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Turn-Key Investment Property 3412 E 3rd St 5 Unit Apartment Building $1,299,999 ($260,000/Unit) 5% Cap Rate Los Angeles, CA 90063
INVESTMENT HIGHLIGHTS
- Steady upward momentum, especially notable in Studio and 2BR units. Signals growing demand for both entry-level and larger family-sized units.
- 1957 build = solid bones + ADU/soft-story upside (buyer to verify).
- High walk score — residents are steps away from local grocers, taquerias, schools, and cafes.
- Steps from Gold Line at Pico/Aliso & Indiana stations — A-Line access straight to DTLA, Pasadena & East LA
- Less than 2 mi to USC/L.A. County + USC Med Center expansion — spurring job-driven housing demand.
- Tenant base = 5 tight-knit units (Studio/2BR), strong pay history & low turnover.
EXECUTIVE SUMMARY
Less than 2 mi to USC/L.A. County + USC Med Center expansion — spurring job-driven housing demand. Steps from Gold Line at Pico/Aliso & Indiana stations — A-Line access straight to DTLA, Pasadena & East LA High walk score — residents are steps away from local grocers, taquerias, schools, and cafes. Tenant base = 5 tight-knit units (Studio/2BR), strong pay history & low turnover. R2 zoning + existing 5-unit structure allows for at least one detached ADU and potentially a Junior ADU (JADU), subject to site layout and city review. ADUs built after 2019 are exempt from statewide rent control (AB 1482), enabling full market rent potential. No seismic retrofit obligations apply to this property (per current information), allowing investors to focus capital on income-generating improvements rather than mandated compliance.
PROPERTY FACTS
| Price | $1,299,999 | Apartment Style | Low-Rise |
| Price Per Unit | $260,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 5% | Building Size | 3,024 SF |
| Gross Rent Multiplier | 14.72 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 1.65/1,000 SF |
| Zoning | R2 | ||
| Price | $1,299,999 |
| Price Per Unit | $260,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 14.72 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 3,024 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.65/1,000 SF |
| Zoning | R2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 2+1 | 3 | - | - |
Walk Score®
Very Walkable (87)
Transit Score®
Excellent Transit (71)
PROPERTY TAXES
| Parcel Number | 5179-013-025 | Improvements Assessment | $492,139 |
| Land Assessment | $601,503 | Total Assessment | $1,093,642 |
PROPERTY TAXES
Parcel Number
5179-013-025
Land Assessment
$601,503
Improvements Assessment
$492,139
Total Assessment
$1,093,642
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Turn-Key Investment Property | 3412 E 3rd St
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