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**
For sale
Listed by: LPT Realty, Inc • Carol Oliva • Contact: 818-297-4205
$1,149,999
3501 E 3rd Pl, Los Angeles, CA 90063
7beds
2,747sqft
Mixed Use
Built in 1961
5,081 Square Feet Lot
$1,148,100 Zestimate®
$419/sqft
$-- HOA
What's special
- 222 days
- 89
- 3
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#: SR26154374
Originating MLS: California Regional MLS
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
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: $1,017,484
- Date on market: 7/17/2026
- Cumulative days on market: 222 days
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Contract,1031 Exchange
Estimated market value
$1,148,100
$1.09M - $1.21M
$5,455/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/3/2026 | Price change | $1,149,9990%$419/sqft |
Source: | ||
| 7/17/2026 | Listed for sale | $1,150,000+22.3%$419/sqft |
Source: | ||
| 6/28/2022 | Sold | $940,000+317.8%$342/sqft |
Source: Public Record Report a problem | ||
| 8/3/2001 | Sold | $225,000$82/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,017,484 +2% |
| 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
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Boyle Heights
Local buyer's agents are ready to help




