3412 E 3rd Street Los Angeles, CA $ 1,225,000
3412 E 3rd Street
$ 1,225,000
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3412 E 3rd Street

Los Angeles, CA, 90063
$ 1,225,000
Bedrooms2 Baths1.0 Sq 3,024

Monthly Estimate*

$ 8,557

Listed by EXP REALTY
3412 E 3rd Street, Los Angeles, CA 90063 - Image 1
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Multi-Family Home for sale in Los Angeles, CA

for $1,225,000 with 2 bedrooms and 1 full bath. This 3,024 square foot home was built in 1957 on a lot size of 0.1785.

TURNKEY PROPERTY!!! This is a 5-unit building consisting of a desirable mix of three spacious 2 bed / 1 bath units and two comfy studios with on-property parking for each unit. The property has beautiful interior and exterior renovations recently made and represents pride of ownership. Improvements include but not limited to, Double-Pane Windows, Copper Pipe Plumbing, Split Duct Air Conditioning System, Granite Kitchen and Bathroom Countertops, Tile Bathroom Walls, Tile Flooring for Kitchen and Bathrooms, Vinyl Flooring for Living and Bedrooms, Kitchen Cabinets, New Stoves, New Toilets, Water Heaters, Interior and Exterior Painting. Located near major employment centers in Downtown Los Angeles and has direct access to the iconic Arts District via the historic 4th Street Bridge and recently opened 6th Street Viaduct. This location is well positioned in the gentrifying area of Boyle Heights and offers dominant access to entertainment and food possibilities. For the investor, there is tremendous upside potential in rents with access to the 5, 10, 60, and 101 freeways within minutes. This represents a significant opportunity to maximize income in a high demand area that is constantly improving. PLEASE DO NOT DISTURB TENANTS!!

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Multi-Family Active

Price

$ 1,225,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.1785

Year Built

1957

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

WS24084032

Days on Market

13

Features
General
Sewer PublicSewer
Heating Ductless
Cooling Ductless
Zoning LAR2
HOA 0.0
Garage Spaces 0.0
Pool Features None
Security Features CarbonMonoxideDetectors SmokeDetectors
Year Built 1957
Stories 2
Levels Two
Property SubType Apartment
Gross Income 87000.0
Community Features StreetLights Sidewalks
County Los Angeles
Net Operating Income 63524.0
Operating Expense 24739.0
Insurance Expense 2468.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency Property is Sold As-Is. No credits or Repairs will be completed by the seller. Seller has completed work in all units please see list in Supplements. Long Term tenants that pay on time. For copy of
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Cross Streets: S Lorena Street & 3rd Street
City Los Angeles
Disclosures PrincipalisRealEstateLicensed RentControl
Entry Location Separate Entry
View Y/N N
Senior Community Y/N N
Open Parking Spaces 5.0
Total Units 5
MLS Area BOYH - Boyle Heights
Lot Size Square Feet 7775.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 5
Street Name 3rd
Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Fuel Expense 0.0
Property Condition UpdatedRemodeled
Trash Expense 292.0
Water Sewer Expense 3219.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 3
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 5
Total Actual Rent 88236.0
Property Sub Type Additional Apartment
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Exterior
Parking Features Assigned Concrete
Lot Features Item25UnitsAcre FrontYard Paved RectangularLot
Water Source Public
Total Parking 5.0
Lot Size Area 7775.0
Foundation Details Raised
Number of Buildings 1
Spa N
Building Area Total 3024.0
Lot Size Acres 0.1785
Lot Size Units SquareFeet
Lot Size Source PublicRecords
Number of Separate Water Meters 1
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features DoublePaneWindows
Fireplace Y/N N
Street Suffix Street
Laundry Features WasherHookup GasDryerHookup
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 3412
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* Excluded Features
List By
Exp Realty

Broker

(626) 320-2382

Phone

Affordability Calculator

$8,557
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,557
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% 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.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/27/2024$1,225,000 Listed Price

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3412 E 3rd Street, Los Angeles, CA, 90063 is a Multi-Family Home for sale at $1,225,000 with 3,024 sqft and a lot size of 0.1785. 3412 E 3rd Street has 2 bedrooms, 1.0 baths, and was built in 1957. The property's zip code is 90063 which is in Los Angeles, CA