3501 E 3rd Place
Los Angeles, CA 90063
- Bedrooms
- 7
- Bathrooms
- 3
- Interior
- 2,747 sq ft
- Year Built
- 1961
About this residence
4- Unit Income Property with strong in Place Cash Flow - East Los Angeles (90063). (Residential/Commercial) Well- maintained, freshly painted 4 unit income property offering immediate cash flow and long term upside in a high demand rental area. The property consists of a detached 3bed/1bath, (2 units) 2bed/1bath, and a studio, all current occupied. All units are separated addressed, enhancing tenant privacy and operational flexibility. Making it ideal for investors seeking immediate cash flow with minimal vacancy risk and or first time home buyer looking to live in one and profit from the others. All tenants are reported by the seller to be current on rent. Located minutes from DTLA, major freeways, public transportation, employment centers and local amenities. Strong rental demand in the area supports long term appreciation and income growth. **IDEAL FOR BUY AND HOLD INVESTORS, MULTI-GENERATIONAL LIVING, OR OWNER OCCUPANTS SEEKING RENTAL INCOME** CURRENT RENT ROLL: - Main House 326 Velasco Ave 3bed/1bath): $3,000 - 3501 E 3rd (2bed/1) $1,350 - 3501 1/2 E Ave (2bed/1bath) $1,800 -Studio $900 Income: Gross Monthly Income: $7,050 Gross Annual Income: $84,600 **Buyer and buyer's agent to independently verify all information and perform their own due diligence. Listing agent, broker and seller make no warranties or representation.** Photos have been edited to give buyer's a vision and also to remove personal items.
Property details
- Status
- For Sale
- Property type
- Single-Family Home
- Price per sq ft
- $426/sq ft
- Days on market
- 146 days
- Year built
- 1961
- HOA fee
- $0/mo
- Parking
- 7 spaces
- Furnished
- No
- Waterfront
- No
- MLS number
- SR26014037
Location & neighborhood
3501 E 3rd Place, Los Angeles, CA 90063
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- Principal & interest$5,916
- Property taxes$1,775
- Insurance$488
- HOA / fees$0
Estimate only. Taxes, insurance and HOA are approximate.
Listing courtesy of LPT Realty, Inc · MLS SR26014037. Information deemed reliable but not guaranteed; buyers should independently verify all details.
Equal Housing Opportunity. LA Condo HQ is committed to compliance with all federal, state, and local fair housing laws. We do not discriminate on the basis of race, color, religion, sex, handicap, familial status, national origin, or any other protected class. All measurements, square footage, and financial figures are approximate and provided for informational purposes only.