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$1,225,000   Price Analysis
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3412 E 3rd St
Los Angeles, CA 90063
6 bed 5 bath 3,024 SqFt ($405/SqFt)
7,775SqFt lot. Built 1957
Listed 2024-04-26, Taxes $12,895
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

TURNKEY PROPERTY!!!

This is a 5-unit building consisting of a desirable mix of three big 2 bed / 1 bath units and two comfy studios with on-property parking for each unit. The property has charming interior and exterior renovations recently made and represents pride of ownership. Improvements include but not limited to, Double-Pane Windows, Copper Pipe Plumbing, Split Duct Air Conditioning System, Granite Kitchen and Bathroom Countertops, Tile Bathroom Walls, Tile Flooring for Kitchen and Bathrooms, Vinyl Flooring for Living and Bedrooms, Kitchen Cabinets, Brand new Stoves, New Tolets, Water Heaters, Interior and Exterior Painting.

Located near major employment centers in Downtown Los Angeles and has direct access to the iconic Arts District via the historic 4th Street Bridge and recently opened 6th Street Viaduct. This location is well positioned in the gentrifying area of Boyle Heights and offers dominant access to entertainment and food possibilities. For the investor, there is tremendous upside potential in rents with access to the 5, 10, 60 and 101 fr eeways within minutes. This represents a significant opportunity to maximize income in a high demand area that is constantly improving. PLEASE DO NOT DISTURB TENANTS!!


Presented by Jimmy Tram at
EXP REALTY.


Property MLS #WS24084032 from CRMLS

Bedrooms: 6

Laundry Features: Gas Dryer Hookup, Washer Hookup

Cooling Features: Ductless
Heating Features: Ductless
Heating: Yes

Full Bathrooms: 5

Window Features: Double Pane Windows

Lot Description: 2-5 Units/Acre, Front Yard, Rectangular Lot, Paved
Lot Size Acres: 0.1784894
Lot Size Source: Public Records
Lot Size Square Feet: 7775

Parking Features: Parking YN: Yes, Parking Features: Assigned, Concrete
Parking Total: 5

Number of Units: 5
Bedrooms in Unit-1: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1

Calculated Total Monthly Association Fees: 0
Maintenance Expense: 2647.00

Number of Units Leased: 5
Rent Control: Yes

Community Features: Sidewalks, Street Lights

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 2468.00
Area: BOYH - Boyle Heights
Source Neighborhood: BOYH - Boyle Heights
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 5
Number of Separate Water Meters: 1
Parcel Number: 5179013025
Postal Code Plus 4: 2949
Trash Expense: 292.00
Zoning: LAR2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$463,755 + $566,811
$1,030,566
$12,895
2021$454,662 + $555,698
$1,010,360
$12,734
2020$450,000 + $550,000
$1,000,000
$12,857
2019$277,950 + $307,530
$585,480
$7,731
2018$58,370 + $23,674
$82,044
$1,695
2017$57,226 + $23,210
$80,436
$1,624
2016$56,104 + $22,755
$78,859
$1,643
2015$55,262 + $22,414
$77,676
$1,629
2014$54,180 + $21,975
$76,155
$1,669
2013$53,936 + $21,876
$75,812
$1,659
2012$52,879 + $21,448
$74,327
$1,376
2010$51,843 + $21,028
$72,871
$1,573
2009$51,579 + $20,921
$72,500
$1,531
2009$51,456 + $20,871
$72,327
$1,531
2008$50,568 + $20,511
$71,079
$1,493
2007$49,577 + $20,109
$69,686
$1,444

Listed 2024-04-26
$1,225,000
CRMLS
Listing removed 2023-11-02
$0
CRMLS
Price Changed 2023-09-20
$1,200,000
CRMLS
Price Changed 2023-07-15
$1,225,000
CRMLS
Listed 2023-03-15
$1,300,000
CRMLS
Listing removed 2022-12-08
$0
CRMLS
Listed 2022-09-29
$1,300,000
CRMLS
Listing removed 2020-05-23
$0
CRMLS
Listed for rent 2020-05-11
$1,800
CRMLS
Listing removed 2020-05-06
$0
CRMLS
Price Changed for rent 2020-05-04
$1,800
CRMLS
Price Changed for rent 2020-04-21
$1,900
CRMLS
Listed for rent 2020-03-30
$2,000
CRMLS
Listing removed 2020-03-26
$0
CRMLS
Listed for rent 2020-03-23
$2,200
CRMLS
Listing removed 2020-03-22
$0
CRMLS
Listed for rent 2020-03-20
$2,200
CRMLS
Sold 2019-09-30
$1,000,000
CRMLS
Price Changed 2019-07-30
$999,999
CRMLS
Listed 2019-04-11
$979,000
CRMLS
Sold 2018-04-17
$500,000
Public Record
Listing removed 2014-02-08
$560,000
CRMLS
Listed 2014-01-16
$560,000
CRMLS

Net Operating Income: 63524.00

Total Square Feet Living: 3024
Year Built: 1957
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Separate Entry
Foundation Details: Raised
Property Age: 67
Property Attached: Yes
Property Condition: Updated/Remodeled
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Public Records

Sewer: Sewer: Public Sewer, Water Sewer Expense: 3219.00
Water Source: Public

Belvedere Elementary School is a public elementary school located approximately 0.6 miles away.
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Robert Louis Stevenson Middle School is a public middle school located approximately 0.6 miles away.
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Ramona Opportunity High School is a public middle and high school located approximately 0.3 miles away.
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East Los Angeles Light & Life Christian School is a private elementary and middle school located approximately 0.4 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.