3rd Street, Los Angeles, CA 90063

Building Details

Year Built

1957

Listing agent MATTHEW GUERRA License #02022646

Listing office KW EXECUTIVE m***@principlequalityinvestments.com Show Phone

Listing date Jul 29, 2025

Source Corcoran

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Overview

This five-unit multifamily property is located in Boyle Heights, a historically rich and transit-connected neighborhood of Los Angeles, minutes from Downtown LA and the Arts District. The property offers an opportunity for investors seeking income and future upside. It features a balanced unit mix of two studio units and three two-bedroom, one-bath units. Each unit is individually metered for gas and electricity. The current rental income is below estimated market levels, presenting potential for increased cash flow through light improvements and lease repositioning. The property is positioned on a ±6,525 square foot R2-zoned lot, which may offer potential for ADU additions, unit expansion, or other zoning-aligned improvements. Tenants benefit from convenient access to the Metro Gold Line, major freeways (5, 10, 101), and key employment hubs like Downtown LA, USC Medical Center, and Cal State LA. The surrounding area continues to attract public and private investment, contributing to long-term rental demand and neighborhood stability. The property size is 3,024 square feet.

Map

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.246

Latitude

34.0499

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FAQs

What type of property is this?

Apartment building - Multifamily property in a transit-connected Los Angeles neighborhood.

Where is this apartment building located?

The property is located at 3rd Street Los Angeles, CA.

What is the asking price?

The asking price for this property is $1,299,000.

What are key features of this property?

This property features: Prime location in Boyle Heights, minutes from Downtown LA and the Arts District.; Potential for increased cash flow through light improvements and lease repositioning.; Well‑balanced unit mix of (2) studio units and (3) two‑bedroom, one‑bath units.