Properties

Los Angeles, CA 90063 3812 E 1st Street

3812 E 1st Street Los Angeles, CA - Image 1
Presented By: Bret Lewis with Bret Lewis, Broker; 480-225-6616
  • MLS# PW25125494
  • 06/04/2025
  • Get pre-approved
  • Request Tour
  • Request Info
  • Baths • 2
  • SQFT • 6,930

Home Details

Ready-to-build 6-unit cash cow development located in the highly desirable Wellington Heights neighborhood of Boyle Heights. This ground-up construction project is Fully Entitled RTI Shovel Ready and ideal for investors or developers seeking strong rental income in one of Los Angeles' fastest-growing neighborhoods for USC Spanish Style Villas. The project includes three 3-bedroom, 2-bathroom units and three 2-bedroom, 2-bathroom units, all thoughtfully designed and unfurnished. Each unit comes with one dedicated parking space, totaling six parking spots for the entire property. The projected monthly rent is $3,995 for the 3-bedroom units and $3,195 for the 2-bedroom units, generating a total monthly pro forma income of $21,570 and an annual pro forma of $258,840 โ€” offering a compelling yield in a supply-constrained market. Positioned near Monterey Park and Downtown Los Angeles, the site offers unmatched accessibility to major employment centers, transit lines, and amenities. With a high Walk Score of 84, the property sits in a walker's paradise, providing future tenants with convenient access to grocery stores, parks, restaurants, and public transportation โ€” further elevating its long-term rental appeal. This is a rare opportunity to build a high-yield multi-unit property in a rapidly developing pocket of Los Angeles. The project is ready to break groundโ€”bring your team and start building today.
Presented By: Bret Lewis with Bret Lewis, Broker; 480-225-6616

Interior Features for 3812 E 1st Street

Other Interior Features

Air Conditioning Y/NYes
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesSeeRemarks
Total Stories2

Other Rooms

Entry Level1

General for 3812 E 1st Street

AccessibilityParking
Additional Parcels Y/NNo
Building Area UnitsSquareFeet
CityLos Angeles
Community FeaturesSuburban
CoolingCentralAir
CountyLos Angeles
DirectionsIndiana St and 1st St: Head East on 1st St
Entry LocationFront
Garage Spaces
Garage Y/NNo
Gross Income258840
HOANo
HOA Fee$
HeatingCentral
Insurance Expense
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet10084
Lot Size UnitsSquareFeet
MLS AreaC23 - Metropolitan
Net Operating Income
New ConstructionNo
Number Of Units Total6
Number of Units Leased0
Operating Expense0
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot4
Trash Expense0
UtilitiesElectricityAvailable, SewerAvailable, WaterAvailable
ViewNeighborhood
Year Built2025
Year Built SourceAssessor
ZoningLCC3*

Exterior for 3812 E 1st Street

Building Area Total6930
Lot FeaturesZeroToOneUnitAcre, Level, Yard
Lot Size Acres0.2315
Lot Size Area10084
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters6
Private PoolNo
Total Parking0
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,249,000
MLS#PW25125494
List Date 06/04/2025
Property Type Single Family
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
Visit My Website

Similar Properties to 3812 E 1st Street

Contact Us

info@connectrealty.com
2170 Buckthorne PL. #100
The Woodlands, TX 77380
866-938-0924
  • This field is for validation purposes and should be left unchanged.