3501 E 3rd Place Los Angeles, CA 90063
Boyle Heights NeighborhoodEstimated payment $7,363/month
Highlights
- Property is near public transit
- Corner Lot
- Central Air
- Main Floor Bedroom
- No HOA
- Laundry Facilities
About This Home
Excellent mixed-use for own users and or investment opportunity in the heart of Boyle Heights! This income-producing fourplex features both commercial and residential units, each with its own address, offering flexibility and strong rental appeal. Long-term tenants provide stable income, with the option to deliver the property with or without tenants. Ideal for investors, owner-users looking to live in one unit while generating income from the others, or organizations such as churches, nonprofits, or similar associations seeking a versatile property (buyer to verify all permitted uses with the appropriate authorities). Conveniently located near Downtown Los Angeles, major freeways, shopping, and dining. A rare opportunity to own a flexible, income-producing asset in a high-demand rental market. Well maintained, freshly painted. This property consists of a detached 3beds/1bath, (2 units) 2beds/1bath and a Studio, all current occupied. All units are separated addressed, enhancing tenant privacy and operational flexibility. Excellent for anyone seasoned investor or first time buyer looking to live in one and profit from the other units. All tenants are reported by the seller to be good long tenants. Prime Boyle Heights location just minutes from Downtown Los Angeles with convenient access to the I-10, I-5, I-710, and US-101 freeways, making commuting throughout Los Angeles easy. Close to major employment centers, shopping, dining, public transportation, and medical facilities including Los Angeles General Medical Center (formerly LAC+USC Medical Center). Excellent location with strong rental demand, making this an attractive opportunity for investors and owner-users alike. ** IDEAL TO BUY AND HOLD INVESTORS, MULTI GENERATIONAL LIVING, OR OWNER OCCUPANTS SEEKING RENTAL INCOMES** CURRENT RENT ROLL:
Main House 326 Velasco Ave 3bed/1 bath $3,000
3501 E 3rd 2bed/1 bath : $1,300
3501 1/2 E Ave 2bed/1bath $1,800
Studio : $900
Annual Income : $7,050
Gross Annual Income; $84,600 **Buyer and buyer's agent to independly verify all information and perform their own due diligence. Listing agent, broker and seller make no warranties or representation. Photos have been edited to Gove buyers a vision and to remove tenants personal items**
Listing Agent
LPT Realty, Inc Brokerage Phone: 818-297-4205 License #02077598 Listed on: 07/17/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 5,081 Sq Ft Lot
- 1 Common Wall
- Corner Lot
Parking
- 7 Car Garage
Home Design
- Property Attached
- Entry on the 1st floor
- Mixed Use
Interior Spaces
- 2,747 Sq Ft Home
- 2-Story Property
- Gas And Electric Dryer Hookup
Bedrooms and Bathrooms
- 7 Main Level Bedrooms
- 3 Full Bathrooms
Additional Features
- Exterior Lighting
- Property is near public transit
- Central Air
Listing and Financial Details
- Legal Lot and Block 22 / F
- Tax Tract Number 2039
- Assessor Parcel Number 5179014055
- $531 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $12,376 | $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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/03/2026 08/03/26 | Price Changed | $1,149,999 | 0.0% | $419 / Sq Ft | |
| 07/17/2026 07/17/26 | For Sale | $1,150,000 | +22.3% | $419 / 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $657,000 | New Conventional | |
| Previous Owner | $195,805 | Commercial | |
| Previous Owner | $220,000 | Commercial | |
| Previous Owner | $213,750 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR26154374
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
- 3445 E 4th St
- 3411 E 2nd St
- 3340 Gleason Ave
- 231 S Hicks Ave
- 3454 Sabina St
- 3548 Sabina St
- 465 S Ditman Ave
- 543 S Ditman Ave
- 3583 E 1st St
- 3065 E 6th St
- 3333 Whittier Blvd
- 115 S Fresno St
- 600 S Ditman Ave
- 3751 Lanfranco St
- 3081 Guirado St
- 3441 Siskiyou St
- 3439 Siskiyou St
- 926 Spence St
- 3672 Percy St
- 569 S Rowan Ave
- 501 S Lorena St Unit 3
- 3260 E 4th St
- 522 S Concord St
- 3551 Sabina St
- 3223 Lanfranco St
- 3420 Percy St Unit 3
- 3420 Percy St Unit 1
- 3219 Gleason Ave
- 162 N Alma Ave
- 144 S Townsend Ave
- 3087 Inez St
- 201 S Rowan Ave
- 728 S Fresno St
- 627 S Rowan Ave Unit Rowan Ave
- 107 S Dacotah St Unit 107 S Dacotah
- 439 S Evergreen Ave Unit 443 1-2
- 439 S Evergreen Ave Unit 443
- 2735 E 6th St
- 2752 Guirado St
- 3266 Winter St Unit 3266
Ask me questions while you tour the home.