3501 E 3rd Place Los Angeles, CA 90063
Boyle Heights NeighborhoodAbout This Home
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.
Listing Agent
LPT Realty, Inc Brokerage Phone: 818-297-4205 License #02077598 Listed on: 01/23/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 5,081 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
Parking
- 7 Car Garage
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 5,081 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- Unit 1 Bathroom: 0
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 22 / F
- Tax Tract Number 2039
- Assessor Parcel Number 5179014055
- $497 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $2,800
- Gross Income $84,600
- Net Operating Income $60,600
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 | $12,230 | $997,534 | $636,724 | $360,810 |
| 2024 | $12,230 | $977,976 | $624,240 | $353,736 |
| 2023 | $11,997 | $958,800 | $612,000 | $346,800 |
| 2022 | $4,224 | $320,367 | $106,784 | $213,583 |
| 2021 | $4,160 | $314,087 | $104,691 | $209,396 |
| 2020 | $4,195 | $310,867 | $103,618 | $207,249 |
| 2019 | $4,043 | $304,773 | $101,587 | $203,186 |
| 2018 | $3,917 | $298,798 | $99,596 | $199,202 |
| 2016 | $3,721 | $287,198 | $95,730 | $191,468 |
| 2015 | $3,670 | $282,885 | $94,293 | $188,592 |
| 2014 | $3,689 | $277,344 | $92,446 | $184,898 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/01/2026 03/01/26 | Price Changed | $1,199,899 | 0.0% | $236 / Sq Ft | |
| 03/01/2026 03/01/26 | Price Changed | $1,199,899 | 0.0% | $437 / Sq Ft | |
| 02/24/2026 02/24/26 | Price Changed | $1,199,999 | 0.0% | $236 / Sq Ft | |
| 02/24/2026 02/24/26 | Price Changed | $1,199,899 | 0.0% | $236 / Sq Ft | |
| 02/15/2026 02/15/26 | Price Changed | $1,199,999 | -40.0% | $236 / Sq Ft | |
| 01/23/2026 01/23/26 | For Sale | $1,999,999 | +66.7% | $394 / Sq Ft | |
| 01/21/2026 01/21/26 | For Sale | $1,199,999 | +27.7% | $437 / Sq Ft | |
| 06/29/2022 06/29/22 | Sold | $940,000 | -5.2% | $342 / Sq Ft | View Prior Sale |
| 03/14/2022 03/14/22 | For Sale | $991,800 | -- | $361 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $940,000 | New Title Company Name | |
| Grant Deed | -- | First American Title Co | |
| Individual Deed | $225,000 | Old Republic Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $657,000 | New Conventional | |
| Previous Owner | $220,000 | Commercial | |
| Previous Owner | $213,750 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR26014330
APN: 5179-014-055
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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Ask me questions while you tour the home.