East Los Angeles (ELA) Homes with Mixed Use Subtype

East Los Angeles (ELA) Homes with Mixed Use Subtype

Welcome to East Los Angeles (ELA), a vibrant and culturally rich community nestled in the heart of Los Angeles County, California. Known for its dynamic blend of cultures, ELA boasts a unique tapestry of history, art, and culinary delights that make it a desirable place to call home. With its close proximity to downtown Los Angeles, residents enjoy easy access to an array of entertainment, shopping, and dining options, while still reveling in the charm of a tight-knit community.

One of the standout features of East Los Angeles is its diverse housing market, particularly the availability of homes with a mixed-use subtype. These properties offer a fantastic opportunity for homeowners and entrepreneurs alike, allowing you to live and work in the same space. Imagine waking up in your beautifully designed home and stepping into your own retail shop, café, or studio—all just a few steps away. This flexibility not only enhances your lifestyle but also fosters a sense of community as you engage with your neighbors and local clientele.

The mixed-use homes in ELA are designed to accommodate a variety of business ventures, making them perfect for those looking to blend their professional and personal lives seamlessly. Whether you're an artist seeking a creative space or a small business owner wanting to establish roots in a thriving community, East Los Angeles has something special to offer. With its rich cultural heritage, strategic location, and innovative housing options, ELA is the perfect place to invest in your future. Come explore the possibilities that await you in this charming corner of Los Angeles!

Newest East Los Angeles (ELA) Homes with Mixed Use Subtype

$1,350,000
SB26166189 MLS Active Status
3733 Bostwick Street presents the opportunity to acquire a partially renovated seven-unit multifamily investment consisting of five legal units and two non-conforming units in the highly accessible City Terrace neighborhood of East Los Angeles. Situated on a 5,771 square foot lot, the property contains approximately 3,810 square feet of rentable building area. Renovations have been completed to 71% of the units, allowing investors to benefit from immediate cash flow while completing the remaining value-add opportunities. Offered at a 7.40% Scheduled CAP Rate and 8.39 Scheduled GRM, the property features an attractive unit mix of two studios, one one-bedroom/one-bath unit, and four two-bedroom/one-bath units, including two non-conforming units. Recent capital improvements include new roofs on two of the property's three buildings, reducing near-term capital expenditures while enhancing the property's long-term appeal. Located just minutes from Downtown Los Angeles, the property is surrounded by a dense infill neighborhood with convenient access to restaurants, nightlife, and major employment centers. Within a 10-minute drive of approximately 40 million square feet of office space and offering immediate access to the 5, 10, 60, 101, and 710 Freeways, 3733 Bostwick Street benefits from strong rental demand driven by exceptional regional connectivity and proximity to one of Southern California's largest employment hubs.

3733 Bostwick, East Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.