1815 E 3rd, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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1815 E 3rd
Los Angeles, California 90033
ACTIVE
CONDITION: POOR
0Beds
0Baths
3Sq Ft
7,789Lot Size
Property Price
LIST PRICE$965,990
EST. MARKET VALUE
$938,117
SUMMARY
This triplex represents a High-Potential Investment Opportunity with a List Price of $990,000—positioned above the $954,924 Fair Market Value. While the property requires significant capital expenditure due to its Condition Rating of 5, the 7,789 square foot lot and Detached Unit Configuration provide a strong foundation for value-add strategies. The central Boyle Heights location offers high rental demand, making this a strategic acquisition for Buy-and-Hold Investors or experienced developers looking to modernize aging infrastructure and maximize long-term yield.
Estimated Market Value
$938,117
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1815 E 3rd Subject | $965,990* List Price | 0 | 0 | 3 | $312,706 | - |
A 2742 Cincinnati Active | $949,000 List Price | 0 | 0 | 3 | $316,333 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1924 with no evidence of major renovations in over 30 years. The kitchen features dated cabinetry and tile, while the living areas rely on wall heaters and portable AC units rather than modern central HVAC. The property shows significant wear and requires a full rehab to address outdated systems and finishes.
PROSSTRENGTHS & OPPORTUNITIES
- Detached Unit Configuration
The property features three separate buildings on a single lot, providing tenants with enhanced privacy and reduced noise compared to shared-wall apartments, which typically increases rental desirability.
- Strategic Urban Location
Situated in the heart of Boyle Heights with immediate proximity to Downtown Los Angeles and major freeways, the property is positioned in a high-demand rental market with strong long-term appreciation potential.
- Significant Lot Size
The generous 7,789 square foot lot offers ample space for a triplex, providing potential for future ADU (Accessory Dwelling Unit) development or the creation of premium outdoor amenities for tenants.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3, other record living area = 3118.
- Vintage Infrastructure
Built in 1924, the property may require significant capital expenditure for modernization and maintenance of aging systems such as plumbing, electrical, and roofing to meet current building standards.
- Low Bathroom-to-Bedroom Ratio
With only three bathrooms serving a total of seven bedrooms across three units, the current layout may be less attractive to modern renters and could limit the maximum achievable rent per unit.
About 1815 E 3rd
Excellent investment opportunity in the heart of Boyle Heights! Welcome to 1815 E 3rd Street, a triplex consisting of 3 separate buildings offering a total of 7 bedrooms and 3 bathrooms with approximately 3,118 square feet of living space on a 7,789 square foot lot. This multi-family property offers excellent potential for an investor looking to add to their portfolio or for a buyer seeking the flexibility of a three-unit property. Conveniently located near Downtown Los Angeles with access to major freeways, public transportation, shopping, dining and local amenities. With three units, a generous lot and a central Los Angeles location, this property presents an excellent opportunity with long-term potential.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1924
- Lot Size
- 7,789 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 3 | 2,187.451 |
| Lot Size | 7,789 | 5,841.385 |
| Price | $966.0K | $841.5K |
| Price per sq ft | $322.0K | $385 |
| Built year | 1924 | 1928 |
| HOA | $0 | $0 |
| Days on market | 13 | 85 |
Pricing History
Listed for Sale
Aug 29, 2026
$965,990
$990,000
-2% Price Drop
Initial Listing
Price Change
Aug 27, 2026
$990,000
Initial Listing
Sold
Jun 17, 2024
$650,000
Public Record