Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3Rd St Los Angeles, CA 90063

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,299,000

    Multifamily property in a transit-connected Los Angeles neighborhood.

    Property size:
    3,024 SF
    Lot size:
    0.18 Acres

    Property Features for 3Rd St

    General Information

    Standard status
    Active
    Size
    3,024 SF
    Lot size
    0.18 Acres

    Building Details

    Year built
    1957

    Source: KW EXECUTIVE Agent MATTHEW GUERRA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Five-Unit Multifamily in Boyle Heights

    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.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.246435
    Latitude
    34.049864

    Nearby Similar for Sale

    • $3,099,999
      6,845 SF

      New Construction Fourplex in Mid-City

      Fully leased, high-end fourplex in a desirable Los Angeles location.
      1638 Longwood Ave, Los Angeles, CA 90019
      View Details
    • $1,779,000
      5,218 SF

      New Triplex in Central Los Angeles

      Contemporary triplex near freeways, stadiums, and arenas.
      232 E Gage Ave, Los Angeles, CA 90003
      View Details
    • $1,700,000
      4,631 SF

      Renovated Multifamily Investment Opportunity

      Fully leased, renovated multifamily property in East LA with high cap rate.
      930 Fraser Ave, Los Angeles, CA 90022
      View Details
    • $2,799,000
      7,961 SF

      New Los Angeles Quadruplex Opportunity

      Modern 4-unit property near Downtown Los Angeles with excellent income.
      300 E 25Th St, Los Angeles, CA 90011
      View Details
    • New
      $1,899,000
      3,896 SF

      Remodeled Fourplex in Hollywood Submarket

      Renovated fourplex near LACC, fully leased with stable income.
      801 N Alexandria Ave, Los Angeles, CA 90029
      View Details
    • $2,395,000
      5,927 SF

      Contemporary Fourplex Near Downtown Los Angeles

      Fourplex with modern amenities, ample parking, and convenient location.
      1348 E Vernon Ave, Los Angeles, CA 90011
      View Details

    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 St 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.
    Request Owner's contact information
    3Rd St Los Angeles, CA 90063
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3Rd St
    Los Angeles, CA 90063
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3Rd St Los Angeles, CA 90063
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.