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.
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.
Property Details
Price:
$750,000
MLS #:
GD26054047
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial/Residential
Neighborhood:
621elsereno
Listed Date:
Mar 31, 2026
Total Sq Ft:
4,096
Lot Size:
3,527 sqft / 0.08 acres (approx)
Year Built:
1962
See this Listing
Schools
Interior
Laundry Features
NO
Exterior
Common Walls
_2CW
Community Features
URB
Financial
Map
Community
- Address3248 Eastern AV El Sereno CA
- CityEl Sereno
- CountyLos Angeles
- Zip Code90032
Market Summary
Current real estate data for Single Family in El Sereno as of Apr 06, 2026
7
Single Family Listed
92
Avg DOM
224
Avg $ / SqFt
$460,500
Avg List Price
Property Summary
- 3248 Eastern AV El Sereno CA is a Single Family for sale in El Sereno, CA, 90032. It is listed for $750,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1962. The average price per square foot for Single Family listings in El Sereno is $224. The average listing price for Single Family in El Sereno is $460,500.
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