Active
3359 Sierra Street
Los Angeles CA, 90031
$1,199,000
$326.17 per sqft
Active
3,676 sqft
Residential
Built in 1923
Listed by David De Anda with Las Casas Realty, Inc. 626-592-5341
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 cafe. 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!
GD24185164
MLSⓇ ID
September 6, 2024
Listed
December 5, 2024
Updated
Map
3359 Sierra Street
Los Angeles CA, 90031
Interior Features
Total Stories
2
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.15 Acres
Lot Features
0-1 Unit/Acre
Sewer
Public Sewer
Other Property Details
Area Name
679 - Montecito Heights
Days on Market
89
Garage
No
Parking
Concrete
Parking Total
0
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LAR1
Listing Contact: 323-254-2206
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 12/5/2024 at 1:22 PM UTC