$ 699,000
3414 Fowler ST Los Angeles, CA 90063
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$ 699,000
Est. payment /mo
Price Dropped by $51K
3414 Fowler ST Los Angeles, CA 90063
2 Beds
2 Baths
2,568 SqFt
UPDATED:
11/08/2024 08:02 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,568 sqft
Price per Sqft $272
MLS Listing ID 24434885
Bedrooms 2
HOA Y/N No
Year Built 1941
Lot Size 4,843 Sqft
Property Description
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to offer for sale a mixed use two unit commercial building located at 3414 Fowler Street. The subject property is located East of Soto Street and North of the 10 Freeway. The building is within an 8-minute drive to the heart of Downtown Los Angeles, offering a slew of vibrant restaurants, cafes, bars, theaters, grocery stores, gyms, and entertainment choices. The location also provides strong employment drivers like University of Southern California Health Campus, Los Angeles General Medical Center, and East Los Angeles College. Situated on a 4,844 square foot corner lot, the property is comprised of one one-bedroom apartment and a commercial retail unit. The property's retail component serves a lot of the surrounding businesses through its convenient store tenant. There is more than 71% rental upside through interior renovations. 3414 Fowler St presents investors a unique opportunity to attain a rare mixed-use asset in an up-and-coming pocket of East Los Angeles that is a short distance to the most attractive thoroughfare in the submarket. This area is currently undergoing a burgeoning gentrification that will support continued rental growth for a new investor who is looking to capitalize on the value-add potential this asset offers.
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Zoning LCM1*
Interior
Fireplace No
Exterior
Garage None
Parking Type None
Total Parking Spaces 2
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5224015012
Special Listing Condition Standard
Listed by Sean Rosenzweig • Marcus & Millichap