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Prime Investment Opportunity – 3359 & 3357 Sierra St, Los Angeles, CA 90031Two APNs – Mixed-Use Building & Adjoining Lot for DevelopmentTotal 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!
Property Type(s):
Residential Income
| Last Updated | 10/7/2024 | Year Built | 1923 |
|---|---|---|---|
| Community | Montecito Heights | County | Los Angeles |
Additional Details
| AREA | Montecito Heights |
|---|---|
| GARAGE | Concrete |
| LOT | 1.15 acre(s) |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| PARKING | Concrete |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
| ZONING | LAR1 |
Location
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Listed with Las Casas Realty, Inc.
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