USACALos Angeles3248 N Eastern Ave
3248 N Eastern Ave | Image 1
New
Open House
3248 N Eastern Ave | Image 2
3248 N Eastern Ave | Image 3
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$750,000

For Sale

12 hours ago

3248 N Eastern Ave, Los Angeles, CA

MLS® GD26054047

0 Bed

0 Bath

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Open House
Sat Mar 14, 8:00-10:00 PM UTC
  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Residential Income
Size -
Garage No
HOA Fees 
Taxes 
Days Active 0
Approx. Age 1962
MLS® Number GD26054047

Property Address: 3248 N Eastern Ave, Los Angeles, CA, 90032-2117

Average square foot calculated using Size range provided by listing agent.

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, 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.
MLS® NumberGD26054047
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelNone
Exposure
Exterior
GarageNo
Approx. Age1962
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 11, 2026List Date
$750,000List Price
  • Commute

Commute

Starting Address
Destination Address
3248 N Eastern Ave, Los Angeles, CA

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