Four-Unit Mixed-Use
3501 E 3rd, Los Angeles, CA 90063
For Sale
$1,149,000
The occupied property combines commercial and residential space, with each unit assigned a separate address.
Property Size2,747 SF
Price / SF$418.27
Days on Market115
Property Features for 3501 E 3rd
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
LPT Realty, Inc
(818) 297-4205
Listed By:
Carol Oliva · License #02077598
(877) 366-2213
Source:
Middlemanteam
Added: Jul 17
Changed: Nov 7
Last Checked: Nov 7 at 5:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LPT Realty, Inc
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Investment Insights
Based on property information with market context.
This 2,747-square-foot mixed-use property contains four units: one 3-bedroom, 1-bathroom residence, two 2-bedroom, 1-bathroom residences, and a studio. The building dates to 1961, has been freshly painted, and is currently occupied. Separate addresses serve each unit, including a detached residence on Velasco Avenue.
The property is in Boyle Heights, near Downtown Los Angeles, shopping, dining, public transportation, and medical facilities, including Los Angeles General Medical Center. Access to the I-10, I-5, I-710, and US-101 connects the site with other parts of Los Angeles.
The property is in Boyle Heights, near Downtown Los Angeles, shopping, dining, public transportation, and medical facilities, including Los Angeles General Medical Center. Access to the I-10, I-5, I-710, and US-101 connects the site with other parts of Los Angeles.
Key Highlights
- Four‑unit mixed‑use property totaling 2,747 square feet
- Unit mix includes one 3‑bedroom/1‑bath residence, two 2‑bedroom/1‑bath residences, and a studio
- Each unit has a separate address; one residence is detached
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,627
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,112,540
$1.1M
Cap Rate 7%
$794,671
$794.7K
Cap Rate 9%
$618,078
$618.1K
Market Conditions
NOI Build-Up for 2,747 SF
Gross rent
$98.9K $36.00/SF
− Vacancy
−$9.9K −$3.60/SF
EGI
$89.0K $32.40/SF
− OpEx
−$33.4K −$12.15/SF
NOI
$55.6K $20.25/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,112,540
Cap Rate 7%
$794,671
Cap Rate 9%
$618,078
Alternative Uses
Best Use
Multifamily LT 5
$55.65M
$48.70M – $64.93M
NOI $3,895,680 @ 7.0% cap · market cap 339.05%
Second Best
Apartment 5plus
$48.57M
$42.49M – $56.66M
NOI $3,399,561 @ 7.0% cap · market cap 295.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,547
Businesses Nearby
Explore this area
Business Placement
Demographics for 90063, CA
50,227
Population
14,046
Households
3.6
Avg Household Size
34
Median Age
13%
College-Educated
56%
High-School Grad
3.3 sq mi
ZIP Area
15,220
Density / Sq Mi
$71,725
Median Household Income
$33,832
Median Earnings
$1,489
Median Rent
$619,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Los Angeles, CA
Properties on Market for Mixed-use properties in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The occupied property combines commercial and residential space, with each unit assigned a separate address.
Where is this mixed-use property located?
The property is located at 3501 E 3rd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Four‑unit mixed‑use property totaling 2,747 square feet; Unit mix includes one 3‑bedroom/1‑bath residence, two 2‑bedroom/1‑bath residences, and a studio; Each unit has a separate address; one residence is detached
