UPDATED:
12/05/2024 04:37 AM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD24185164
HOA Y/N No
Year Built 1923
Lot Size 1.151 Acres
Property Description
Two APNs – Mixed-Use Building & Adjoining Lot for Development
Total Building Size: 3,676 sq. ft. (Buyer to verify actual square footage)
Combined Lot Size: 50,150 sq. ft. (Buyer to verify actual square footage)
3359 Sierra St: This mixed-use property is zoned LAR1 and offers an vacant ground-floor commercial space currently used as a warehouse, covering 1,254 sq. ft. The upper level consists of three rental units with excellent income potential. Two of the units feature 2 bedrooms and 1 bathroom each, while the third unit includes 3 bedrooms and 1 bathroom.
3357 Sierra St: The adjacent lot is a spacious 17,144 sq. ft., ideal for expansion, landscaping, or future development, subject to zoning regulations.
This package deal is perfect for investors looking for both immediate rental income and long-term development opportunities. The mixed-use building needs some TLC but could easily be transformed into a thriving live-work space, storefront, or café. The adjoining lot offers ample room for creative development or enhancements.
Total Package: Both properties must be sold together, providing a unique opportunity to maximize your investment.
Whether you're seeking rental income, a redevelopment project, or a combination of both, this is your chance to acquire two APNs (5207-030-023 & 5207-030-016) in a prime Los Angeles location. Don't miss out on unlocking the full potential of this investment in one of LA's most vibrant neighborhoods!
Location
State CA
County Los Angeles
Area 679 - Montecito Heights
Zoning LAR1
Interior
Fireplace No
Laundry None
Exterior
Parking Features Concrete
Pool None
Community Features Valley
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5207030023
Acceptable Financing Cash, Cash to Existing Loan, Conventional, Contract, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Conventional, Contract, 1031 Exchange
Special Listing Condition Auction
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