CA > Los Angeles
Los Angeles, CA 90063,3812 E 1st ST
Los Angeles, CA 90063,3812 E 1st ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,249,000
Est. payment /mo
10,084 Sqft Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25125494

HOA Y/N No

Year Built 2025

Lot Size 10,084 Sqft

Property Sub-Type Apartment

Property Description

Ready-to-build 6-unit cash cow development located in the highly desirable Wellington Heights neighborhood of Boyle Heights. This ground-up construction project is Fully Entitled RTI Shovel Ready and ideal for investors or developers seeking strong rental income in one of Los Angeles' fastest-growing neighborhoods for USC Spanish Style Villas.

The project includes three 3-bedroom, 2-bathroom units and three 2-bedroom, 2-bathroom units, all thoughtfully designed and unfurnished. Each unit comes with one dedicated parking space, totaling six parking spots for the entire property. The projected monthly rent is $3,995 for the 3-bedroom units and $3,195 for the 2-bedroom units, generating a total monthly pro forma income of $21,570 and an annual pro forma of $258,840 — offering a compelling yield in a supply-constrained market.

Positioned near Monterey Park and Downtown Los Angeles, the site offers unmatched accessibility to major employment centers, transit lines, and amenities. With a high Walk Score of 84, the property sits in a walker's paradise, providing future tenants with convenient access to grocery stores, parks, restaurants, and public transportation — further elevating its long-term rental appeal.

This is a rare opportunity to build a high-yield multi-unit property in a rapidly developing pocket of Los Angeles. The project is ready to break ground—bring your team and start building today.

Location

State CA

County Los Angeles

Area C23 - Metropolitan

Zoning LCC3*

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry See Remarks

Exterior

Pool None

Community Features Suburban

Utilities Available Electricity Available, Sewer Available, Water Available

View Y/N Yes

View Neighborhood

Accessibility Parking

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Level, Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5233017005

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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CRMLS – RECore
Listed by Bret Lewis Bret Lewis, Broker 480-225-6616

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