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For sale
  • Listing Provided by: 

    Bret Lewis DRE #01872524 480-225-6616,

    Bret Lewis, Broker

    $1,249,000

    3812 E 1st St, Los Angeles, CA 90063

    15beds
    12baths
    6,930sqft
    : 
    Multi Family
    Built in 2025
    -- sqft lot
    $1,248,600 Zestimate®
    $180/sqft
    $-- HOA

    What's special

    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.
    57 days
    on Zillow
    |
    98
    |
    8
    |

    Likely to sell faster than

    Zillow last checked: 7 hours ago

    Listing updated: June 16, 2025 at 02:21pm

    Listing Provided by:

    Bret Lewis DRE #01872524 480-225-6616,

    Bret Lewis, Broker

    Source: CRMLS,MLS#: PW25125494MLS 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 3812 E 1st St.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 15
    • Bathrooms: 12
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Laundry: See Remarks
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 6,930
    • Total interior livable area: 6,930 sqft

    Property

    Accessibility
    • Accessibility features: Parking
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Front
    • Pool features: None
    • Has view: Yes
    • View description: Neighborhood
    Lot
    • Size: 10,084 Square Feet
    • Features: 0-1 Unit/Acre, Level, Yard
    Details
    • Parcel number: 5233017005
    • Zoning: LCC3*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 2025

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Sewer Available, Water Available

    Community & HOA

    Community
    • Features: Suburban
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $180/sqft
    • Tax assessed value: $577,833
    • Annual tax amount: $7,686
    • Date on market: 6/5/2025
    • Listing terms: Cash,Cash to New Loan,1031 Exchange
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