Prime Investment Opportunity – 3359 & 3357 Sierra St, Los Angeles, CA 90031 Two APNs – Mixed-Use Building & Adjoining Lot for Development Total Building Size: 3,676 sq. ft. (Buyer to verify actual square footage) Combined Lot Size: 50,150 sq. ft. (Buyer to verify actual square footage) 3359 Sierra St: This mixed-use property is zoned LAR1 and offers an vacant ground-floor commercial space currently used as a warehouse, covering 1,254 sq. ft. The upper level consists of three rental units with excellent income potential. Two of the units feature 2 bedrooms and 1 bathroom each, while the third unit includes 3 bedrooms and 1 bathroom. 3357 Sierra St: The adjacent lot is a spacious 17,144 sq. ft., ideal for expansion, landscaping, or future development, subject to zoning regulations. This package deal is perfect for investors looking for both immediate rental income and long-term development opportunities. The mixed-use building needs some TLC but could easily be transformed into a thriving live-work space, storefront, or café. The adjoining lot offers ample room for creative development or enhancements. Total Package: Both properties must be sold together, providing a unique opportunity to maximize your investment. Whether you're seeking rental income, a redevelopment project, or a combination of both, this is your chance to acquire two APNs (5207-030-023 & 5207-030-016) in a prime Los Angeles location. Don't miss out on unlocking the full potential of this investment in one of LA's most vibrant neighborhoods!
Property Details
Property Features
Property Information:
Year Built: 1923
Stories: 2
Listing Office:
Office Name: Las Casas Realty, Inc.
Office Phone: (626) 592-5341
Listing Agent: David De Anda
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Parking: Concrete
Lot Features
Lot Information:
Lot Size: 1.15 Acres
Other
Directions Information:
Directions: Sierra St & Mercury
Price Information
Listing Price Info
Price Summary:
List Price: $1,199,000
Tax Information:
Annual Amount: $10,166
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $175.5K more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #GD24185164
Listing Office:
Office Name: Las Casas Realty, Inc.
Office Phone: (626) 592-5341
Listing Agent: David De Anda
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/14/2024, 11:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$10,166
$772,925
2020
$4,681
$329,688
2019
$4,609
$323,225
2018
$4,368
$316,888
2017
$4,368
$310,675
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Latona Elementary School
4312 Berenice Ave
Distance between this listing and this school0.51 miles
Public District Grades PK-6
5
/10
Huntington Drive Elementary
4435 N Hntngtn Dr
Distance between this listing and this school0.56 miles
Public District Grades KG-6
5
/10
Hillside Elementary
120 E Avenue 35
Distance between this listing and this school0.67 miles
Public District Grades KG-5
Nearby Schools
6
/10
Glen Alta Span School
3410 Sierra St
Distance between this listing and this school0.09 miles
Public District Grades KG-8
5
/10
Florence Nightingale Middle School
3311 N Figueroa St
Distance between this listing and this school1.04 miles
Public District Grades 6-8
6
/10
Arroyo Seco Museum Science
4805 Sycamore Ter
Distance between this listing and this school1.21 miles
Public District Grades KG-8
Nearby Schools
4
/10
Los Angeles Leadership Academy
234 E Avenue 33
Distance between this listing and this school0.56 miles
Public Charter Grades 6-12
2
/10
Pueblo de los Angeles Continuation
2506 Alta St
Distance between this listing and this school0.61 miles
Public District Grades 9-12
6
/10
Lincoln High School
3501 N Broadway
Distance between this listing and this school0.71 miles
The neighbors living near this home have an average income of $60,625. Typical income of Los Angeles, CA residents is less than $35k annually. Most families are married, with kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3359 Sierra St
What is the listing price of this property?
The listing price of 3359 Sierra St property is $1,199,000.
What type of property is this?
The property 3359 Sierra St is a house located in Los Angeles, California, 90031.
Is this property for sale now?
Active Listing: 3359 Sierra St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $10,166 (source: MLS/based on county public records data).
Which year was this property built?
The year of construction for 3359 Sierra St is 1923.
This home is located at 3359 Sierra St in Los Angeles, CA and zip code 90031 in the Northeast LA neighborhood. This home, which was built in 1923, sits on a 1.15 acre lot. It has been listed on Rocket Homes since September 06, 2024 and is currently priced at $1,199,000.
While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.
From Rocket Homes Real Estate and based on county public records data.