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For sale
  • Listing Provided by: 

    Matthew Guerra DRE #02022646 909-997-9765,

    KW Executive

    $1,299,000

    3412 E 3rd St, Los Angeles, CA 90063

    8beds
    5baths
    3,024sqft
    : 
    Multi Family
    Built in 1957
    -- sqft lot
    $1,287,000 Zestimate®
    $430/sqft
    $-- HOA

    What's special

    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.
    4 days
    on Zillow
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    Zillow last checked: 7 hours ago

    Listing updated: July 28, 2025 at 04:27pm

    Listing Provided by:

    Matthew Guerra DRE #02022646 909-997-9765,

    KW Executive

    Source: CRMLS,MLS#: AR25169483MLS LogoOriginating MLS: California Regional MLS
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 3412 E 3rd St.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 5
    Appliances
    • Laundry: None
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 3,024
    • Total interior livable area: 3,024 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Concrete, Driveway
    • Uncovered spaces: 5
    Features
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 7,797 Square Feet
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 5179013025
    • Zoning: LAR2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1957

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: None
    • Utilities for property: Water Not Available

    Community & HOA

    Community
    • Features: Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $430/sqft
    • Date on market: 7/28/2025
    • Listing terms: Cash,Conventional,Owner May Carry
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