3359 Sierra Street Active

Los Angeles,CA 90031

$ 1199000

7 Beds

3 Baths

- SqFt


Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID GD24185164

Bedrooms 7

HOA Y/N No

Lot Size 1.151 Acres

Property Description

Prime Investment Opportunity 3359 & 3357 Sierra St, Los Angeles, CA 90031 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 caf. 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!
Prime Investment Opportunity 3359 & 3357 Sierra St, Los Angeles, CA 90031 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 caf. 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 Los Angeles (90031)

Zoning Assessor

Building

Story 2

Level or Stories 2 Story

Others

Monthly Total Fees $92

Acceptable Financing Cash,Conventional,Exchange,Land Contract

Space Rent $875

Listing Terms Cash,Conventional,Exchange,Land Contract

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