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Image 1 - 3300 E 8th St, Los Angeles, California, 90023 - House for sale

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Home For Sale In Los Angeles, California

3300 E 8th St, Los Angeles, California, 90023

Home For Sale In Los Angeles, California

house for sale

Listed: 03/07/24

3300 E 8th St, Los Angeles, California, 90023

2 Bed:

2 Bath:

3,524 Sq Ft Living Area:

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Price

$ 1,15M

Price: Increased

About This House

This mixed-use property features a blend of both commercial and residential spaces, making it an attractive prospect for investors seeking a diverse income stream and future growth potential. Boasting a generous lot size of5, 948square feet, the property comprises two separate buildingsa2, 660-square-foot commercial market with a secure five-year lease and a 864-square-foot 2-bedroom/1-bath residence currently on a month-to-month tenancy. The commercial market provides a stable income with a remaining five-year lease, offering investors a reliable return at an attractive 7% cap rate. Meanwhile, the residential unit adds flexibility, allowing for owner occupation, rental, or potential conversion opportunities. This property presents a unique house-hacking opportunity by combining a commercial unit with residential space, allowing owners to live in one while … Full description

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Los Angeles Housing & Living

Average sale prices for houses

1 bed

2 bed

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
Jun 2024	$1,025,928 (-6%)
May 2024	$1,091,525 (-5.4%)
Apr 2024	$1,153,562 (-13.1%)
Mar 2024	$1,327,333 (0%)
Feb 2024	$1,327,333 (0%)
Jan 2024	$1,327,333 (+30.1%)

In June 2024, the asking price for 2 bed houses for sale in/near Los Angeles, United States averaged $1,025,928, a decrease of 6% from the previous month.

Median price trends for properties for sale in Los Angeles, United States as of June 2024.

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.

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