Property Detail

Description

Excellent opportunity to own a 5-unit income property in the heart of Boyle Heights, one of Los Angeles fastest-growing and centrally located neighborhoods. 2429 E 3rd St offers a strong unit mix with stable in-place rents and long-term upside in a high-demand rental market just minutes from Downtown LA. Unit Breakdown (5 Units Total): (1) 4 Bed / 2 Bath $2,392.69/month (1) 1 Bed / 1 Bath $1,044.22/month (1) Studio / 1 Bath $1,076.19/month (1) Studio / 1 Bath $870.83/month (1) Studio / 1 Bath Vacant (1) 3 Bed / 2 Bath - Vacant Current Total Monthly Rent: approx. $6,851.68 (Strong rental base with potential future upside) The property features a desirable mix of unit sizes appealing to a wide range of tenants, from families to individual renters. With continued demand for centrally located housing near Downtown LA, this asset provides both stable cash flow and long-term appreciation potential. Boyle Heights & Area Growth: Boyle Heights continues to see major public and private investment, making it one of the most watched submarkets in Los Angeles. The property is ideally located near: Downtown Los Angeles (minutes away) Metro Gold Line stations providing easy transit access USC Medical Center and major employment hubs Ongoing mixed-use and housing developments throughout the area Popular local restaurants, cafes, and retail corridors along Cesar Chavez & 1st Street Strong rental demand driven by its central location and improving infrastructure With Los Angeles focusing on transit-oriented development and higher-density housing, Boyle Heights remains a key growth corri