3501 E 3rd
Los Angeles, CA, 90063 $ 1,150,000
Bedrooms7 Baths3.0 Sq 2,747 Monthly Estimate*
$ 7,261
Listed by LPT Realty, Inc
for $1,150,000 with 7 bedrooms and 3 full baths. This 2,747 square foot building was built in 1961 on a lot size of 0.1166.
Excellent mixed-use for own users and or investment opportunity in the heart of Boyle Heights! This income-producing fourplex features both commercial and residential units, each with its own address, offering flexibility and strong rental appeal. Long-term tenants provide stable income, with the option to deliver the property with or without tenants. Ideal for investors, owner-users looking to live in one unit while generating income from the others, or organizations such as churches, nonprofits, or similar associations seeking a versatile property (buyer to verify all permitted uses with the appropriate authorities). Conveniently located near Downtown Los Angeles, major freeways, shopping, and dining. A rare opportunity to own a flexible, income-producing asset in a high-demand rental market. Well maintained, freshly painted. This property consists of a detached 3beds/1bath, (2 units) 2beds/1bath and a Studio, all current occupied. All units are separated addressed, enhancing tenant privacy and operational flexibility. Excellent for anyone seasoned investor or first time buyer looking to live in one and profit from the other units. All tenants are reported by the seller to be good long tenants. Prime Boyle Heights location just minutes from Downtown Los Angeles with convenient access to the I-10, I-5, I-710, and US-101 freeways, making commuting throughout Los Angeles easy. Close to major employment centers, shopping, dining, public transportation, and medical facilities including Los Angeles General Medical Center (formerly LAC+USC Medical Center). Excellent location with strong rental demand, making this an attractive opportunity for investors and owner-users alike. ** IDEAL TO BUY AND HOLD INVESTORS, MULTI GENERATIONAL LIVING, OR OWNER OCCUPANTS SEEKING RENTAL INCOMES** CURRENT RENT ROLL: Main House 326 Velasco Ave 3bed/1 bath $3,000 3501 E 3rd 2bed/1 bath : $1,300 3501 1/2 E Ave 2bed/1bath $1,800 Studio : $900 Annual Income : $7,050 Gross Annual Income; $84,600 **Buyer and buyer's agent to independly verify all information and perform their own due diligence. Listing agent, broker and seller make no warranties or representation. Photos have been edited to Gove buyers a vision and to remove tenants personal items**
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FeaturesGeneralLiving Area 2747
Sewer Public Sewer
Cooling Central Air
HOA Fee 0
Garage Spaces 7
Pool Features None
Year Built 1961
View None
Stories Count 2
Levels Two
Property Subtype Mixed Use
Community Features Curbs Street Lights Sidewalks
County Los Angeles
New Construction false
Property Type Residential
HOA false
Attached Garage false
Garage Y/N true
Full Baths 3
Special Listing Conditions Standard
Status Coming Soon
Directions Located in Boyle Heights/East Los Angeles From I-10 E. take Indiana St exit head N then turn R onto E 3rd Place
City Los Angeles
Entry Location Front
Senior Community Y/N false
High School District Los Angeles Unified
Number Of Units Total 4
MLS Area C02 - Beverly Hills Post Office
Lot Size Units Square Feet
Lot Size Square Feet 5081
Listing Terms Cash Cash to Existing Loan Cash to New Loan Conventional Contract 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Additional Parcels Y/N false
Lease Considered Y/N false
Structure Type Mixed Use
Living Area Units Square Feet
Standard Status Coming Soon
Occupancy Type Tenant
Year Built Source Public Records
Tax Lot 22
Property Sub Type Additional Mixed Use
Expected Active Date 2026-07-17
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InteriorInterior Amenities Bedroom on Main Level
Fireplace Features None
Total Stories 2
Common Walls 1 Common Wall
Air Conditioning Y/N true
Fireplace Y/N false
Laundry Features Electric Dryer Hookup Gas Dryer Hookup
Total Bedrooms 7
Entry Level 1
Main Level Bedrooms 7
Main Level Bathrooms 3
Total Baths 3
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ExteriorLot Features Corner Lot Near Public Transit Walkstreet
Water Source Public
Total Parking 7
Lot Size Area 5081
Lot Size Acres 0.1166
Private Pool false
Lot Size Source Assessor
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* Excluded FeaturesList Bycarolsellshomes378@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,261
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyCommerical listings in Los Angeles, CA
Average List Price $2,698,407
Percent of Sale Price 135%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/15/2026 | $1,150,000 | | Listed Price |