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For sale
  • Listed by: LPT Realty, Inc • Carol Oliva • Contact: 877-366-2213
    $1,150,000

    3501 E 3rd Pl, Los Angeles, CA 90063

    7beds
    2,747sqft
    : 
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    Mixed Use
    Built in 1961
    5,081 Square Feet Lot
    $1,146,400 Zestimate®
    $419/sqft
    $-- HOA

    What's special

    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**
    174 days
    |
    95
    |
    4
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Carol Oliva DRE #02077598 818-297-4205,

    LPT Realty, Inc,

    George Kpachavi DRE #01839703,

    LPT Realty, Inc

    Source: CRMLS,MLS#: SR26154374MLS LogoOriginating MLS: California Regional MLS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bathrooms: 3
      • Main level bedrooms: 7
      Rooms
      • Room types: Bedroom
      Bedroom
      • Features: Bedroom on Main Level
      Cooling
      • Central Air
      Appliances
      • Laundry: Electric Dryer Hookup, Gas Dryer Hookup
      Features
      • Bedroom on Main Level
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: 1 Common Wall
      Interior area
      • Total interior livable area: 2,747 sqft

      Property

      Parking
      • Total spaces: 7
      • Parking features: Garage
      • Garage spaces: 7
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: Front
      • Pool features: None
      • Has view: Yes
      • View description: None
      Lot
      • Size: 5,081 Square Feet
      • Features: Corner Lot, Near Public Transit, Walkstreet
      Details
      • Parcel number: 5179014055
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Mixed Use
      • Attached to another structure: Yes
      Condition
      • New construction: No
      • Year built: 1961

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Curbs, Street Lights, Sidewalks
      Location
      • Region: Los Angeles

      Financial & listing details

      • Price per square foot: $419/sqft
      • Tax assessed value: $997,534
      • Annual tax amount: $12,376
      • Date on market: 7/17/2026
      • Cumulative days on market: 175 days
      • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Contract,1031 Exchange

        Estimated market value

        $1,146,400

        $1.09M - $1.20M

        $5,640/mo

        Price history

        DateEventPrice
        7/17/2026Listed for sale$1,150,000+22.3%$419/sqft
        Source: CRMLS #SR26154374 Report a problem
        6/28/2022Sold$940,000+317.8%$342/sqft
        Source: Public Record Report a problem
        8/3/2001Sold$225,000$82/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$12,376 +1.2%$997,534 +2%
        2024$12,230 +1.9%$977,976 +2%
        2023$11,997 +4.3%$958,800 +199.3%
        2022$11,506 +176.6%$320,367 +2%
        2021$4,160 -0.8%$314,087 +1%
        2020$4,195 $310,867 +2%
        2019$4,195 +7.1%$304,773 +2%
        2018$3,917 $298,798 +2%
        2017$3,917 +2.2%$292,941 +2%
        2016$3,834 +3%$287,198 +1.5%
        2015$3,721 $282,885
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Boyle Heights

        Getting around

        85 / 100
        Very Walkable
        71 / 100
        Excellent Transit
        58 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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