3501 E 3rd Place, Los Angeles, CA 90063
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
3501 E 3rd Place,Los Angeles, CA 90063
$1,170,000
- 7 Beds
- 3 Baths
- 2,747 sq. ft.
- Multi-family
- Active
Listed by: carol oliva
Office: lpt realty, inc877-366-2213
MLS#:SR26014037
Source:CRMLS
Price summary
- Price:$1,170,000
- Price per sq. ft.:$425.92
About this home
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 $900
Income:
Gross Monthly Income: $7,050
Gross 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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Home facts
- Year built:1961
- Listing ID #:SR26014037
- Added:175 day(s) ago
- Updated:July 09, 2026 at 01:41 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:3
- Full bathrooms:3
- Living area:2,747 sq. ft.
Heating and cooling
- Cooling:Central Air
- Central air:Yes
Structure and exterior
- Year built:1961
- Building area:2,747 sq. ft.
- Lot area:0.12 Acres
- Lot Features:Corner Lot
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,170,000
- Price per sq. ft.:$425.92
Parking
- Total parking spaces:7
- Parking description:Driveway, Gated
- Garage:Yes
- Garage spaces:7
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