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Four-Unit Mixed-Use Property

3248 Eastern AVE, Los Angeles, CA 90032

For Sale
$650,000
Pending

Ground-floor storefronts complement two tenant-occupied residences in a flexible mixed-use building.

Property Size4,096 SF
Days on Market243

Property Features for 3248 Eastern AVE

General Information

Standard status Pending
Size 4,096 SF
Property subtype MULTI_FAMILY

Site & Location

Neighborhood El Sereno
Utilities to Site Yes

Units

Unit Mix 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 2

Building Details

Building Size 4,096 SF
Year Built 1962
Buildings 1
Listing Agency: Las Casas Realty, Inc.
Listed By: David De Anda · License #01912935
Source: Milsteinestates
Added: Mar 11 Changed: Oct 31 Last Checked: Nov 6 at 2:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Las Casas Realty, Inc.

Rey
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Investment Insights

Based on property information with market context.

Built in 1962, this approximately 4,000+ SF mixed-use building contains four units arranged across two levels. The ground floor includes two vacant commercial storefronts of approximately 1,000 square feet each, while the upper level contains two occupied residential apartments: one two-bedroom, one-bath unit and one one-bedroom, one-bath unit. The property is being sold with residential tenants in place. Improvements and updating are needed, offering a clear repositioning component for a new owner.

The building has four separate electrical meters and one master water meter. Its combination of neighborhood storefront space and residential occupancy creates a varied-use configuration within a single property. The commercial spaces can accommodate retail, office, or service-oriented operations, subject to applicable requirements.

Key Highlights

  • Approximately 4,000+ Sq Ft mixed‑use building
  • Four total units: two commercial and two residential
  • Two vacant commercial storefronts, approximately 1,000 square feet each

Property Analytics

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Current Use

Veyo Party Supply Party Supply Store

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

876
Businesses Nearby

Demographics for 90032, CA

43,506
Population
14,139
Households
3.1
Avg Household Size
37
Median Age
25%
College-Educated
71%
High-School Grad
4.8 sq mi
ZIP Area
9,064
Density / Sq Mi
$81,563
Median Household Income
$38,223
Median Earnings
$1,571
Median Rent
$780,100
Median Home Value
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Market

Average Price Trend$/SF for Mixed-use properties in Los Angeles, CA

$481 Jul
$439 Aug
$442 Sep
$475 Oct

Properties on Market for Mixed-use properties in Los Angeles

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor storefronts complement two tenant-occupied residences in a flexible mixed-use building.
Where is this mixed-use property located?
The property is located at 3248 Eastern AVE Los Angeles, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Approximately 4,000+ Sq Ft mixed‑use building; Four total units: two commercial and two residential; Two vacant commercial storefronts, approximately 1,000 square feet each
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