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.
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
Est.:
Multi Family
Built in 2025
-- sqft lot
$1,248,600 Zestimate®
$180/sqft
$-- HOA
What's special
- 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#: PW25125494
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: 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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