$1,170,000

3501 E 3rd Place, Los Angeles, CA 90063

7 beds |
3 baths |
2,747 sqft

Condominium
Built in 1961
5,079sqft lot
7 car garage
$426/sqft
Listed 5 months 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 and seller make no warranties or representation.** Photos have been edited to give buyer's a vision and also to remove personal items.

Listing Status:: Active
Date Added:: January 20, 2026
Data Last Updated:: July 6, 2026 at 12:13AM
Listing Office:: LPT Realty, Inc : 877-366-2213
Listing Agent:: Carol Oliva : 818-297-4205
MLS ID:: SR26014037

Appliances: N/K
A/C: Central Forced Air
Fireplace: Other/Remarks

Pool: N/K
Parking: GatedParking spaces: 7

General: 2

HOA Amenities: 0.0
Originating MLS: California Regional MLS
County: Los Angeles

Zoning: 5179014055
View: Other/Remarks

Water: Public
Sewer: Public Sewer

Source: California Regional MLS

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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