$1,999,999

3501 E 3rd Place, Los Angeles, CA 90063

  • 7 beds
  • 5,081 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1961
  • Property Lot Size Icon5,227sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $394/sqft
  • Property List Date Icon Listed 15 days ago

Property 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

Listing Status:
Active
Date Added:
January 23, 2026
Data Last Updated:
February 7, 2026 at 9:08PM
Listing Office:
LPT Realty, Inc : 877-366-2213
Listing Agent:
Carol Oliva : 818-297-4205
MLS ID:
CRSR26014330
  • Laundry: No Hookups
  • Originating MLS: CRMLS
  • County: Los Angeles
  • Zoning: 5179014055
  • Source: CRMLS

Presented by Veterans United Realty

This listing courtesy of Carol Oliva , LPT Realty, Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

City of Angels

221 S Eastman Ave, Los Angeles, CA, 90063

Grades KG-12

0.49 miles away

R

Ramona Opportunity High School

231 S Alma Ave, Los Angeles, CA, 90063

Grades 7-12

0.22 miles away

R

Ramona Opportunity High School

231 S Alma Ave, Los Angeles, CA, 90063

Grades 7-12

0.22 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.