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Los Angeles, CA 90063 3412 E 3rd Street

$1,225,000

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Presented By: JIMMY TRAM with EXP REALTY; 626-320-2382
  • MLS# WS24084032
  • 04/26/2024
  • Request Tour
  • Request Info
  • BedBeds • 6
  • BathBaths • 5
  • FootageSQFT • 3,024

Home Details

TURNKEY PROPERTY!!! This is a 5-unit building consisting of a desirable mix of three spacious 2 bed / 1 bath units and two comfy studios with on-property parking for each unit. The property has beautiful interior and exterior renovations recently made and represents pride of ownership. Improvements include but not limited to, Double-Pane Windows, Copper Pipe Plumbing, Split Duct Air Conditioning System, Granite Kitchen and Bathroom Countertops, Tile Bathroom Walls, Tile Flooring for Kitchen and Bathrooms, Vinyl Flooring for Living and Bedrooms, Kitchen Cabinets, New Stoves, New Toilets, Water Heaters, Interior and Exterior Painting. Located near major employment centers in Downtown Los Angeles and has direct access to the iconic Arts District via the historic 4th Street Bridge and recently opened 6th Street Viaduct. This location is well positioned in the gentrifying area of Boyle Heights and offers dominant access to entertainment and food possibilities. For the investor, there is tremendous upside potential in rents with access to the 5, 10, 60, and 101 freeways within minutes. This represents a significant opportunity to maximize income in a high demand area that is constantly improving. PLEASE DO NOT DISTURB TENANTS!!
Presented By: JIMMY TRAM with EXP REALTY; 626-320-2382

Interior Features for 3412 E 3rd Street

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesWasherHookup, GasDryerHookup
Street SuffixStreet
Total Stories2
Window FeaturesDoublePaneWindows

Other Rooms

Entry Level1

General for 3412 E 3rd Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesStreetLights, Sidewalks
ContingencyProperty is Sold As-Is. No credits or Repairs will be completed by the seller. Seller has completed work in all units, please see list in Supplements. Long Term tenants that pay on time. For copy of
CoolingDuctless
CountyLos Angeles
Days on Market3
DirectionsCross Streets: S Lorena Street & 3rd Street
DisclosuresPrincipalisRealEstateLicensed, RentControl
Electric Expense0.0
Entry LocationSeparate Entry
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income87000.0
HOA0.0
HOA / Comm AssnNo
HeatingDuctless
Home Warranty Y/NNo
Insurance Expense2468.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Conventional, Item1031Exchange
Lot Size Square Feet7775.0
MLS AreaBOYH - Boyle Heights
MaintenanceExpense2647.0
MobileHomeRemainsYNNo
Net Operating Income63524.0
New ConstructionNo
Number of Units Leased5
Open Parking Spaces5.0
Operating Expense24739.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street Name3rd
Tax Lot5
Total Actual Rent88236.0
Total Units5
Trash Expense292.0
View Y/NNo
Water Sewer Expense3219.0
Waterfront Y/NNo
Year Built1957
Year Built SourcePublicRecords
ZoningLAR2

Exterior for 3412 E 3rd Street

Building Area Total3024.0
Crops Included Y/NNo
Foundation DetailsRaised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre, FrontYard, Paved, RectangularLot
Lot Size Acres0.1785
Lot Size Area7775.0
Lot Size SourcePublicRecords
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, Concrete
SpaNo
Total Parking5.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,225,000
MLS#WS24084032
List Date 04/26/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors