3412 East 3rd Street

3412 East 3rd Street

Los Angeles, CA 90063

$1,225,000
Price
6
Beds
5
Baths
3,024 Sq. Ft.
$405 / Sq. Ft.
3,024
Sq. Ft.
$405
per Sq. Ft.
a view of a house with backyard and sitting area
a view of a park with street
a view of outdoor sitting area
an aerial view of a house with a garden
an aerial view of a house with garden space and sitting area
a view of a house with backyard sitting area and garden
a view of a patio with table and chairs with wooden floor and plants
a living room with furniture
a front view of a house with outdoor area
a view of street with parked cars
a view of a cars parked in garage
an aerial view of multiple house
an aerial view of a house with a yard and lake view
an aerial view of residential houses with outdoor space
an aerial view of residential houses with outdoor space
an aerial view of a house with outdoor space
an aerial view of multiple house
a kitchen with a granite countertop cabinets and steel appliances
a bathroom with a sink a toilet and mirror
a view of an empty room with wooden floor
a kitchen with stainless steel appliances granite countertop a sink stove and refrigerator
an empty room with wooden floor and windows

Description

Turnkey property! This is a 5-unit building consisting of a desirable mix of three spacious 2 bed / 1 bath units and two comfy studios with on-property parking for each unit. The property has beautiful 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,...Turnkey property! This is a 5-unit building consisting of a desirable mix of three spacious 2 bed / 1 bath units and two comfy studios with on-property parking for each unit. The property has beautiful 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, New Stoves, New Toilets, 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 freeways within minutes. This represents a significant opportunity to maximize income in a high demand area that is constantly improving. Please do not disturb tenants!
  1. Listed by JIMMY TRAM • DRE #02151694 • Brokerage DRE #01878277 • EXP REALTY • 626-320-2382

Property Details for 3412 East 3rd Street

Parking Spaces Total
5
Private Pool
No
Cooling Type
Ductless
Total Units
5.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
3024
Assessor Parcel Number
5179-013-025

Location

Listing Courtesy of EXP REALTY, JIMMY TRAM, DRE #02151694
Add your commute
LISTING UPDATED: 04/29/2024 07:46 AM

Property Details for 3412 East 3rd Street

StatusActive
MLS #WS24084032
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
CountyLos Angeles County

Location

Listing Courtesy of EXP REALTY, JIMMY TRAM, DRE #02151694
Add your commute

Building Information for 3412 East 3rd Street

Building/Complex3412 E 3rd StFloor-Stories2Residences-Pet Policy-Year Built1957Building Size-

Payment Calculator

$7,810 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,685

Property Taxes

$1,125

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3412 East 3rd Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $87,000
  • Gross Scheduled Income: $88,236
  • Net Operating Income: $63,524
Expense Details
  • Operating Expense: $24,739
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,468
  • Maintenance Expense: $2,647
  • Professional Management Expense: $0
  • Trash Expense: $292
  • Water Sewer Expense: $3,219
  • Total Expenses: $24,739
Tax / Assessment Info
  • Tax Block: F
  • Tax Tract: 203900
  • Tax Tract Number: 203900
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Cooling: Ductless
  • Heating Type: Ductless
  • Heating: Ductless
Exterior Features
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Entry Location: Separate Entry
  • Foundation Details: Raised
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Front Yard, Rectangular Lot, Paved
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned, Concrete
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,028
  • Unit Type Total Rent: $2,028
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,204
  • Unit Type Total Rent: $1,204
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,500
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $749
  • Unit Type Total Rent: $749
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,872
  • Unit Type Total Rent: $1,872
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 3412 East 3rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3412 East 3rd Street

Taxable ValueLand$578,147Additions$473,030Total$1,051,177
Tax Record2023$13,499 ($1,125 / month)
Home Facts
Total Finished SqFt3,024 SqFtAbove Grade Finished SqFt3,024 SqFtLot Size7,775 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningLAR2CountyLOS ANGELESAPN5179-013-025

Schools near 3412 East 3rd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Belvedere Elementary School
Public - K to 5
Ramona Opportunity High School
Public - 7 to 12
Theodore Roosevelt Senior High
Public - 9 to 12
Felicitas And Gonzalo Mendez High
Public - 9 to 12
Rating
School
Distance
Belvedere Elementary School
PublicK to 5

Ramona Opportunity High School
Public7 to 12

Theodore Roosevelt Senior High
Public9 to 12

Felicitas And Gonzalo Mendez High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3412 East 3rd Street, Los Angeles, CA 90063

3412 East 3rd Street is a multi-family home for sale in Los Angeles, CA 90063. This property was listed for sale on April 25, 2024 by EXP REALTY, it's currently listed at $1,225,000. It has been on the market for a total of 12 days and was last sold on September 19, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Belvedere Elementary School, Ramona Opportunity High School and Theodore Roosevelt Senior High. 3412 East 3rd Street is a 6-bed, 5-bath, 3,024 sqft multi-family home built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP REALTY, JIMMY TRAM, DRE #02151694

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.