Active

3501 E 3rd Place

Los Angeles, CA 90063
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Bed 0

Bed

Bath 0

Bath

SqFt5,081

Sqft

4- Unit Income Property with strong in Place Cash Flow - East Los Angeles (90063). (Residential/Commercial) Well- maintained, freshly painted 4 unit income property offering immediate cash flow and long term upside in a high demand rental area. The property consists of a detached 3bed/1bath, (2 units) 2bed/1bath, and a studio, all current occupied. All units are separated addressed, enhancing tenant privacy and operational flexibility. Making it ideal for investors seeking immediate cash flow with minimal vacancy risk and or first time home buyer looking to live in one and profit from the others. All tenants are reported by the seller to be current on rent. Located minutes from DTLA, major freeways, public transportation, employment centers and local amenities. Strong rental demand in the area supports long term appreciation and income growth. **IDEAL FOR BUY AND HOLD INVESTORS, MULTI-GENERATIONAL LIVING, OR OWNER OCCUPANTS SEEKING RENTAL INCOME** CURRENT RENT ROLL: - Main House 326 Velasco Ave 3bed/1bath): $3,000 - 3501 E 3rd (2bed/1) $1,350 - 3501 1/2 E Ave (2bed/1bath) $1,800 -Studio $900 Income: Gross Monthly Income: $7,050 Gross Annual Income: $84,600 **Buyer and buyer's agent to independently verify all information and perform their own due diligence. Listing agent, broker and seller make no warranties or representation.** Photos have been edited to give buyer's a vision and also to remove personal items.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,199,000

AD Id : 74538821

MLS Id : SR26014330

Lot Size : 5,081 Sqft

Living Area Size : 5,081

Year Built : 1961

Garage : 7

County : Los Angeles

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Building Information

    Year Built: 1961 Building Area Total: 5,081
  • Pool Features

    None

    Laundry Features

    None

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1166
  • Lot Size Source: Assessor Lot Size Square Feet: 5081

  • Listing Price Information

    Original List Price: 1,199,000 Listing Contract Date: 2026-01-22
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5179014055

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: BOYH - Boyle Heights Directions: Located in Boyle Heights/East Los Angeles. From major freeways, take I-10 East, exit Indiana St head north, then right on E 3rd Pl. Source Property Type: Residential Income Area: BOYH - Boyle Heights Property SubType: Quadruplex
  • Building and Construction

    Property Age: 65 Common Walls: 2+ Common Walls Structure Type: Quadruplex Year Built Source: Public Records Entry Level: 1 Entry Location: 1 Property Attached: Yes
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1566 Rollins, Los Angeles, CA, 90063 $800,000 8 2 1,820 1,820 SqFt
1460 N Eastern Avenue, Los Angeles, CA, 90063 $899,000 11 -- 2,820 2,820 SqFt
1412 Wybro Way, Los Angeles, CA, 90063 $765,000 2 1 956 956 SqFt
4331 Milburn Drive, Los Angeles, CA, 90063 $875,000 5 -- 1,627 1,627 SqFt
4331 Milburn Drive, Los Angeles, CA, 90063 $875,000 5 -- 1,627 1,627 SqFt
1420 Miller Avenue, Los Angeles, CA, 90063 $820,000 3 2 1,780 1,780 SqFt
4208 Blanchard, Los Angeles, CA, 90063 $585,000 3 1 1,422 1,422 SqFt
1248 N Bonnie Beach Pl, Los Angeles, CA, 90063 $1,055,000 3 3 1,451 1,451 SqFt
1182 N Bonnie Beach, Los Angeles, CA, 90063 $600,000 3 2 968 968 SqFt
1521 N Bonnie Beach, Los Angeles, CA, 90063 $899,999 5 2 2,000 2,000 SqFt

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ByOwner last updated this listing 06/09/2026 @ 09:25

MLS: SR26014330 LISTED BY: Carol Oliva, LPT Realty, Inc 877-366-2213 SOURCE: CRMLS

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