2429 E 3rd St Los Angeles, CA 90033
Boyle Heights NeighborhoodEstimated payment $7,224/month
Highlights
- 0.23 Acre Lot
- Private Yard
- 5-minute walk to Soto
About This Home
Excellent opportunity to own a 5-unit income property in the heart of Boyle Heights, one of Los Angeles’ fastest-growing and centrally located neighborhoods. 2429 E 3rd St offers a strong unit mix with stable in-place rents and long-term upside in a high-demand rental market just minutes from Downtown LA. Unit Breakdown (5 Units Total): (1) 4 Bed / 2 Bath – $2,392.69/month (1) 1 Bed / 1 Bath – $1,044.22/month (1) Studio / 1 Bath – $1,076.19/month (1) Studio / 1 Bath – $870.83/month (1) Studio / 1 Bath – Vacant (1) 3 Bed / 2 Bath - Vacant Current Total Monthly Rent: approx. $6,851.68
(Strong rental base with potential future upside) The property features a desirable mix of unit sizes appealing to a wide range of tenants, from families to individual renters. With continued demand for centrally located housing near Downtown LA, this asset provides both stable cash flow and long-term appreciation potential. Boyle Heights & Area Growth:
Boyle Heights continues to see major public and private investment, making it one of the most watched submarkets in Los Angeles. The property is ideally located near: Downtown Los Angeles (minutes away) Metro Gold Line stations providing easy transit access USC Medical Center and major employment hubs Ongoing mixed-use and housing developments throughout the area Popular local restaurants, cafes, and retail corridors along Cesar Chavez & 1st Street Strong rental demand driven by its central location and improving infrastructure With Los Angeles focusing on transit-oriented development and higher-density housing, Boyle Heights remains a key growth corridor for investors seeking long-term upside and consistent occupancy. Investment Highlights: 5 Total Units Strong in-place rental income High-demand Boyle Heights location Minutes to Downtown LA & major freeways Transit-oriented neighborhood Long-term appreciation potential A solid multifamily investment in a rapidly evolving Los Angeles neighborhood with continued growth, development, and strong rental demand.
Listing Agent
Century 21 Allstars Brokerage Phone: 949-903-6633 License #01938421 Listed on: 01/27/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1898
Lot Details
- 10,217 Sq Ft Lot
- 1 Common Wall
- Private Yard
Parking
- 2 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 5,146 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Bathrooms
Additional Features
- Urban Location
- Sewer Not Available
Listing and Financial Details
- Tax Lot 13
- Tax Tract Number 13
- Assessor Parcel Number 5180004015
- $1,246 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 5 Units
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,320 | $431,382 | $173,839 | $257,543 |
| 2024 | $6,320 | $422,925 | $170,431 | $252,494 |
| 2023 | $6,219 | $414,634 | $167,090 | $247,544 |
| 2022 | $5,974 | $406,505 | $163,814 | $242,691 |
| 2021 | $5,881 | $398,535 | $160,602 | $237,933 |
| 2019 | $5,732 | $386,717 | $155,840 | $230,877 |
| 2018 | $5,553 | $379,135 | $152,785 | $226,350 |
| 2016 | $5,235 | $364,414 | $146,853 | $217,561 |
| 2015 | $5,171 | $358,942 | $144,648 | $214,294 |
| 2014 | $5,220 | $351,912 | $141,815 | $210,097 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/27/2026 01/27/26 | For Sale | $1,299,999 | 0.0% | $253 / Sq Ft |
| 01/01/2013 01/01/13 | Rented | $1,200 | 0.0% | -- |
| 12/27/2012 12/27/12 | Under Contract | -- | -- | -- |
| 11/05/2012 11/05/12 | For Rent | $1,200 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $335,000 | Lawyers Title Company | |
| Trustee Deed | -- | None Available | |
| Corporate Deed | $705,000 | Investors Title Company | |
| Grant Deed | -- | Investors Title Company | |
| Interfamily Deed Transfer | -- | Investors Title Company | |
| Interfamily Deed Transfer | -- | Investors Title | |
| Interfamily Deed Transfer | -- | Investors Title | |
| Grant Deed | $255,000 | Investors Title Company | |
| Trustee Deed | $261,476 | Commerce Title Co | |
| Grant Deed | $155,000 | Fidelity Title | |
| Trustee Deed | $100,000 | First American Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $105,000 | Commercial | |
| Previous Owner | $528,750 | Commercial | |
| Previous Owner | $166,600 | Seller Take Back | |
| Previous Owner | $241,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW26019372
APN: 5180-004-015
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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 broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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