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3412 E 3rd St 5 Unit Apartment Building $1,175,000 ($235,000/Unit) 4.54% Cap Rate Los Angeles, CA 90063
Executive Summary
Compass Commercial is pleased to present 3412 E 3rd St, a 5-unit two-story building situated in the heart of Boyle Heights. The building is comprised of (3) 2Bd/1Ba and (2) studio units with (5) on-site parking for each unit. The property has been well maintained, generating stable and dependable in-place cash flow, while continuing to present meaningful value-add potential through strategic renovations, rent growth, and operational enhancement. This asset offers a balance of immediate income and future upside, with the ability to enhance returns over time while benefitting from the area's continued growth and demand.
Please reach out to Young Kim directly for a copy of the OM.
Please reach out to Young Kim directly for a copy of the OM.
Property Facts
| Price | $1,175,000 | Apartment Style | Low-Rise |
| Price Per Unit | $235,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 4.54% | Building Size | 3,024 SF |
| Gross Rent Multiplier | 12.9 | 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 | $1,175,000 |
| Price Per Unit | $235,000 |
| Sale Type | Investment |
| Cap Rate | 4.54% |
| Gross Rent Multiplier | 12.9 |
| 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 | - | - |
1 1
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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3412 E 3rd St
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