3812 E 1st St Los Angeles, CA 90063
Estimated payment $7,367/month
Highlights
- Private Yard
- Neighborhood Views
- Accessible Parking
- No HOA
- Laundry Room
- Central Heating and Cooling System
About This Home
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.
Listing Agent
Bret Lewis, Broker Brokerage Phone: 480-225-6616 License #01872524 Listed on: 06/05/2025
Property Details
Home Type
- Apartment
Year Built
- Built in 2025
Lot Details
- 10,084 Sq Ft Lot
- No Common Walls
- Level Lot
- Private Yard
- Density is up to 1 Unit/Acre
Home Design
- Entry on the 1st floor
Interior Spaces
- 6,930 Sq Ft Home
- 2-Story Property
- Neighborhood Views
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Additional Features
- Accessible Parking
- Suburban Location
- Central Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 4 / G
- Tax Tract Number 1815
- Assessor Parcel Number 5233017005
- $825 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 6 Separate Water Meters
- Gross Income $258,840
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,686 | $589,389 | $439,540 | $149,849 |
| 2024 | $7,686 | $577,833 | $430,922 | $146,911 |
| 2023 | $7,555 | $566,504 | $422,473 | $144,031 |
| 2022 | $7,197 | $555,397 | $414,190 | $141,207 |
| 2021 | $7,114 | $544,508 | $406,069 | $138,439 |
| 2019 | $6,893 | $528,360 | $394,026 | $134,334 |
| 2018 | $6,775 | $518,000 | $386,300 | $131,700 |
| 2016 | $3,401 | $241,233 | $168,811 | $72,422 |
| 2015 | $3,349 | $237,611 | $166,276 | $71,335 |
| 2014 | $3,351 | $232,957 | $163,019 | $69,938 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/05/2025 06/05/25 | For Sale | $1,249,000 | +141.1% | $180 / Sq Ft | |
| 12/28/2017 12/28/17 | Sold | $518,000 | -13.7% | $327 / Sq Ft | View Prior Sale |
| 11/17/2017 11/17/17 | Pending | -- | -- | -- | |
| 10/18/2017 10/18/17 | For Sale | $600,000 | -- | $379 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $518,000 | Stewart Title | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Individual Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $388,000 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25125494
APN: 5233-017-005
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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