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3501 E 3rd PL Los Angeles, CA 90063
5,079 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26014330
HOA Y/N No
Year Built 1961
Lot Size 5,079 Sqft
Property Sub-Type Quadruplex
Property Description
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.
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.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Curbs, Street Lights
Total Parking Spaces 7
Private Pool No
Building
Lot Description Corner Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5179014055
Acceptable Financing Cash, Conventional, FHA, Submit, VA Loan
Listing Terms Cash, Conventional, FHA, Submit, VA Loan
Special Listing Condition Standard
Listed by Carol Oliva LPT Realty, Inc 818-297-4205