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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$960,000

Est. payment - /mo

6,076 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25264445

HOA Y/N No

Year Built 1922

Lot Size 6,076 Sqft

Property Sub-Type Triplex

Property Description

CAP RATE 5.5%. New owner can use the laundary room to increase the CAP RATE to over 6%. The only GEM in the area close to East LA and Downtown with existing cap rate over 5%, not in city terrace with low rental return!
Prime development opportunity at 3333 Whittier Blvd—positioned on a high-visibility corridor with strong traffic counts and long-term growth potential.

This property is a rare R3 land which offers an excellent opportunity for developers, builders, and value-add investors seeking to capitalize on a well-located parcel with flexible future use (buyer to verify zoning, density, and permitted uses with the city). The land itself already worth over 900K and planned for multi-familiy. Also, it starts earning rental income from day one with this fully tenant-occupied property while you are waiting for plan check or you want to keep it! Exceptional income-producing property priced below market for a quick sale. This fully tenant-occupied asset offers immediate, stable rental income of approximately $5,600/month All lease are month-to-month lease, making it an ideal opportunity for investors or owner-occupants seeking strong returns. Rent are close to the market but still have room to increase. The property also has a laundry room for extra income. Great value-add opportunity and projected rent can be over $6,700/month. Tenants will be transferred.

The property has been professionally managed and well maintained over the past 5 years, with long-term tenants who have consistently paid on time for over a decade. Rents are near market value, with built-in potential for future increases.

Property Features:

Front home (built in 1923): 3 bedrooms, 1 bathroom

Rear duplex: Two units, each with 2 bedrooms and 1 bathroom

Spacious backyard with convenient alley access

Designated parking for all units

Updated windows and newer water heaters throughout

On-site laundry room offering additional income potential

Recent landscaping improvements including new soil and gardening upgrades

Prime Location:
Convenient access to major freeways including the 5, 10, 60, 710, and 110. Easy commute to downtown via the newly developed 6th Street Bridge. The surrounding area is experiencing strong growth, with multiple mixed-use developments underway.

Additional Notes:
Property is being sold as-is. Information is deemed reliable but not guaranteed. Buyers are encouraged to conduct their own due diligence and consult with professionals.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Zoning LAC1.5

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Dryer, Washer

Laundry Common Area

Exterior

Pool None

Community Features Curbs, Street Lights, Sidewalks, Urban

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Private Pool No

Building

Lot Description Sloped Up

Story 2

Entry Level Multi/Split

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5188004049

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Ken Wong STIGLER MORTGAGE #02241255

NEARBY SCHOOL & BUSINESS

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3333 Whittier BLVD Los Angeles, CA 90023