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
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Zillow last checked:
Listing updated:
Listed by:
Carol OlivaDRE #02077598818-297-4205,
LPT Realty, Inc,
George KpachaviDRE #01839703,
LPT Realty, Inc
Source: CRMLS,MLS#: SR26154374Originating 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
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.
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