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3359 Sierra Street

Los Angeles (City), CA 90031
  • $1,730,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: 24352077
UPDATED: 36 min ago
$1,730,000
  • 7
    BEDS
  • 0.76
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,676
    SQFT
  • $471
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Maria Sarmiento of Keller Williams Downtown LA (213-797-7000) and Jeffrey Curtis of Keller Williams Downtown LA(213-797-7000)


Description

***TWO APN, MIX USE BUILDING & LAND FOR DEVELOPMENT*** Unlock the Potential of a Prime Investment: Mixed-used property with an Adjoining Lot in a sought after neighborhood of Lincoln Heights. Nestled at 3359 Sierra St, Los Angeles, this mixed-used property unveils a unique investment opportunity. Zoned LAR1, this store and residential building is perfect for someone that wants to live upstairs and work downstairs. The Store building is located in the bottom half and encompasses 1,254 sq. ft., are currently being used as warehouses. The Multi- unit is made up of 3 family residences spanning a 2,428 sq. ft. Two of the rental units are made up of 2 bedroom 1 bath and a bonus room, and one of the family residences is made up of 3 bed 1bath. Great opportunity for immediate rental income or long-term investment!! This mixed-used gem stands as a testament to versatility. In need of some TLC. Adding to its allure is the inclusion of an adjoining lot at 3357 Sierra St, spanning an expansive 17,144 sq. ft. This additional space not only complements the existing mixed- used property, but also opens avenues for potential expansion, landscaping, or even future development, subject to local regulations. Listed with two APNs, $1,700,000 for the mix use building and Land for development is $130,000. Must be sold together. Secure this unique property duo at 3359 and 3357 Sierra St to unlock the full potential of your investment aspirations. Whether you seek immediate returns or envision future development projects, this offering provides a versatile canvas for your real estate goals. Contact us today to delve into the possibilities that await at this distinctive property pair!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-03T14:28:41.297. 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 deemed reliable but is not guaranteed accurate by the MLS or Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
www.briannasellshomes.com/homes/147059622
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3359 Sierra Street Los Angeles (City), CA 90031

  • Price: $1,730,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 36 min ago
  • ID#: 24352077
7
Beds
0
Baths
0
½ Baths
0.76
Acres
3,676
SQFT
$471
$/SQFT
1923
Built
Neighborhood:
677 - Lincoln Hts
County:
Los Angeles
Area:
677 - Lincoln Hts
Property Description
***TWO APN, MIX USE BUILDING & LAND FOR DEVELOPMENT*** Unlock the Potential of a Prime Investment: Mixed-used property with an Adjoining Lot in a sought after neighborhood of Lincoln Heights. Nestled at 3359 Sierra St, Los Angeles, this mixed-used property unveils a unique investment opportunity. Zoned LAR1, this store and residential building is perfect for someone that wants to live upstairs and work downstairs. The Store building is located in the bottom half and encompasses 1,254 sq. ft., are currently being used as warehouses. The Multi- unit is made up of 3 family residences spanning a 2,428 sq. ft. Two of the rental units are made up of 2 bedroom 1 bath and a bonus room, and one of the family residences is made up of 3 bed 1bath. Great opportunity for immediate rental income or long-term investment!! This mixed-used gem stands as a testament to versatility. In need of some TLC. Adding to its allure is the inclusion of an adjoining lot at 3357 Sierra St, spanning an expansive 17,144 sq. ft. This additional space not only complements the existing mixed- used property, but also opens avenues for potential expansion, landscaping, or even future development, subject to local regulations. Listed with two APNs, $1,700,000 for the mix use building and Land for development is $130,000. Must be sold together. Secure this unique property duo at 3359 and 3357 Sierra St to unlock the full potential of your investment aspirations. Whether you seek immediate returns or envision future development projects, this offering provides a versatile canvas for your real estate goals. Contact us today to delve into the possibilities that await at this distinctive property pair!
Exterior Features

Architectural Style Traditional Construction Materials Stucco Entry Location Ground Level w/steps Open Parking Spaces 3 Parking Features AssignedOn Street Parking Total 3 Pool Features None Pool Private YN No Spa Features None Spa YN No View City LightsHills View YN Yes

Interior Features

Cooling None Cooling YN No Flooring Laminate Heating None Heating YN No

Property Features

Association YN No Gross Income 25500 Laundry Features InsideOutside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 58725 New Construction YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays Cable TVElectricityGas Vacancy Allowance Rate 2 Zoning LAR1



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-03T14:28:41.297. 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 deemed reliable but is not guaranteed accurate by the MLS or Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372350700-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372350700-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372350700-2.jpg
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Brianna Miller | Synergy Real Estate
140 N. Harvard Avenue #341
Claremont CA, 91711
Listing Agent(s): Maria Sarmiento of Keller Williams Downtown LA (213-797-7000) and Jeffrey Curtis of Keller Williams Downtown LA(213-797-7000)