Seller's Agent in 2025
Stelios Zoumberakis
Keller Williams Coastal Prop.
(562) 716-9236
1 in this area
3 Total Sales
3300 E 8th St Los Angeles, CA 90023
Boyle Heights Neighborhood
2
Beds
2
Baths
3,524
Sq Ft
5,950
Sq Ft Lot
About This Home
As of March 2025$275K price update! MOTIVATED SELLERS! 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 of 5,948 square feet, the property comprises two separate buildings—a 2,660-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 generating income from the other, effectively offsetting living expenses.
Priced at $500 per square foot for the residential component, this property is positioned competitively in the market. Its strategic location, with easy access to major transportation routes and proximity to downtown LA, further enhances its appeal. This investment opportunity not only provides immediate returns but also offers a diversified portfolio with long-term appreciation potential. Don't miss the chance to explore the possibilities of this mixed-use gem in Boyle Heights. Contact us today to seize this unique investment opportunity.
Developer? Tier 2 TOC bonus available.
Available separately or concurrently with neighboring property.
Last Agent to Sell the Property
Keller Williams Coastal Prop. Brokerage Email: stelios@szcre.com License #02049494 Listed on: 12/18/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 5,950 Sq Ft Lot
- No Common Walls
- Rectangular Lot
- Level Lot
Home Design
- Entry on the 1st floor
Interior Spaces
- 3,524 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Parking
- 1 Open Parking Space
- 1 Parking Space
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 8
- Tax Tract Number 4447
- Assessor Parcel Number 5190023008
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $2,291
- Other Expense $250
- Operating Expense $21,706
- Gross Income $61,800
- Net Operating Income $39,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 18, 2023
Closed on
Mar 18, 2025
Sold by
Oronoz Michael Anthony and Oronoz Selina
Bought by
Choi Seong Ro
Seller's Agent
Stelios Zoumberakis
Keller Williams Coastal Prop.
List Price
$1,150,000
Sold Price
$850,000
Premium/Discount to List
-$300,000
-26.09%
Views
47
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,404
Avg. Annual Appreciation
0.21%
Original Mortgage
$42,500
Outstanding Balance
$42,319
Interest Rate
6.87%
Estimated Equity
$809,076
Purchase Details
Closed on
Sep 13, 2013
Sold by
Oronoz Michael A and Oronoz Joan
Bought by
Oronoz Michael Anthony and Oronoz Selina
Purchase Details
Closed on
Jun 25, 2003
Sold by
Oronoz Mike A and Oronoz Jo Ann
Bought by
Oronoz Michael A and Oronoz Joann
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $850,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $42,500 | No Value Available | |
| Open | $550,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/28/2025 03/28/25 | Sold | $850,000 | -2.9% | $241 / Sq Ft |
| 04/17/2024 04/17/24 | Price Changed | $875,000 | -23.9% | $248 / Sq Ft |
| 12/18/2023 12/18/23 | For Sale | $1,150,000 | -- | $326 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,105 | $639,889 | $441,305 | $198,584 |
| 2024 | $8,105 | $627,343 | $432,652 | $194,691 |
| 2023 | $7,955 | $615,043 | $424,169 | $190,874 |
| 2022 | $7,598 | $602,984 | $415,852 | $187,132 |
| 2021 | $7,491 | $591,162 | $407,699 | $183,463 |
| 2020 | $7,560 | $585,101 | $403,519 | $181,582 |
| 2019 | $7,274 | $573,629 | $395,607 | $178,022 |
| 2018 | $7,132 | $562,382 | $387,850 | $174,532 |
| 2016 | $6,792 | $540,546 | $372,791 | $167,755 |
| 2015 | $6,696 | $532,428 | $367,192 | $165,236 |
| 2014 | $1,247 | $75,341 | $33,148 | $42,193 |
Source: Public Records
Agents Affiliated with this Home
-
Stelios Zoumberakis
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23227491
APN: 5190-023-008
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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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