3rd Street Los Angeles, CA 90063
Multifamily property in a transit-connected Los Angeles neighborhood.
Type:Commercial
Property size:
3,024 SFLot size:
0.18 AcresPrice / SF:
$429/SF- Added:
- Jul 29, 2025
- Days on Market:
- 275
- Last Refresh:
- Apr 5 at 8:16 pm
Property Features for 3rd Street
General Information
- Standard status
- Active
- Size
- 3,024 SF
- Lot size
- 0.18 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing agent MATTHEW GUERRA License #02022646
Listing office KW EXECUTIVE (626) 594-4901
Listing date Jul 29, 2025
Source Corcoran
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 KW EXECUTIVE
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
- -118.246
- Latitude
- 34.0499
Nearby Similar for Sale
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.
