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3359 Sierra St, Los Angeles, CA 90031
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3359 Sierra St Los Angeles, CA 90031

$1,199,000
  • 7 Beds
  • 3 Baths
  • 3,676 Sq.Ft.
For Sale
$1,199,000 Get Pre-Qualified
Map preview of 3359 Sierra St, Los Angeles, CA 90031

Property Overview: 3359 Sierra St Los Angeles, CA has 7 bedrooms, 3 bathrooms, 3,676 living square feet and 50,150 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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!

Listed by David De Anda | BRE #01912935 | Las Casas Realty, Inc.
Last checked: 3 minutes ago | Last updated: September 7th, 2024 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
50,150
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Single Family Home
Status
Active
MLS#
GD24185164
City
Los Angeles
County
Los Angeles
Time on Site
9 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 3
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $875
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $3
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $650
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $3
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $3
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $3
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $3
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $30,300
  • Net Operating Income: $6,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $6,000
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $4,000
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 3359 Sierra St

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Property Details for 3359 Sierra St

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Concrete
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 5207030023
  • Year Built Source: Assessor
  • Entry Level: 2
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Sierra St & Mercury
Neighborhood Information
  • Community Features: Valley
View more facts & features

Local Los Angeles Agent

Sale History for 3359 Sierra St

Last sold on December 2nd, 1994

  • September, 2024

  • Sep 6, 2024

    Date

    Active

    CRMLS: GD24185164

    $1,199,000

    Price

  • April, 2024

  • Apr 9, 2024

    Date

    Canceled

    CRMLS: 24352077

    $1,730,000

    Price

  • Jan 29, 2024

    Date

    Active

    CRMLS: 24352077

    $1,830,000

    Price

  • Listing provided courtesy of CRMLS

    ***TWO APN, MIX USE BUILDING & LAND FOR DEVELOPMENT*** Unlock the Potential of a Prime Investment: Mixed-used property with an Adjoining Lot in a sought after neighborhood of Lincoln Heights. Nestled at 3359 Sierra St, Los Angeles, this mixed-used property unveils a unique investment opportunity. Zoned LAR1, this store and residential building is perfect for someone that wants to live upstairs and work downstairs. The Store building is located in the bottom half and encompasses 1,254 sq. ft., are currently being used as warehouses. The Multi- unit is made up of 3 family residences spanning a 2,428 sq. ft. Two of the rental units are made up of 2 bedroom 1 bath and a bonus room, and one of the family residences is made up of 3 bed 1bath. Great opportunity for immediate rental income or long-term investment!! This mixed-used gem stands as a testament to versatility. In need of some TLC. Adding to its allure is the inclusion of an adjoining lot at 3357 Sierra St, spanning an expansive 17,144 sq. ft. This additional space not only complements the existing mixed- used property, but also opens avenues for potential expansion, landscaping, or even future development, subject to local regulations. Listed with two APNs, $1,700,000 for the mix use building and Land for development is $130,000. Must be sold together. Secure this unique property duo at 3359 and 3357 Sierra St to unlock the full potential of your investment aspirations. Whether you seek immediate returns or envision future development projects, this offering provides a versatile canvas for your real estate goals. Contact us today to delve into the possibilities that await at this distinctive property pair!

  • June, 2021

  • Jun 8, 2021

    Date

    Withdrawn

    CRMLS: DW21059679

    $850,000

    Price

  • Jun 2, 2021

    Date

    Hold

    CRMLS: DW21059679

    $850,000

    Price

  • May 29, 2021

    Date

    Active

    CRMLS: DW21059679

    $850,000

    Price

  • May 6, 2021

    Date

    Hold

    CRMLS: DW21059679

    $850,000

    Price

  • May 1, 2021

    Date

    Active

    CRMLS: DW21059679

    $850,000

    Price

  • Mar 25, 2021

    Date

    Hold

    CRMLS: DW21059679

    $850,000

    Price

  • Mar 22, 2021

    Date

    Active

    CRMLS: DW21059679

    $850,000

    Price

  • Listing provided courtesy of CRMLS

    Investment Opportunity. 5 Units available For Sale In Lincoln Heights, Ca. The property consists of 2, Two bedroom, One bath Unit, 1, Detached Three bedroom, One bath Unit and 2 Commercial Warehouse Units that can be delivered vacant at COE. The lot measures 33,030 Sqft. This a great cash flow opportunity/Development Opportunity. The lot next door is not included in this sale (APN 5207-030-016), it measures over 17,000 Sqft and could be sold with the right offer.

