3501 E 3rd Place Overview
- Time on Site:
- 159 days
- Visits:
- 1
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.
3501 E 3rd Place Facts & Features
- Type Single Family
- Sq. ft. 2,747
- Price/Sq.ft. $426
- Lot 0.12 Acres
Details
General
Association/HOA
- Association: No
- Common Interest: None
School Information
- School District: Los Angeles Unified
Building Information
- New Construction: No
- Year Built: 1961
Location/Region
- Country: US
- County Or Parish: Los Angeles
- MLS Area Major: BOYH - Boyle Heights
- Postal City: LOS ANGELES
Community/Development
- Community Features: Street Lights,Sidewalks
Rent/Lease Information
- Land Lease: No
- Lease Considered: No
General Information
- Listing Terms: Cash,Conventional,FHA,VA Loan
- Parcel Number: 5179014055
- Property Sub Type: Quadruplex
- Property Type: Residential
- Senior Community: No
- Special Listing Conditions: Standard
Interior
Parking Information
- Garage Spaces: 7.0
- Garage: Yes
Beds/Baths
- Bathrooms Full: 3
- Bathrooms Total: 3
- Bedrooms Total: 7
General Information
- Common Walls: 1 Common Wall
- Entry Level: 1
- Entry Location: On E 3rd Pl
- Fireplace Features: See Remarks
- Fireplace: Yes
- Laundry Features: None
- Levels: Two
- Living Area: 2747.0
- Living Area Source: Assessor
- Living Area Units: Square Feet
- Main Level Bathrooms: 5
- Main Level Bedrooms: 5
- Stories: 2
- Stories Total: 2
Exterior
Parking Information
- Parking Features: Driveway,Gated
- Parking Total: 7.0
Lot Information
- Additional Parcels: No
- Lot Features: Corner Lot
- Lot Size Acres: 0.1166
- Lot Size Area: 5081.0
- Lot Size Source: Assessor
- Lot Size Square Feet: 5081.0
- Lot Size Units: Square Feet
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- View: Yes
Building Exterior/Construction
- Attached Garage: No
- Property Attached: Yes
- Structure Type: Quadruplex
General Information
- Number Of Units Total: 4
- Pool Features: None
- Pool Private: No
- Sewer: Public Sewer
3501 E 3rd Place Neighborhood
Community
90063 (Los Angeles) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.3501 E 3rd Place Monthly Cost
3501 E 3rd Place Market Data
Based on the last 30 days in this zip code
3501 E 3rd Place History
| Date | Value | Agent |
|---|---|---|
| 6/16/2026Source: CRMLS | $1,170,000 -2.4% |
|
| 6/2/2026Source: CRMLS | $1,199,000 -0.1% |
|
| 4/30/2026Source: CRMLS | $1,199,699 -0.0% |
|
| 3/1/2026Source: CRMLS | $1,199,899 -0.0% |
|
| 1/21/2026Source: CRMLS | January 21, 2026 |
|
| 9/13/2022Source: CRMLS | September 13, 2022 |
Contact Information: [email protected] - 877-366-2213