3812 E 1st Street, Los Angeles, CA 90063
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
3812 E 1st Street,Los Angeles, CA 90063
$1,249,000
- 5 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:bret lewis
Office:bret lewis, broker
MLS#:PW25125494
Source:SANDICOR
Price summary
- Price:$1,249,000
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. With a high Walk Score of 84, the property sits in a walker's paradise, providing future tenants with convenient access to grocery stores, parks, restaurants, and public transportation further elevating its long-term rental appeal. This is a rare opportunity to build a high-yield multi-unit property in a rapidly developing pocket of Los Angeles. The project is ready to break groundbring your team and start building today.
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Home facts
- Listing Id #:PW25125494
- Added:74 day(s) ago
- Updated:August 19, 2025 at 02:01 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
Heating and cooling
- Cooling:Central Forced Air
Finances and disclosures
- Price:$1,249,000
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