3812 E 1st ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90063
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25125494
Year Built 2025
Lot Size 10,084 Sqft
Source California Regional MLS
Property Description
Ready-to-build 6-unit cash cow development located in the highly desirable Wellington Heights neighborhood of Boyle Heights. This ground-up construction project is Fully Entitled RTI Shovel Ready and ideal for investors or developers seeking strong rental income in one of Los Angeles' fastest-growing neighborhoods for USC Spanish Style Villas. The project includes three 3-bedroom, 2-bathroom units and three 2-bedroom, 2-bathroom units, all thoughtfully designed and unfurnished. Each unit comes with one dedicated parking space, totaling six parking spots for the entire property. The projected monthly rent is $3,995 for the 3-bedroom units and $3,195 for the 2-bedroom units, generating a total monthly pro forma income of $21,570 and an annual pro forma of $258,840 - offering a compelling yield in a supply-constrained market. Positioned near Monterey Park and Downtown Los Angeles, the site offers unmatched accessibility to major employment centers, transit lines, and amenities. With a high Walk Score of 84, the property sits in a walker's paradise, providing future tenants with convenient access to grocery stores, parks, restaurants, and public transportation - further elevating its long-term rental appeal. This is a rare opportunity to build a high-yield multi-unit propert
Location
State CA
County Los Angeles
Area C23 - Metropolitan
Interior
Heating Central Forced Air
Cooling Central AC
Exterior
Pool None
View Local/Neighborhood
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 5233017005
Special Listing Condition Not Applicable