3501 E 3rd Place, Los Angeles, CA 90063 - Photo 1 of 41, Los Angeles, CA
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$1,199,699

3501 E 3rd Place, Los Angeles, CA 90063

LPT Realty, Inc
MLS® SR26014037
7Beds
3Baths
2,747Sq Ft
7Parking
1961Built
124Days Listed

About This Property

4- Unit Income Property with strong in Place Cash Flow - East Los Angeles (90063). (Residential/Commercial) Well- maintained, freshly painted 4 unit income property offering immediate cash flow and long term upside in a high demand rental area. The property consists of a detached 3bed/1bath, (2 units) 2bed/1bath, and a studio, all current occupied. All units are separated addressed, enhancing tenant privacy and operational flexibility. Making it ideal for investors seeking immediate cash flow with minimal vacancy risk and or first time home buyer looking to live in one and profit from the others. All tenants are reported by the seller to be current on rent. Located minutes from DTLA, major freeways, public transportation, employment centers and local amenities. Strong rental demand in the area supports long term appreciation and income growth. **IDEAL FOR BUY AND HOLD INVESTORS, MULTI-GENERATIONAL LIVING, OR OWNER OCCUPANTS SEEKING RENTAL INCOME** CURRENT RENT ROLL: - Main House 326 Velasco Ave 3bed/1bath): $3,000 - 3501 E 3rd (2bed/1) $1,350 - 3501 1/2 E Ave (2bed/1bath) $1,800 -Studio $900 Income: Gross Monthly Income: $7,050 Gross Annual Income: $84,600 **Buyer and buyer's agent to independently verify all information and perform their own due diligence. Listing agent, broker and seller make no warranties or representation.** Photos have been edited to give buyer's a vision and also to remove personal items.

Property Location

Map

Property Details

Property Type
Attached
Bedrooms
7
Bathrooms
3
Building Area
2,747 Sqft
Living Area
2,747 sqft
Year Built
1961
Stories
2.0
Status
Active
Days on Market
124
Cumulative Days on Market
100
Original Price
$1,199,999
MLS® Number
SR26014037

Location & Neighborhood

What's nearby 3501 E 3rd Place, Los Angeles, CA 90063

Parks & Recreation

Transit Access

Local Amenities

POI data updated 3/31/2026

Price History

$1,199,699

May 25, 2026

$200

-0.0%

$1,199,899

Mar 2, 2026

$100

-0.0%

Original List Price

$1,199,999

Los Angeles Market Snapshot

1,525

Active Listings

$800K

Median Price

88

Avg Days on Market

Last updated: Apr 30, 2026

Listed by

Carol Oliva, LPT Realty, Inc · 818-297-4205 · MLS® SR26014037

Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.

$1,199,699