4620 E 3rd Street, Los Angeles, California 90022, Los Angeles, 90022 - bed, bath

4620 E 3rd Street, Los Angeles, California 90022 home-pic-0
ACTIVE$1,050,000
4620 E 3rd Street, Los Angeles, California 90022
0Bed
0Bath
2,340Sqft
6,845Lot
Year Built
1963
Close
-
List price
$1.05M
Original List price
$1.15M
Price/Sqft
$449
HOA
-
Days on market
-
Sold On
-
MLS number
PW25129435
Home ConditionExcellent
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.05M(50th), sqft - 2340(50th), beds - undefined(50th), baths - undefined(50th).

Run your Business at the store front and rent the Residential three bedroom unit above that with a lot of privacy. The two car garage allows for an ideal owner user as well. The Residence is completely vacant and remodeled. Mixed use property. Seize this exceptional opportunity to own a versatile property perfect for both an owner-operator and an investor! This property boasts a spacious retail storefront —ideal for retail, service, or professional use—with 7-8 parking spaces to ensure easy access for customers and clients alike. The store alone offers a spacious 1,332 sqft. Recently remodeled on the exterior and professionally prepared for sale, the building offers incredible curb appeal in a high-traffic area. Upstairs, you'll find a newly renovated, spacious residential unit featuring slightly over 1,000 sqft, three bedrooms, one full bathroom, an AC window unit, and a washer/dryer in the kitchen. The large 18x17 open patio provides stunning views of the city—perfect for relaxing or entertaining guests. Additionally, there’s a separate two-car detached garage, a sizable backyard area with a large concrete space, ideal for outdoor activities or additional parking. The residential unit will be delivered fully vacant, making it an excellent opportunity for an owner-user or an investor looking to maximize rental income at current market rates. Whether you’re looking to establish a thriving business in a high-visibility location or generate steady rental income from the upstairs unit, this property offers unmatched flexibility and potential. The storefront’s excellent visibility and traffic flow paired with the upstairs living space can be tailored to meet your needs or rented out to help offset your investment. Located in the vibrant heart of East Los Angeles—near the Metro E Line, proximity to the 710 and 60 freeways, local shops, restaurants, and community amenities—this is a rare find for entrepreneurs, investors, or anyone wanting to live and work in the city’s core. With a short distance to nearby communities like San Gabriel Valley, Monterey park, Montebello, and Whittier this offers an opportunity to spend less time on the road. Don’t miss out on this unique opportunity to own a mixed-use property with endless possibilities. Schedule your viewing today!

Price History

Date
Event
Price
08/08/25
Price Change
$1,050,000
06/09/25
Listing
$1,150,000
Condition Rating
Excellent

Despite being built in 1963, the residential unit has been 'newly renovated' and 'remodeled' as stated in the description, which is strongly supported by the images. The kitchen features modern white shaker cabinets, new stainless steel appliances (dishwasher visible), contemporary countertops, and recessed lighting. The flooring throughout the living areas and kitchen appears to be new luxury vinyl plank or laminate, and the bedrooms have clean, new-looking carpet. Walls are freshly painted in a neutral tone. While cooling is provided by an AC window unit rather than central air, the overall aesthetic and condition of the residential unit's interior, including the kitchen, bathrooms (implied by 'newly renovated' for the unit), and finishes, meet current quality standards with virtually new components and no deferred maintenance.
Pros & Cons

Pros

Mixed-Use Income Potential: The property offers a versatile setup with a spacious commercial storefront (1,332 sqft) and a separate 3-bedroom residential unit (1,000+ sqft), ideal for owner-operators or investors seeking dual income streams.
Strategic Location & Accessibility: Situated in a high-visibility, high-traffic area in East Los Angeles, with excellent proximity to the Metro E Line, 710 and 60 freeways, local shops, restaurants, and community amenities.
Recent Renovations & Modern Appeal: Both the exterior and the residential unit have been recently remodeled/renovated, enhancing curb appeal and providing a modern, move-in ready living space.
Abundant Parking & Outdoor Amenities: Features 7-8 commercial parking spaces, a separate two-car detached garage, a sizable backyard area, and a large 18x17 open patio for the residential unit offering city views.
Vacant Residential Unit for Flexibility: The upstairs residential unit will be delivered fully vacant, providing immediate occupancy for an owner-user or the ability to set market-rate rents for an investor.

Cons

Partial Residential Cooling System: The residential unit relies on a single 'AC window unit,' which may not provide adequate or efficient cooling for the entire 1000+ sqft space, especially during hot Los Angeles summers.
Building Age & Potential Infrastructure: Constructed in 1963, the property's age suggests potential for older underlying infrastructure (e.g., plumbing, electrical) that may require future maintenance or upgrades beyond the recent cosmetic remodels.
Recent Price Reduction: The property has undergone a notable price reduction from $1.15M to $1.05M, which could indicate initial overpricing or a longer time on market, potentially impacting buyer perception or negotiation leverage.

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