  • January, 2013

  • Jan 5, 2013

    Date

    Expired

    CRMLS: Y49001

    $649,900

    Price

  • Jul 14, 2005

    Date

    Active

    CRMLS: Y49001

    $649,900

    Price

  • Listing provided courtesy of CRMLS

    TWO SEPERATE BUILDINGS. FROMT BUILDING HAS A TWO STORY STREET LEVEL BUILDING. TWO STORES ON THE BOTTOM. CLOSED DUE TO CHANGE IN ZONING. UPPER LEVEL CONSISTS OF TWO UNITS 2BED 1BATH EACH. REAR UNITS 3BED 1BATH. DETETCHED FROM THE TWO STORY BUILDING. THIS PROPERTY HAS TWO LOTS OF OVER 17,000SQFT EACH. TOGETHER WITH THESE THREE UNITS THERE IS A COMPLETELY SEPERATE LOT WITH A TOTAL SQUARE FOOTAGE OF 17,102. APN#: 5207-030-016

  • January, 2013

  • Jan 5, 2013

    Date

    Expired

    CRMLS: Y47253

    $650,000

    Price

  • Mar 30, 2005

    Date

    Active

    CRMLS: Y47253

    $650,000

    Price

  • Listing provided courtesy of CRMLS

    TWO SEPERATE BUILDINGS. FRONT BUILDING HAS A TWO STORY STREET LEVEL BUILDING. TWO STORES ON THE BOTTOM. CLOSED DUE TO CHANGE IN ZONING. UPPER LEVEL CONSISTS OF TWO UNITS 2 BED 1 BATH EACH. REAR UNIT 3 BED 1 BATH. DETATCHED FROM THE TWO STORY BUILDING. THIS PROPERTY HAS TWO LOTS OF OVER 17,000 SQFT EACH. TOGETHER WITH THESE THREE UNITS THERE IS A COMPLETELY SEPERATE LOT WITH A TOTAL SQUARE FOOTAGE OF 17,102. APN#5207-030-016. LAR1 ZONING.

  • December, 1994

  • Dec 2, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3359 Sierra St

Assessed Value (2020): $329,688
Year Land Value Improved Value Assessed Value
2020 $235,494 $94,194 $329,688

Home Value Compared to the Market

This property vs the competition

3359 Sierra St is listed 0.08% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $766 and this home is listed at $326.17 per/sqft which puts the price per square foot 57.42% lower than the median price per square foot for the city of Los Angeles.

About 3359 Sierra St

Detailed summary of property

3359 Sierra St is a single family home located in Los Angeles, CA 90031 and is currently for sale. This house offers 7 bedrooms, 3 bathrooms, roughly 3,676 living square feet, and sits on an approximately 50,150 square foot lot. 3359 Sierra St was first listed on ArdentRealEstateGroup.com on September 6, 2024. The homeowner is currently asking $1,199,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $766. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 0.08% lower than the median priced home. Local competing homes currently for sale include 363 W Avenue 42, 358 S Avenue 52 and 3703 Harriman Avenue. While the average home in Los Angeles, CA is selling in 104 days, 3359 Sierra St has a days on market of 9 days. There are currently 4084 homes for sale in the Los Angeles real estate market and 2797 of them are single family homes while 1162 of them are condos and 119 are townhomes. For more information on this home for sale at 3359 Sierra St Los Angeles, CA 90031 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3359 Sierra St

Public county record property details
Beds
1
Baths
1
Year built
1923
Sq. Ft.
2,440
Lot Size
33,030
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
17,18
APN
5207-030-023

The source for these homes facts are from public records.

90031 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$849,000
Median List Price/Sq.Ft.
$701
Median Sold Price
$825,000
Median Sold Price/Sq.Ft.
$628
Total Inventory
38
Median Sale to List Price %
99.64%
Avg Days on Market
42
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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