3501 E 3rd PlaceLos Angeles, CA 90063

Single Family · 7 Beds · 3 Full Baths · 2,747 Sq. ft. | 0.12 Acres
$1,170,000 Active

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.

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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

32
Median Age
16,454
Population Density (per sq. mile)
17%
College Educated
$50,913
Estimated Median Income
5,432
Estimated Total Home Owners
8,441
Estimated Total Renters
39% / 61%
Estimated Owner / Renter Divide
4
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3501 E 3rd Place Market Data

Based on the last 30 days in this zip code

$777,957
Average List Price
$513
Average Price per Square Foot
3
Properties Sold
95
Average Days on Market
126
Properties for Sale
Calculations provided by Reliance Network

3501 E 3rd Place History

Date Event Value Agent
6/16/2026Source: CRMLS Price Reduction
$1,170,000 -2.4%
6/2/2026Source: CRMLS Price Reduction
$1,199,000 -0.1%
4/30/2026Source: CRMLS Price Reduction
$1,199,699 -0.0%
3/1/2026Source: CRMLS Price Reduction
$1,199,899 -0.0%
1/21/2026Source: CRMLS Added to Database
January 21, 2026
9/13/2022Source: CRMLS Added to Database
September 13, 2022
Listing provided courtesy of LPT Realty, IncCarol Oliva- MLS# SR26014037MLS ProviderContact Information: [email protected] - 877-366-2213
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