$1,170,000
For Sale by Owner $426/sq ft
Listed 6 months ago

7BR Multi-Family for Sale in Los Angeles, CA

3501 E 3rd Pl, Los Angeles, CA 90063
7 Beds
3 Bath
2,747 sq ft
Built 1961
PropSlick Verified Data Key facts & insights for this exact address
$426
Price / sq ft
1961
Year Built
$12,375
Property Tax / yr
5,079 sf
Lot Size
7
Garage Spaces
Los Angeles
County

Key Facts

Property TypeMulti-Family
Year Built1961
Square Footage2,747 sq ft
Lot Size5,079 sq ft
Garage Spaces7
Annual Property Tax$12,375
Price / SqFt$426

Property Description

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.

Listing description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.

Amenities and Features

Air Conditioning

Property Location

Map shows approximate location. Exact address provided to serious inquirers upon contact.

Property Research
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