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$1,150,000
New Listing

3501 E 3rd
Los Angeles, CA 90063

Mixed Use|Coming Soon
7
Beds
3
Total Baths
3
Full Baths
2,747
SqFt
$419
/SqFt
1961
Built
County:
Los Angeles
Listed by Carol Oliva of LPT Realty, Inc [email protected]

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3501 E 3rd3501 E 3rd3501 E 3rd3501 E 3rd
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Excellent mixed-use for own users and or investment opportunity in the heart of Boyle Heights! This income-producing fourplex features both commercial and residential units, each with its own address, offering flexibility and strong rental appeal. Long-term tenants provide stable income, with the option to deliver the property with or without tenants. Ideal for investors, owner-users looking to live in one unit while generating income from the others, or organizations such as churches, nonprofits, or similar associations seeking a versatile property (buyer to verify all permitted uses with the appropriate authorities). Conveniently located near Downtown Los Angeles, major freeways, shopping, and dining. A rare opportunity to own a flexible, income-producing asset in a high-demand rental market. Well maintained, freshly painted. This property consists of a detached 3beds/1bath, (2 units) 2beds/1bath and a Studio, all current occupied. All units are separated addressed, enhancing tenant privacy and operational flexibility. Excellent for anyone seasoned investor or first time buyer looking to live in one and profit from the other units. All tenants are reported by the seller to be good long tenants. Prime Boyle Heights location just minutes from Downtown Los Angeles with convenient access to the I-10, I-5, I-710, and US-101 freeways, making commuting throughout Los Angeles easy. Close to major employment centers, shopping, dining, public transportation, and medical facilities including Los Angeles General Medical Center (formerly LAC+USC Medical Center). Excellent location with strong rental demand, making this an attractive opportunity for investors and owner-users alike. ** IDEAL TO BUY AND HOLD INVESTORS, MULTI GENERATIONAL LIVING, OR OWNER OCCUPANTS SEEKING RENTAL INCOMES** CURRENT RENT ROLL: Main House 326 Velasco Ave 3bed/1 bath $3,000 3501 E 3rd 2bed/1 bath : $1,300 3501 1/2 E Ave 2bed/1bath $1,800 Studio : $900 Annual Income : $7,050 Gross Annual Income; $84,600 **Buyer and buyer's agent to independly verify all information and perform their own due diligence. Listing agent, broker and seller make no warranties or representation. Photos have been edited to Gove buyers a vision and to remove tenants personal items**

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Listing Snapshot
Price 
$1,150,000
Days On Site 
0 Days
Bedrooms 
7
Inside Area (SqFt) 
2,747 sqft
Total Baths 
3
Full Baths 
3
Partial Baths 
N/A
Lot Size 
0.1166 Acres
Year Built 
1961
MLS® Number 
SR26154374
Status 
Coming Soon
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
8 hours agoListing first seen on site
15 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.1166
Garage 
Yes
Garage Spaces 
7
Land Lease 
No
Levels 
Two
Number Of Stories 
2
Parking Spaces 
7
Property Sub Type 
Mixed Use
Sewer 
Public Sewer
Special Circumstances 
Standard
Water Source 
Public
Interior Features
Cooling 
Central Air
Fireplace Features 
None
Laundry Features 
Electric Dryer HookupGas Dryer Hookup
Main Level Bedrooms 
7
Bedroom 
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Exterior Features
Lot Features 
Corner LotNear Public Transit
Pool Features 
None
View 
None
Waterview 
None
Community Features
Building Access 
Front
Community Features 
CurbsStreet LightsSidewalks
Financing Terms Available 
CashConventionalContract1031 Exchange
MLS Area 
C02 - Beverly Hills Post Office
School District 
Los Angeles Unified
Schools
School District
Los Angeles Unified
Elementary School
Unknown
Middle School
Unknown
High School
Unknown


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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