3501 E 3rd Place, Los Angeles, California 90063, Los Angeles, 90063 - 0 bed, 0 bath
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Los Angeles, California 90063
This Quadruplex Income Property represents a stable, high-yield asset listed at $1,199,899, which sits directly at its $1,199,899 Fair Market Value. The property delivers a robust $84,600 Gross Annual Income from four units, including a Detached 3-Bedroom Main House and three additional units. Currently holding a Fair Condition Rating, the well-maintained site offers immediate cash flow and long-term appreciation in the high-demand Boyle Heights Area. This versatile setup is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to offset their mortgage through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3501 E 3rd Place Subject | $1,199,899* List Price | 0 | 0 | 5,081 | $236 | - |
A 3496 E 4th Street Sold | $965,000 | 0 | 0 | 3,490 | $277 | 0.1 mi |
B 127 N Herbert Active | $899,000 List Price | 8 | 7 | 4,541 | $198 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, this multi-unit property is described as well-maintained and freshly painted, but it does not meet the criteria for a recent full renovation. The interiors show functional but dated features, including older wall-mounted heating units, standard cabinetry, and basic light fixtures. While the property is move-in ready and generates immediate cash flow, its age and the lack of significant modern system upgrades place it in the 'Fair' category.
The property is fully occupied with a gross annual income of $84,600 and all tenants reported as current, providing a stable, turn-key investment opportunity from day one.
Featuring a detached 3-bedroom main house and three additional units with separate addresses, the layout is ideal for owner-occupants seeking rental offsets or multi-generational living.
Situated minutes from Downtown Los Angeles and major freeways, the property is positioned in a high-demand rental area that supports long-term appreciation and low vacancy risk.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5081, other record living area = 2747.
With four units situated on a 5,081 square foot lot, the property likely faces constraints regarding on-site parking and private outdoor space for tenants.
The listing notes that marketing photos have been edited and all information requires independent verification, suggesting potential discrepancies between the digital presentation and the actual physical condition.
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.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 5,081 | 1,946 | 95% |
| Lot Size | 5,081 | 5,512.5 | 35% |
| Price | $1.20M | $764.5K | 95% |
| Price per sq ft | $236 | $373 | 10% |
| Built year | 1961 | 1923 | 90% |
| HOA | $0 | $0 | 50% |
| Days on market | 89 | 217 | 20% |
Mar 2, 2026
$1,199,899
$1,199,999
+0% Price Increase
Initial Listing
Feb 16, 2026
$1,199,999
$1,999,999
-40% Price Drop
Initial Listing
Jan 23, 2026
$1,999,999
Initial Listing
Jun 28, 2022
$940,000
Public Record