$ 1,299,999
-
$1,299,999
Price -
9
Bed -
8
Bath -
5,146
SqFt
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About the Listing YCYA - DWNAVDAN
Excellent opportunity to own a 5-unit income property in the heart of Boyle Heights, one of Los Angeles’ fastest-growing and centrally located neighborhoods. 2429 E 3rd St offers a strong unit mix with stable in-place rents and long-term upside in a high-demand rental market just minutes from Downtown LA. Unit Breakdown (5 Units Total): (1) 4 Bed / 2 Bath – $2,392.69/month (1) 1 Bed / 1 Bath – $1,044.22/month (1) Studio / 1 Bath – $1,076.19/month (1) Studio / 1 Bath – $870.83/month (1) Studio / 1 Bath – Vacant (1) 3 Bed / 2 Bath - Vacant Current Total Monthly Rent: approx. $6,851.68 (Strong rental base with potential future upside) The property features a desirable mix of unit sizes appealing to a wide range of tenants, from families to individual renters. With continued demand for centrally located housing near Downtown LA, this asset provides both stable cash flow and long-term appreciation potential. Boyle Heights & Area Growth: Boyle Heights continues to see major public and private investment, making it one of the most watched submarkets in Los Angeles. The property is ideally located near: Downtown Los Angeles (minutes away) Metro Gold Line stations providing easy transit access USC Medical Center and major employment hubs Ongoing mixed-use and housing developments throughout the area Popular local restaurants, cafes, and retail corridors along Cesar Chavez & 1st Street Strong rental demand driven by its central location and improving infrastructure With Los Angeles focusing on transit-oriented development and higher-density housing, Boyle Heights remains a key growth corridor for investors seeking long-term upside and consistent occupancy. Investment Highlights: 5 Total Units Strong in-place rental income High-demand Boyle Heights location Minutes to Downtown LA & major freeways Transit-oriented neighborhood Long-term appreciation potential A solid multifamily investment in a rapidly evolving Los Angeles neighborhood with continued growth, development, and strong rental demand.
Listing Highlights
Status
Active
Days on Site
14
Property Type
Multi-Family
MLS ®
DW26019372
Year Built
1898
Total Square Footage
5,146
Lot/Acreage
0.23
County
Los Angeles
Area
BOYH - Boyle Heights
Interior Details
- Bedrooms: 9
- Bathrooms: 8 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Yard,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 2
- Roof:
- Others: 2+ Total Units
- Sewer: None
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5180004015
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
2429 E 3rd Los Angeles, CA 90033
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