3229 N MAIN ST

LOS ANGELES, CA, 90031

$2,999,000

$315 per ft²
$2,999,000
$315 per ft²
Active
Active
 - For Sale
beds
15 Beds
baths
17 Baths
carpenters-square
9,502 ft²
property_type
Multi-family
calendar
Built 1923
Incredible Mixed-Use Opportunity across from Keck USC Hospital and Medical School! Located on one of Lincoln Heights' main thoroughfares, 3229 N Main St features 3 structures. 3229 N Main St which is the brick building of 2 retail stores and six 2nd floor apartments, and two additional buildings on Gates St: a single-family home (3Br+1.5Ba) and 6 (Studio+1Ba) bungalow-style apartments. The SFR has a huge basement + detached garage (with ADU potential). All 3 buildings are on only one APN, and each building has its own water meter. Units are separately metered for gas and electric as well. Ideal purchase for an investor with a vision and understanding of the incredible potential this location offers. Appx 45% rental upside! Contact listing agent for a marketing package with rent roll and financials. This is a fantastic up and coming location directly across from Lincoln Park, Chanos Mexican Restaurant, near the DMV, and much more. HUGE new developments are in progress in the immediate area; this property is poised for long term growth. Easy access to 1-5, 1-10, San Antonio Winery, Broadway, Boyle Heights, El Sereno, Highland Park, and much more. Part of the ground floor retail used to be a bar, and the upstairs units are very spacious and unique. The location is also popular for entertainment filming, and has historically led to thousands of dollars per year in additional income for the owner.
MLS® ID:
22-154675
Listed:
6/8/22
Updated:
8/17/22

Interior Features

Total Bedrooms
15
Total Bathrooms
17
Floor Description
Mixed, Laminate, Carpet
Cooling
Window Unit(s)
Heating
Wall

Exterior/Building Features

Lot Size
9,638 ft² lot
Exterior Features
Brick, Stucco
Architectural Style
Bungalow

School Information

School District
Los Angeles Unified

Other Property Details

Garage
No
Parking
Driveway, Garage - 1 Car
Parking Total
2.0
View
Y
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
LACM
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