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.
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
Est.:
Multi Family
Built in 1957
-- sqft lot
$1,287,000 Zestimate®
$430/sqft
$-- HOA
What's special
- 4 days
- on Zillow |
- 85 |
- 4 |
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#: AR25169483
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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