3812 E 1st Street, Los Angeles, CA 90063

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
3812 E 1st Street,Los Angeles, CA 90063
$1,249,000
  • - Beds
  • - Baths
  • 6,930 sq. ft.
  • Multi-family
  • Active
Listed by: bret lewis
Office: bret lewis, broker
MLS#:PW25125494
Source:CRMLS

Price summary

  • Price:$1,249,000
  • Price per sq. ft.:$180.23

About this home

Ready-to-build 6-unit cash cow development located in the highly desirable Wellington Heights neighborhood of Boyle Heights. This ground-up construction project is Fully Entitled RTI Shovel Ready and ideal for investors or developers seeking strong rental income in one of Los Angeles' fastest-growing neighborhoods for USC Spanish Style Villas. The project includes three 3-bedroom, 2-bathroom units and three 2-bedroom, 2-bathroom units, all thoughtfully designed and unfurnished. Each unit comes with one dedicated parking space, totaling six parking spots for the entire property. The projected monthly rent is $3,995 for the 3-bedroom units and $3,195 for the 2-bedroom units, generating a total monthly pro forma income of $21,570 and an annual pro forma of $258,840 — offering a compelling yield in a supply-constrained market. Positioned near Monterey Park and Downtown Los Angeles, the site offers unmatched accessibility to major employment centers, transit lines, and amenities.

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Home facts

  • Year built:2025
  • Listing ID #:PW25125494
  • Added:231 day(s) ago
  • Updated:January 23, 2026 at 11:38 AM

Rooms and interior

  • Living area:6,930 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Year built:2025
  • Building area:6,930 sq. ft.
  • Lot area:0.23 Acres

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$1,249,000
  • Price per sq. ft.:$180.23
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