3812 E 1st Street, Los Angeles, CA 90063
Local realty services provided by:CENTURY 21 Jordan-Link
3812 E 1st Street,Los Angeles, CA 90063
$1,249,000
- - Beds
- - Baths
- 6,930 sq. ft.
- Multi-family
- Active
Listed by: bret lewis
Office: bret lewis, broker562-726-2515
MLS#:PW25125494
Source:CRMLS
Price summary
- Price:$1,249,000
- Price per sq. ft.:$180.23
About this home
Ready-to-build 6-unit cash cow development located in the highly desirable Wellington Heights neighborhood of Boyle Heights. This ground-up construction project is Fully Entitled RTI Shovel Ready and ideal for investors or developers seeking strong rental income in one of Los Angeles' fastest-growing neighborhoods for USC Spanish Style Villas.
The project includes three 3-bedroom, 2-bathroom units and three 2-bedroom, 2-bathroom units, all thoughtfully designed and unfurnished. Each unit comes with one dedicated parking space, totaling six parking spots for the entire property. The projected monthly rent is $3,995 for the 3-bedroom units and $3,195 for the 2-bedroom units, generating a total monthly pro forma income of $21,570 and an annual pro forma of $258,840 — offering a compelling yield in a supply-constrained market.
Positioned near Monterey Park and Downtown Los Angeles, the site offers unmatched accessibility to major employment centers, transit lines, and amenities. With a high Walk Score of 84, the property sits in a walker's paradise, providing future tenants with convenient access to grocery stores, parks, restaurants, and public transportation — further elevating its long-term rental appeal.
This is a rare opportunity to build a high-yield multi-unit property in a rapidly developing pocket of Los Angeles. The project is ready to break ground—bring your team and start building today....
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Home facts
- Year built:2025
- Listing ID #:PW25125494
- Added:355 day(s) ago
- Updated:May 27, 2026 at 10:44 AM
Rooms and interior
- Living area:6,930 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2025
- Building area:6,930 sq. ft.
- Lot area:0.23 Acres
- Lot Features:Level with Street, Yard
- Levels:2 Story
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$1,249,000
- Price per sq. ft.:$180.23
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