3406 8th Ave Santa Monica Home for Sale

A fantastic residential / retail mixed use opportunity exists for the savvy investor located in the Mid City area of Los Angeles at 3406 8^th Ave. This building consists of four retail storefronts and a separate two story duplex. The main building has three storefronts facing Jefferson Blvd two having approximately 600 sq ft each and the third having approximately 1,200 sq ft. A fourth storefront facing 8^th Ave has approximately 1,000 sq ft and was most recently used as a barber shop. All four of the retail units will be delivered vacant!

 

The separate two story duplex consists of two (2bd/1ba) units with faux fireplaces and a bonus room with each unit having approximately 1,200 sq ft. Both units to be delivered vacant. There is no on site parking and the building has a significant amount of deferred maintenance throughout. This investment opportunity is priced to sell at $499,000 and even when factoring in up to $100,000 in upgrades, you are still buying a great opportunity using today's market rents!