3412 E 3rd Street, Los Angeles, CA 90063
Local realty services provided by:ERA North Orange County Real Estate
3412 E 3rd Street,Los Angeles, CA 90063
$1,299,000
- 3 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:matthew guerra
Office:kw executive
MLS#:AR25169483
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,299,000
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.
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Home facts
- Listing ID #:AR25169483
- Added:65 day(s) ago
- Updated:October 02, 2025 at 02:09 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
Finances and disclosures
- Price:$1,299,000
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