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3812 1st Street, Los Angeles, CA 90063
Priced at Only: $1,249,000
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Address: 3812 1st Street, Los Angeles, CA 90063
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  • MLS#: PW25125494 ( Apartment )
  • Street Address: 3812 1st Street
  • Viewed: 1
  • Price: $1,249,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2025
  • Bldg sqft: 0
  • Days On Market: 318
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90063
  • Provided by: Bret Lewis, Broker
  • Contact: Bret Bret
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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 groundbring your team and start building today.
Features
Accessibility Features
  1. Parking
Association Fee
  1. 0.00
Building Area Total
  1. 6930.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 311
Entry Location
  1. Front
Fireplace Features
  1. None
Garage Spaces
  1. 0.00
Heating
  1. Central
Insurance Expense
  1. 0.00
Laundry Features
  1. See Remarks
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
  2. Level
  3. Yard
Netoperatingincome
  1. 0.00
Parcel Number
  1. 5233017005
Pool Features
  1. None
Postalcodeplus4
  1. 3602
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 440208670:CRM
Totalexpenses
  1. 0.00
Trash Expense
  1. 0.00
Utilities
  1. Electricity Available
  2. Sewer Available
  3. Water Available
View
  1. Neighborhood
Water Source
  1. Public
Year Built
  1. 2025
Year Built Source
  1. Assessor
Zoning
  1. LCC3*
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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