Active

3248 Eastern Avenue

El Sereno, CA 90032

$750,000 $3,162/Mo

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Overview

Bed

Bath

4,096

Sqft

3,527

Sqft(Lot)

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, presen ting 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.

Property Details

Property Type : Residential Income

Price : $750,000

AD Id : 76062775

MLS Id : GD26054047

Lot Size : 3,527 Sqft

Living Area Size : 4,096

Year Built : 1962

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer

Building Information

Year Built: 1962 Building Area Total: 4,096
Pool Features

None

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.081
Lot Size Source: Assessor Lot Size Square Feet: 3527

Listing Price Information

Original List Price: 750,000 Listing Contract Date: 2026-03-11
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5218021017

Garage and Parking

Garage Description: Assigned

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Cable TV,Electricity,Gas,Trash Collection

Other Property Info

Source Listing Status: Active Source Neighborhood: 621 - El Sereno Directions: Eastern & Twining Source Property Type: Residential Income Area: 621 - El Sereno Property SubType: Mixed Use
Building and Construction

Property Age: 64 Common Walls: 2+ Common Walls Structure Type: Mixed Use Year Built Source: Assessor Entry Level: 2 Entry Location: 4 Property Attached: Yes

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At $183.11 per sq.ft.,this listing is priced below average compared to other homes from El Sereno.

The average homes price in El Sereno is $370202.62 with avg. price / sq.ft of $2102.04.

The average homes price in Los Angeles County is $373818.81 with avg. price / sq.ft of $2100.74.

How much is this property worth?

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
3682 Harriman Avenue #4, El Sereno, CA, 90032	$1,035,000	2	2	1,165	1,165 SqFt

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ByOwner last updated this listing 04/06/2026 @ 19:07

MLS: GD26054047 LISTED BY: David De Anda, Las Casas Realty, Inc. 323-254-2206 SOURCE: CRMLS