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 rich history and diverse population, ELA is a tapestry woven from various cultures, offering an eclectic mix of culinary delights, artistic expressions, and community events that reflect its unique heritage. This dynamic region is not just a place to live; it's a lifestyle steeped in tradition and modernity.

One of the standout features of East Los Angeles is the availability of homes with mixed-use subtypes. These properties are perfect for those looking to blend residential comfort with entrepreneurial spirit. Imagine living just steps away from your café, boutique, or art studio! The mixed-use homes in ELA provide the perfect opportunity for creative professionals and business owners to thrive in an environment that encourages innovation and community engagement.

The charm of East Los Angeles extends beyond its homes; the area is well-connected with public transportation, making commuting to downtown Los Angeles and surrounding areas a breeze. Residents can enjoy a variety of parks, schools, and community centers, fostering a sense of belonging and connection.

Whether you're looking to invest in a mixed-use property or settle into a community that celebrates diversity, East Los Angeles offers a unique blend of opportunity and lifestyle. Experience the warmth of its neighborhoods, the rhythm of its streets, and the promise of a bright future in this exceptional part of California. Discover your dream home in ELA today!

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.