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3501 E 3rd PlaceLos Angeles, CA 90063

For Sale

$1,170,000

Smart Buyer Rebate $11,700

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.

Listed by Carol Oliva

·

License #02077598

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LPT Realty, Inc

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818-297-4205

Last updated June 25, 2026

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Source: CRMLS #SR26014037

Listing Facts

  • TypeMulti-family
  • NeighborhoodBoyle Heights
  • Bedrooms7
  • Bathrooms3
  • Days on Prevu191
  • Size2,747 sqft
  • Price per sqft$426

Amenities

  • Air Conditioning
  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

07/21/2026
Status changed to Active
$1,170,000
07/15/2026
Status changed to Expired
$1,170,000
06/16/2026
Price Decreased
$1,170,000
06/02/2026
Price Decreased
$1,199,000
04/30/2026
Price Decreased
$1,199,699
03/02/2026
Price Decreased
$1,199,899
01/21/2026
Listed by LPT Realty, Inc
$1,199,999

Property Details for 3501 E 3rd Place

Association

Amenities

  • Community Features: Street Lights, Sidewalks

Exterior

Construction

  • Number Of Units Total: 4
  • Property Attached: Yes
  • Stories: 2
  • Stories Total: 2
  • Structure Type: Quadruplex
  • Year Built: 1961
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Entry Location: On E 3rd Pl

Measurements

  • Lot Features: Corner Lot
  • Lot Size Acres: 0.11
  • Lot Size Area: 5,081
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5,081
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 5179014055

Interior

Features

  • Fireplace Features: See Remarks
  • Fireplace: Yes

Measurements

  • Living Area: 2,747
  • Living Area Source: Assessor
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 7
  • Main Level Bathrooms: 5
  • Main Level Bedrooms: 5

Other

Location

  • Tax Block: F
  • Tax Lot: 22

Parking

Parking

  • Garage Spaces: 7
  • Garage: Yes
  • Parking Features: Driveway, Gated
  • Parking Total: 7

Schools

High School

  • High School District: Los Angeles Unified

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 7 bedrooms and 3 bathrooms in this multi-family home at 3501 E 3rd Place.

Does this multi-family home have parking?

Yes, there are 7 parking spaces available for 3501 E 3rd Place.

How does 3501 E 3rd Place compare to other multi-family homes in Boyle Heights?

This multi-family home is listed 19% above the average price for multi-family homes in Boyle Heights and has been on the market for 108 more days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 2,747 sqft.

3501 E 3rd Place is a 7-bedroom, 3-bath multi-family home for sale in Los Angeles CA 90063. On Prevu for 191 days at $1,170,000. This includes a recent price decrease of $29,000. This home features 2,747 square feet of living space, located in Boyle Heights. The median listing price for multi-family homes in this area is $770,000. Property amenities include air conditioning, parking, and swimming pool. Browse more multi-family home listings in Los Angeles.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.