$750,000

3248 Eastern Avenue, El Sereno, CA 90032

4,096 sqft

other
Built in 1962
3,528sqft lot
—— car garage
$183/sqft
Listed 22 days ago

Property Description

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.

Listing Status:: Active
Date Added:: March 11, 2026
Data Last Updated:: April 2, 2026 at 6:16AM
Listing Office:: Las Casas Realty, Inc. : 323-254-2206
Listing Agent:: David De Anda : 323-254-2206
MLS ID:: GD26054047

Laundry: None

Pool: None
Parking: AssignedParking spaces: 0

General: 2

Originating MLS: CRMLS_CRM
County: Los Angeles

Zoning: 5218021017

Water: Public
Sewer: Public Sewer

Source: CRMLS_CRM

This listing courtesy of David De Anda , Las Casas Realty, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Farmdale Elementary School

2660 Ruth Swiggett Dr, Los Angeles, CA, 90032

Grades KG-5

0.42 miles away

El Sereno Middle School

2839 N Eastern Ave, Los Angeles, CA, 90032

Grades 6-8

0.23 miles away

Woodrow Wilson High School

4500 Multnomah St, Los Angeles, CA, 90032

Grades 9-12

1.05 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.