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3512 3514 E 7th Street, Los Angeles, California 90023, Los Angeles, 90023 - bed, bath

3512 3514 E 7th Street, Los Angeles, California 90023 home-pic-0
ACTIVE$1,290,000
3512 3514 E 7th Street, Los Angeles, California 90023
0Bed
0Bath
2,592Sqft
7,531Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Multi-Unit Income Potential: The property consists of three distinct units (a 5BR/1.75BA SFR and a duplex with two 2BR/1BA units), offering diversified rental income streams and strong investment potential.
Top Cons:
Rent Control & Tenant Occupancy Challenges: Two of the three units are subject to City of L.A. RSO (Rent Stabilization Ordinance), limiting rent increases. The property is delivered with existing tenants (except one vacant unit), and the seller will not evict or cover relocation/legal costs, posing a significant hurdle for owner-occupancy or immediate rent adjustments.

Compared to the nearby listings

Price:$1.29M vs avg $655.0K (+$635,000)92%
Size:2,592 sqft vs avg 1,702 sqft69%
Price/sqft:$498 vs avg $48154%

More Insights

Built in 1965 (60 years old).
Condition: This triplex property, despite its older build years (1921 for the front SFR and 1965 for the duplex), has undergone significant and recent renovations across two of its three units. The front SFR features new electrical, copper plumbing, ABS sewer, recessed lighting, refinished hardwood floors, new laminate on the second floor, fully remodeled bathrooms, and a kitchen with quartz countertops. One of the duplex units (3514 Apt #2) was fully remodeled in October 2024, boasting a brand-new kitchen with new cabinets and quartz countertops, a new bathroom, new flooring, and recessed lighting. While the condition of the third unit (3514 Apt #1) is less detailed, the extensive and very recent updates to the majority of the property, particularly the kitchens and bathrooms which are modern and clean, elevate the overall condition to 'Good'. The property is largely move-in ready with major systems updated in the front house, aligning with the criteria for a well-maintained property with significant recent renovations.
Year Built
1965
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$498
HOA
-
Days on market
-
Sold On
-
MLS number
P1-20109
Home ConditionGood
Features
Deck
Patio
View-

About this home

Amazing 3 UNIT property (Single Family Residence @ 3512) with a (Duplex @ 3514 in rear) in the hot community of Boyle Heights (City of L.A. services). *** FRONT HOUSE is a 5BR/13/4BA, 2-story Craftsman with 2BR on 1st floor and 3 bedrooms on 2nd floor and built in 1921. Large kitchen w/Quartz countertops and Breakfast Nook, Formal Dining Room, Living Room w/decorative fireplace mantle (not operational). All refinished hardwood floors on 1st floor. New laminate flooring throughout 2nd floor. Laundry Room w/washer and dryer connections. All Bathrooms have been fully remodeled w/new tub/shower, sinks, flooring and shower glass. 2nd floor Balcony off one of bedrooms, large basement and storage space with access from hallway door. 1-Car Detached Garage w/automatic door opener w/separate alley access + Carport (2-cars) currently being used as a backyard cover. Mature avocado tree in spacious & private fenced yard. Systems: New Electrical, recessed lighting throughtout, new wall heater, copper plumbing, ABS sewer, and front auto sprinklers. *** DUPLEX (in rear and accessbile via alley) is 2BR/1BA each and built in 1965 (3514 Apt #1 - 1st floor and 3514 Apt #2 - 2nd floor). Spacious Bedrooms with custom closets, Living Room with lots of windows and sunlight, Kitchen w/Dining Areas in each. 1st flloor unit has its own Laundry Connections and wrap-around Yard space. 2nd floor unit has its own private backyard (behind parking) with large storage shed. Hardwood Floors at Apt. #1 and new laminate flooring in Apt. #2. 2 Parking spaces for back duplex. Entry to units is via alley (to the left of front SFR). 3514 Apt #2 (top floor) has been fully remodeled (Oct 2024) with New Flooring, Recessed Lighting in all rooms, New Bathroom (w/3/4 shower), and fully remodeled Kitchen with new cabinets & quartz countertops *** 3512 and 3514 Apt 2 are under City of L.A. RSO. Tenants last received rent increase of 4% Feb. 1, 2024. Property will be delivered with current tenants, except for 3514 Apt #2 which will be delivered vacant. Get legal advice as to what your buyer's option are to evict if plan is to occupy. Sellers will not evict, nor give credit for relocation and/or legal costs. Area has had a lot of development recently and good investment for development (Zoned RD1.5)

Price History

Date
Event
Price
01/17/18
Sold
$525,000
Condition Rating
Good
This triplex property, despite its older build years (1921 for the front SFR and 1965 for the duplex), has undergone significant and recent renovations across two of its three units. The front SFR features new electrical, copper plumbing, ABS sewer, recessed lighting, refinished hardwood floors, new laminate on the second floor, fully remodeled bathrooms, and a kitchen with quartz countertops. One of the duplex units (3514 Apt #2) was fully remodeled in October 2024, boasting a brand-new kitchen with new cabinets and quartz countertops, a new bathroom, new flooring, and recessed lighting. While the condition of the third unit (3514 Apt #1) is less detailed, the extensive and very recent updates to the majority of the property, particularly the kitchens and bathrooms which are modern and clean, elevate the overall condition to 'Good'. The property is largely move-in ready with major systems updated in the front house, aligning with the criteria for a well-maintained property with significant recent renovations.
Pros & Cons

Pros

Multi-Unit Income Potential: The property consists of three distinct units (a 5BR/1.75BA SFR and a duplex with two 2BR/1BA units), offering diversified rental income streams and strong investment potential.
Extensive Recent Renovations: Both the front SFR and one of the duplex units have undergone significant recent remodels, including updated kitchens, bathrooms, flooring, electrical, plumbing, and recessed lighting, reducing immediate capital expenditure for a new owner.
Development & Appreciation Potential: Located in the 'hot community' of Boyle Heights with recent development and zoned RD1.5, the property offers potential for future expansion or redevelopment, enhancing long-term value.
Ample Parking & Outdoor Amenities: The property provides generous parking options including a 1-car detached garage, a 2-car carport, and 2 parking spaces for the duplex, alongside private outdoor spaces like a fenced yard, balcony, and private backyards for individual units.
Updated Core Systems: The front house benefits from significant system upgrades including new electrical, copper plumbing, ABS sewer lines, and a new wall heater, indicating a well-maintained infrastructure.

Cons

Rent Control & Tenant Occupancy Challenges: Two of the three units are subject to City of L.A. RSO (Rent Stabilization Ordinance), limiting rent increases. The property is delivered with existing tenants (except one vacant unit), and the seller will not evict or cover relocation/legal costs, posing a significant hurdle for owner-occupancy or immediate rent adjustments.
Split Access & Property Management Complexity: The front SFR and rear duplex have separate access points (front street vs. alley), which could complicate property management, security, and tenant relations due to differing entry points and potentially varied tenant experiences.
Age of Structures: Despite renovations, the front house was built in 1921 and the duplex in 1965. Older structures, even with upgrades, may still present unforeseen maintenance issues or require more frequent upkeep related to their foundational age.

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