600 S Ditman Avenue, Los Angeles, CA 90023
- $799,000
- 4
- BD
- 2
- BA
- 2,224
- SqFt
- List Price
- $799,000
- Price Change
- ▼ $100,000 1782869927
- Status
- ACTIVE
- MLS#
- 26838659
- Year Built
- 1911
- Bedrooms
- 4
- Bathrooms
- 2
- Living Sq. Ft
- 2,224
- Lot Size
- 7,647
- Acres
- 0.18
- Days on Market
- 64
- Property Type
- Multifamily
- Style
- Spanish
- Stories
- One Level
Property Description
This property presents a rare mixed-use investment opportunity featuring 3 units on a single parcel, combining a retail storefront with residential income in a highly desirable East Los Angeles location between the 5 and 60 Freeways. The property consists of a vacant, appx 1,100 SF retail space, a renovated, vacant 2Br+1Ba house of appx. 728 SF, and a 2Br+1Ba apartment that is currently leased at $1,900 per month to a long term tenant. The corner market and the single-family home are currently vacant, offering a new owner the ability to set market rents, reposition the asset, or pursue an ideal owner-user strategy. The store includes a 200 SF walk-in freezer, original shelving, counters, refrigerated cases, small kitchen, storage and bathroom. It presents significant upside potential and flexibility, as this could make a wonderful neighborhood-serving market, or live/work option for a new owner to live in the house and operate their business or creative studio out of the commercial space. The renovated Spanish-style SFR features a charming interior with decorative finishes and a faux fireplace, adding character and warmth that enhances its appeal for either owner occupancy or premium rental potential. The property also includes 4 on-site driveway parking spaces & a detached garage. Positioned in a dense, high-demand rental market with close proximity to major transportation corridors, the asset benefits from strong fundamentals and long-term appreciation potential. Because the property is mixed-use, unfortunately it will not qualify for a FHA or conventional loan.
Additional Information
- Appliances
- Dishwasher, Disposal, Range Hood
- Pool Description
- None
- Fireplace Description
- Decorative, Living Room
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Exterior Construction
- Brick, Stucco
- Patio
- Covered
- Roof
- Composition
- Garage Spaces Total
- 2
- Sewer
- Sewer Tap Paid
- Attached Structure
- Detached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: Dana Coronado (dana@incomepropertiesla.com) from Listing Office: Compass.
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