3501 E 3rd Place Los Angeles, CA $ 1,999,999
3501 E 3rd Place
$ 1,999,999
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3501 E 3rd Place

Los Angeles, CA, 90063
$ 1,999,999
Baths0.0 Sq 5,081

Monthly Estimate*

$ 12,314

Listed by LPT Realty, Inc
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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,999,999. This 5,081 square foot home was built in 1961 on a lot size of 0.1166.

4- Unit Income Property with strong in Place Cash Flow - East Los Angeles (90063). (Residential/Commercial) Well- maintained, freshly painted 4 unit income property offering immediate cash flow and long term upside in a high demand rental area. The property consists of a detached 3bed/1bath, (2 units) 2bed/1bath, and a studio, all current occupied. All units are separated addressed, enhancing tenant privacy and operational flexibility. Making it ideal for investors seeking immediate cash flow with minimal vacancy risk and or first time home buyer looking to live in one and profit from the others. All tenants are reported by the seller to be current on rent. Located minutes from DTLA, major freeways, public transportation, employment centers and local amenities. Strong rental demand in the area supports long term appreciation and income growth. **IDEAL FOR BUY AND HOLD INVESTORS, MULTI-GENERATIONAL LIVING, OR OWNER OCCUPANTS SEEKING RENTAL INCOME** CURRENT RENT ROLL: - Main House 326 Velasco Ave 3bed/1bath): $3,000 - 3501 E 3rd (2bed/1) $1,350 - 3501 1/2 E Ave (2bed/1bath) $1,800 -Studio $900 Income: Gross Monthly Income: $7,050 Gross Annual Income: $84,600 **Buyer and buyer's agent to independently verify all information and perform their own due diligence. Listing agent, broker and seller make no warranties or representation.** Photos have been edited to give buyer's a vision and also to remove personal items.

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Multi-Family Active

Price

$ 1,999,999

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1166

Year Built

1961

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SR26014330

Days on Market

8

Features
General
Sewer Public Sewer
Garage Spaces 7
Pool Features None
Year Built 1961
Property Subtype Quadruplex
Gross Income 84600
Community Features Curbs Street Lights
County Los Angeles
Net Operating Income 60600
Operating Expense 24000
Insurance Expense 2800
New Construction false
Property Type Residential Income
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Located in Boyle Heights/East Los Angeles. From major freeways take I-10 East exit Indiana St head north then right on E 3rd Pl.
City Los Angeles
Entry Location 1
Senior Community Y/N false
Number Of Units Total 4
MLS Area BOYH - Boyle Heights
Lot Size Units Square Feet
Lot Size Square Feet 5081
Listing Terms Cash Conventional FHA Submit VA Loan
Property Attached Y/N true
Land Lease Y/N false
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 22
Property Sub Type Additional Quadruplex
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Interior
Total Stories 2
Common Walls 2+ Common Walls
Laundry Features None
Entry Level 1
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Exterior
Lot Features Corner Lot
Water Source Public
Total Parking 7
Lot Size Area 5081
Number of Buildings 2
Building Area Total 5081
Lot Size Acres 0.1166
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded Features
List By
Lpt Realty, Inc

Broker

carolsellshomes378@gmail.com

Email

Affordability Calculator

$12,314
Per Month
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Monthly Principal & Interest
$12,314
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/24/2026$1,999,999 Listed Price

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3501 E 3rd Place, Los Angeles, CA, 90063 is a Multi-Family Home for sale at $1,999,999 with 5,081 sqft and a lot size of 0.1166. 3501 E 3rd Place is a studio with 0.0 baths and was built in 1961. The property's zip code is 90063 which is in Los Angeles, CA