3333 Whittier Boulevard, Los Angeles, CA 90023
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
3333 Whittier Boulevard,Los Angeles, CA 90023
$999,000
- 7 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: ken wong
Office: stigler mortgage
MLS#:CV25264445
Source:San Diego MLS via CRMLS
Price summary
- Price:$999,000
About this home
CAP RATE 5.5%. GRM 14.28. New owner can use the laundary room to increase the CAP RATE to over 6%. The only GEM in the area close to East LA and Downtown with existing cap rate over 5%, not in city terrace with low rental return! Prime development opportunity positioned on a high-visibility corridor with strong traffic counts and long-term growth potential. This property is a rare R3 land which offers an excellent opportunity for developers, builders, and value-add investors seeking to capitalize on a well-located parcel with flexible future use (buyer to verify zoning, density, and permitted uses with the city). The land itself already worth over 900K and planned for multi-familiy. Also, it starts earning rental income from day one with this fully tenant-occupied property while you are waiting for plan check or you want to keep it! Exceptional income-producing property priced below market for a quick sale. This fully tenant-occupied asset offers immediate, stable rental income of approximately $5,600/month All lease are month-to-month lease, making it an ideal opportunity for investors or owner-occupants seeking strong returns. Rent are close to the market but still have room to increase. The property also has a laundry room for extra income. Great value-add opportunity and projected rent can be over $6,700/month. Tenants will be transferred. The property has been professionally managed and well maintained over the past 5 years, with long-term tenants who have consistently paid on time for over a decade. Rents are near market value, with built-in potential for future incr...
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Home facts
- Listing ID #:CV25264445
- Added:239 day(s) ago
- Updated:August 07, 2026 at 02:07 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:3
Heating and cooling
- Cooling:Wall/Window
Structure and exterior
- Levels:Split Level
Finances and disclosures
- Price:$999,000
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