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Listed by Maria D Moreno • Regional Real Estate
$ 1,750,000
Est. payment /mo
Pending
2415 East 3rd Street Los Angeles, CA 90033
4,736 SqFt
UPDATED:
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
Cooling Central Air
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