3501 E 3rd, Los Angeles, CA — listing photo 1
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FOR SALE

3501 E 3rd

Los Angeles, CA 90063
7 Beds
3 Baths
2,747 Sq Ft
Built 1961
$1,149,000
Price ReducedWas $1,150,000 — $1,149,000 (-$1,000)

Property Overview

Excellent mixed-use for own users and or investment opportunity in the heart of Boyle Heights! This income-producing fourplex features both commercial and residential units, each with its own address, offering flexibility and strong rental appeal. Long-term tenants provide stable income, with the option to deliver the property with or without tenants. Ideal for investors, owner-users looking to live in one unit while generating income from the others, or organizations such as churches, nonprofits, or similar associations seeking a versatile property (buyer to verify all permitted uses with the appropriate authorities). Conveniently located near Downtown Los Angeles, major freeways, shopping, and dining. A rare opportunity to own a flexible, income-producing asset in a high-demand rental market. Well maintained, freshly painted. This property consists of a detached 3beds/1bath, (2 units) 2beds/1bath and a Studio, all current occupied. All units are separated addressed, enhancing tenant privacy and operational flexibility. Excellent for anyone seasoned investor or first time buyer looking to live in one and profit from the other units. All tenants are reported by the seller to be good long tenants. Prime Boyle Heights location just minutes from Downtown Los Angeles with convenient access to the I-10, I-5, I-710, and US-101 freeways, making commuting throughout Los Angeles easy. Close to major employment centers, shopping, dining, public transportation, and medical facilities including Los Angeles General Medical Center (formerly LAC+USC Medical Center). Excellent location with strong rental demand, making this an attractive opportunity for investors and owner-users alike. ** IDEAL TO BUY AND HOLD INVESTORS, MULTI GENERATIONAL LIVING, OR OWNER OCCUPANTS SEEKING RENTAL INCOMES** CURRENT RENT ROLL: Main House 326 Velasco Ave 3bed/1 bath $3,000 3501 E 3rd 2bed/1 bath : $1,300 3501 1/2 E Ave 2bed/1bath $1,800 Studio : $900 Annual Income : $7,050 Gross Annual Income; $84,600 **Buyer and buyer's agent to independly verify all information and perform their own due diligence. Listing agent, broker and seller make no warranties or representation. Photos have been edited to Gove buyers a vision and to remove tenants personal items**

Home Details

Property type
Residential - Mixed Use
Year built
1961
Living area
2,747 sq ft
Lot size
5,081 sq ft
Parking
7 spaces
Garage
7 spaces
Stories
2
Days on market
95
Cumulative days on market
269
Full bathrooms
3
MLS status
Active

Features & Amenities

Interior

  • Bedroom On Main Level

Pool

  • None

Lot

  • Corner Lot
  • Near Public Transit
  • Walkstreet

Community, Schools & Utilities

Community

View
None

Schools

School district
Los Angeles Unified

Utilities

Cooling
CentralAir
Water
Public
Sewer
PublicSewer
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Location & Neighborhood

3501 E 3rd

Los Angeles, CA 90063

Frequently Asked Questions About 3501 E 3rd

Property type: Residential

The current asking price is $1,149,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 3501 E 3rd. Our team will confirm availability and timing.
This 7 bedrooms and 3 bathrooms property offers approximately 2,747 square feet of living space. It was built in 1961. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 95 days. Status can change, so verify availability before relying on it.

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Listing Agent

Name: Carol Oliva
MLS ID: SR207069333

Available property

$1,149,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.