Los Angeles, CA 90031,3359 Sierra ST
Los Angeles, CA 90031,3359 Sierra ST
Los Angeles, CA 90031,3359 Sierra ST
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$1,199,000
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1.15 Acres Lot
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3359 Sierra ST Los Angeles, CA 90031

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UPDATED:

11/11/2024 01:00 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

MLS Listing ID GD24185164

HOA Y/N No

Year Built 1923

Lot Size 1.151 Acres

Property Description

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 café. 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!

Location

State CA

County Los Angeles

Area 679 - Montecito Heights

Zoning LAR1

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Fireplace No

Laundry None

Exterior

Garage Concrete

Pool None

Community Features Valley

Parking Type Concrete

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5207030023

Acceptable Financing Cash, Cash to Existing Loan, Conventional, Contract, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Conventional, Contract, 1031 Exchange

Special Listing Condition Auction


California Regional MLS (CRMLS)
Listed by David De Anda • Las Casas Realty, Inc. • 626-592-5341

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Alyssa Stalker

Agent | License ID: 02029894

+1(805) 796-3496 | alyssastalker@epique.me

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3359 Sierra ST