3412 E 3rd St - Apartments FOR SALE


Los Angeles, CA 90063- Boyle Heights
$1,299,999 USD
909-997-9765
3412 E 3rd St, Los Angeles, CA for Sale
$1,299,999 USD
Apartments - FOR SALE
1/24
null | 5% Cap Rate

3412 E 3rd St
Los Angeles, CA 90063
Boyle Heights


HIGHLIGHTS

  • Steady upward momentum, especially notable in Studio and 2BR units. Signals growing demand for both entry-level and larger family-sized units.
  • Steps from Gold Line at Pico/Aliso & Indiana stations — A-Line access straight to DTLA, Pasadena & East LA
  • 1957 build = solid bones + ADU/soft-story upside (buyer to verify).
  • Less than 2 mi to USC/L.A. County + USC Med Center expansion — spurring job-driven housing demand.
  • High walk score — residents are steps away from local grocers, taquerias, schools, and cafes.
  • Tenant base = 5 tight-knit units (Studio/2BR), strong pay history & low turnover.

OVERVIEW

Less than 2 mi to USC/L.A. County + USC Med Center expansion — spurring job-driven housing demand. Steps from Gold Line at Pico/Aliso & Indiana stations — A-Line access straight to DTLA, Pasadena & East LA High walk score — residents are steps away from local grocers, taquerias, schools, and cafes. Tenant base = 5 tight-knit units (Studio/2BR), strong pay history & low turnover. R2 zoning + existing 5-unit structure allows for at least one detached ADU and potentially a Junior ADU (JADU), subject to site layout and city review. ADUs built after 2019 are exempt from statewide rent control (AB 1482), enabling full market rent potential. No seismic retrofit obligations apply to this property (per current information), allowing investors to focus capital on income-generating improvements rather than mandated compliance.

FOR SALE DETAILS

PRICE

$1,299,999 USD

PRICE/SF

$430 USD /SF

# OF UNITS

5

PRICE/UNIT

$260,000

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turn-Key Investment Property

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,775 SF

ZONING

R2

APN/PARCEL ID

5179-013-025

ASK ABOUT THIS PROPERTY

Matthew GuerraKW CommercialMore Info
909-997-9765

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Matthew GuerraKW CommercialMore Info
909-997-9765

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.