Properties

Los Angeles, CA 90063 3501 E 3rd Place

3501 E 3rd Place Los Angeles, CA - Image 13501 E 3rd Place Los Angeles, CA - Image 23501 E 3rd Place Los Angeles, CA - Image 3
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Presented By: Carol Oliva with LPT Realty, Inc; 818-297-4205
  • MLS# SR26014330
  • 01/22/2026
  • Get pre-approved
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  • SQFT • 5,081
  • Garage • 7

Home Details

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.
Presented By: Carol Oliva with LPT Realty, Inc; 818-297-4205

Interior Features for 3501 E 3rd Place

Other Interior Features

Common Walls2+ Common Walls
Laundry FeaturesNone
Total Stories2

Other Rooms

Entry Level1

General for 3501 E 3rd Place

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CityLos Angeles
Community FeaturesCurbs, Street Lights
CountyLos Angeles
DirectionsLocated in Boyle Heights/East Los Angeles. From major freeways, take I-10 East, exit Indiana St head north, then right on E 3rd Pl.
Entry Location1
Garage Spaces7
Garage Y/NYes
Gross Income84600
Insurance Expense2800
Land Lease Y/NNo
Listing TermsCash, Conventional, FHA, Submit, VA Loan
Lot Size Square Feet5081
Lot Size UnitsSquare Feet
MLS AreaBOYH - Boyle Heights
Net Operating Income60600
New ConstructionNo
Number Of Units Total4
Operating Expense24000
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot22
Trash Expense0
Water Sewer Expense0
Year Built1961
Year Built SourcePublic Records

Exterior for 3501 E 3rd Place

Building Area Total5081
Lot FeaturesCorner Lot
Lot Size Acres0.1166
Lot Size Area5081
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters2
Private PoolNo
Total Parking7
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 $1,199,899
MLS#SR26014330
List Date 01/22/2026
Property Type Multi-Family
Phone 888.795.6274
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