ResidentialQuadruplexCALos Angeles900633501 E 3rd Place, Los Angeles, CA, US, 90063

3501 E 3rd Place, Los Angeles, CA, US, 90063

3501 E 3rd Place, Los Angeles, CA, US, 90063
7 beds
3 baths
2747 sq ft
$1,199,999
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Basics

  • Date added: Added 6 months ago
  • Category:
  • Type:
  • Status:
  • Bedrooms: 7
  • Bathrooms: 3
  • Area: 2747 sq ft
  • Lot size: 5081, 5081 sq ft
  • Year built: 1961
  • County: Los Angeles
  • MLS ID: SR26014037

Description

  • Description:

    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.

    Show all description

Location

  • Directions: Located in Boyle Heights/East Los Angeles. From major freeways, take I-10 East, exit Indiana St head north, then right on E 3rd Pl.
  • Lot Size Acres: 0.1166 acres

Building Details

  • Structure Type: Quadruplex
  • Water Source: Public
  • Lot Features: CornerLot
  • Sewer: PublicSewer
  • Common Walls: OneCommonWall
  • Garage Spaces: 7
  • Levels: Two

Amenities & Features

  • Pool Features: None
  • Parking Features: Driveway, Gated
  • Parking Total: 7
  • Cooling: CentralAir
  • Fireplace Features: SeeRemarks
  • Laundry Features: None

Nearby Schools

  • High School District: Los Angeles Unified

Expenses, Fees & Taxes

  • Association Fee: 0

Agent info

  • Agent name: Carol Oliva
  • Agent MLS: SR207069333
  • Agent email: carolsellshomes378@gmail.com
  • Agent officephone: 877-366-2213

Miscellaneous

  • List Office Name: LPT Realty, Inc
  • Listing Terms: Cash,Conventional,FHA,VaLoan
  • Common Interest: None
  • Community Features: StreetLights,Sidewalks
  • Attribution Contact: 818-297-4205

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