3583 E 1st, Los Angeles, CA 90063

Property Description

Don't miss this exceptional opportunity to own a versatile mixed-use property in the heart of East Los Angeles, offering tremendous upside potential for investors, developers, and owner users . Run your business and enjoy the comfort of living onsite. perfect for entrepreneurs seeking a live, work lifestyle. Originally built in 1907, this unique property offers approximately 3,306 square feet of combined building area and presents the opportunity to restore its original configuration of three residential units and two street-front retail spaces (buyer to verify with the City of Los Angeles). This flexible layout creates significant income-producing potential in a rapidly improving neighborhood. Property currently feature one extra large store front and 1 Bedroom 1 bath apartment on the second floor The property is located just one building away from a newly developed 66-unit residential project, bringing additional residents, increased foot traffic, and new business opportunities to the area. As the neighborhood continues to grow, the potential for increased property values and stronger rental income makes this an outstanding long-term investment. High visibility location with strong vehicle traffic. Just minutes from Downtown Los Angeles, close access to 5,10,60 and 101 fwy.