CA > Los Angeles
Los Angeles, CA 90063,3412 E 3rd ST
Los Angeles, CA 90063,3412 E 3rd ST
Los Angeles, CA 90063,3412 E 3rd ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,299,000
Est. payment /mo
7,797 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 AR25169483

HOA Y/N No

Year Built 1957

Lot Size 7,797 Sqft

Property Sub-Type Apartment

Property Description

A 5-unit multifamily offering located in Boyle Heights, one of Los Angeles' most historically rich and transit-connected neighborhoods. Just minutes from Downtown LA and the Arts District, this asset provides an opportunity for investors seeking both income and future upside.

The property features a well-balanced unit mix of (2) studio units and (3) two-bedroom, one-bath units, each individually metered for gas and electricity, reducing owner-paid utilities and simplifying operations. Current rental income is below estimated market levels, presenting potential for increased cash flow through light improvements and lease repositioning (buyer to verify rent control and relocation requirements).

Positioned on a ±6,525 SF R2-zoned lot, the site may offer potential for ADU additions, unit expansion, or other zoning-aligned improvements (buyer to conduct their own due diligence with city planning and building departments).

Tenants benefit from convenient access to the Metro Gold Line, major freeways (5, 10, 101), and key employment hubs like Downtown LA, USC Medical Center, and Cal State LA. The surrounding area continues to attract public and private investment, contributing to long-term rental demand and neighborhood stability.

3412 E 3rd Street represents a compelling opportunity for investors to acquire a well-located asset with value-add potential in a high-demand Los Angeles submarket.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Zoning LAR2

Interior

Fireplace No

Laundry None

Exterior

Parking Features Concrete, Driveway

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban

Utilities Available Water Not Available

Total Parking Spaces 5

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water None

New Construction No

Others

Senior Community No

Tax ID 5179013025

Acceptable Financing Cash, Conventional, Owner May Carry

Listing Terms Cash, Conventional, Owner May Carry

Special Listing Condition Standard

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CRMLS – RECore
Listed by Matthew Guerra KW Executive 909-997-9765

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