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3501 E 3rd Place

Los Angeles, CA 90063
  • $1,199,999
  • STATUS: Active
  • ON SITE: 18 Days
  • ID#: SR26014037
UPDATED: 30 min ago
$1,199,999
  • 7
    BEDS
  • 0.12
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,747
    SQFT
  • $437
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1961
County:

School Ratings & Info

School District:

Description

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 $900Income:Gross Monthly Income: $7,050Gross 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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Based on information from CRISNet MLS as of 2026-02-09T15:13:30.84. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2026-02-09T15:13:30.84. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.fasthouseshop.com/homes/172353045
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3501 E 3rd Place Los Angeles, CA 90063

  • Price: $1,199,999
  • Status: Active
  • On Site: 18 Days
  • Updated: 30 min ago
  • ID#: SR26014037
7
Beds
3
Baths
0
½ Baths
0.12
Acres
2,747
SQFT
$437
$/SQFT
1961
Built
Neighborhood:
Boyh - Boyle Heights
County:
Los Angeles
Area:
Boyh - Boyle Heights
School District:
Los Angeles Unified
Property Description
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 $900Income:Gross Monthly Income: $7,050Gross 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.
Exterior Features

Attached Garage YN No Entry Level 1 Entry Location On E 3rd Pl Levels Two Lot Features Corner Lot Parking Features DrivewayGated Parking Total 7.00 Parking YN Yes View See Remarks View YN Yes

Interior Features

Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Fireplace Features See Remarks Fireplace YN Yes Laundry Features None Laundry YN No Main Level Bathrooms 5 Main Level Bedrooms 5 Rooms See Remarks

Property Features

Additional Parcels YN No Association Fee 0.00 Association YN No Common Interest None Community Features SidewalksStreet Lights Land Lease YN No Lease Considered YN No Lot Size Area 5081.0000 Lot Size Source Assessor Lot Size Units Square Feet New Construction YN No Number Of Units Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Property Sub Type Quadruplex Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type Quadruplex Water Source Public

Listing provided courtesy of Carol Oliva, CA DRE# 02077598, of LPT Realty, Inc: .


Based on information from CRISNet MLS as of 2026-02-09T15:13:30.84. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2026-02-09T15:13:30.84. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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