3412 E 3rd St Los Angeles, CA 90063
Estimated payment $8,322/month
About This Home
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.
Listing Agent
KW Executive Brokerage Phone: 909-997-9765 License #02022646 Listed on: 07/28/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 7,797 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3,024 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- Parking Available
- Driveway
- Paved Parking
Additional Features
- Exterior Lighting
- Urban Location
- Water Not Available
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 203900
- Assessor Parcel Number 5179013025
- $891 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 5 Units
Building Details
- Rent Control
- Electric Expense $165
- Insurance Expense $1
- Trash Expense $95
- Water Sewer Expense $150
- Operating Expense $23,594
- Gross Income $88,289
- Net Operating Income $64,695
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2025 07/28/25 | For Sale | $1,299,000 | +29.9% | $430 / Sq Ft |
| 09/30/2019 09/30/19 | Sold | $1,000,000 | 0.0% | $331 / Sq Ft |
| 07/30/2019 07/30/19 | Price Changed | $999,999 | 0.0% | $331 / Sq Ft |
| 07/30/2019 07/30/19 | For Sale | $999,999 | +2.1% | $331 / Sq Ft |
| 05/29/2019 05/29/19 | Pending | -- | -- | -- |
| 04/11/2019 04/11/19 | For Sale | $979,000 | -- | $324 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25169483
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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