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3501 E 3rd PlaceLos Angeles, CA 90063

For Sale

$1,999,999

Smart Buyer Rebate $20,000

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

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License #02077598

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LPT Realty, Inc

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818-297-4205

Last updated January 25, 2026

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Source: CRMLS #SR26014330

Listing Facts

  • TypeMulti-family
  • NeighborhoodBoyle Heights
  • Days on Prevu7

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

01/23/2026
Listed by LPT Realty, Inc
$1,999,999

Property Details for 3501 E 3rd Place

Association

Amenities

  • Community Features: Curbs, Street Lights

Exterior

Construction

  • Number Of Units Total: 4
  • Property Attached: Yes
  • Stories Total: 2
  • Year Built: 1961
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: 1

Measurements

  • Building Area Total: 5,081
  • Building Area Units: Square Feet
  • 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

Residential Income

  • Gross Income: $84,600.00
  • Operating Expense: $24,000.00

Taxes

  • Parcel Number: 5179014055

Other

Location

  • Tax Block: F
  • Tax Lot: 22

Parking

Parking

  • Garage Spaces: 7
  • Garage: Yes
  • Parking Total: 7

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms 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 63% above the average price for multi-family homes in Boyle Heights and has been on the market for 88 less days than the typical home in this area.

3501 E 3rd Place is a -bedroom multi-family home for sale in Los Angeles CA 90063. On Prevu for 7 days at $1,999,999. This residence is located in Boyle Heights. The median listing price for multi-family homes in this area is $950,000. Additional amenities include parking. View other 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.