2415 East 3rd Street Pending Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90033
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,736 sqft
Price per Sqft $369
MLS Listing ID DW-25056403
Style Modern
Year Built 2025
Lot Size 5,003 Sqft
Property Sub-Type Duplex
Property Description
Massive Reduction from $1.9M to $1.75M! Please note: Project is 90% complete; images are for completion reference only. Discover a premier investment opportunity on 3rd Street, ideally situated just off the I-10 freeway in one of Los Angeles' most dynamic and rapidly appreciating neighborhoods. This new construction offering features a meticulously designed duplex with one 6-bedroom, 5-bathroom unit, one 5-bedroom, 5-bathroom unit, and one 2-bedroom, 1-bathroom ADU--now priced at an unbeatable $1.75 million. Want more? Pair it with the adjacent parcel (5180004010) for a full six-unit development at $3.5 million. Each unit is individually metered, simplifying management and cutting utility costs for the owner. Outfitted with advanced solar panels and sustainable materials, this property delivers energy-efficient operation and enhanced profitability. Boasting a stellar 7.23% cap rate--one of the highest in LA County for new construction--this asset offers exceptional cash flow and long-term value. Its prime location ensures easy access to Downtown Los Angeles, Santa Monica, and Culver City, surrounded by trendy cafes, top schools, and employment hubs--fueling strong tenant demand and premium rents. The versatile unit mix and high-end finishes attract renters while keeping maintenance low. This turnkey investment is poised for immediate returns and growth in LA's booming multi-family market. Acquire before the certificate of occupancy, and solar tax credits may apply (consult a tax advisor; seller makes no guarantees). Secure this rare find and capitalize on a high-demand locale with unmatched potential.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LAR2
Interior
Heating Central
Fireplaces Type None
Laundry In Closet,Inside
Exterior
Parking Features Garage,Driveway
Garage Spaces 2.0
Pool None
Community Features Curbs,Sidewalks
Building
Lot Description Level,2-5 Units/Acre
Sewer Public Sewer