3248 N Eastern Ave Los Angeles, CA 90032
El Sereno NeighborhoodAbout This Home
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.
Listing Agent
Las Casas Realty, Inc. Brokerage Phone: 626-592-5341 License #01912935 Listed on: 03/11/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 3,527 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Property Attached
- Entry on the 2nd floor
Interior Spaces
- 4,096 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Parking
- Parking Available
- Assigned Parking
Location
- Urban Location
Listing and Financial Details
- Tax Lot 115
- Tax Tract Number 3385
- Assessor Parcel Number 5218021017
- $4,660 per year additional tax assessments
Community Details
Overview
- 4 Units
Building Details
- 2 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $6,000
- Water Sewer Expense $1,800
- Operating Expense $6,800
- Gross Income $4,000
- Net Operating Income $4,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/11/2026 03/11/26 | For Sale | $750,000 | -- | $183 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Gift Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD26054047
APN: 5218-021-017
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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