. While the building requires improvements, it presents a strong value-add opportunity—truly a diamond in the rough. The property is tenant-occupied, and the owner intends to sell with tenants in place, making it well-suited for an investor seeking immediate income with long-term upside. Please contact the listing agent for additional details and financial information.

3248 Eastern Avenue, El Sereno

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.