Add Value in Prime Boyle Heights! 5 Units | 2819 E 3rd St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Add Value in Prime Boyle Heights! 5 Units 2819 E 3rd St
5 Unit Apartment Building $1,000,000 ($200,000/Unit) 3.44% Cap Rate Los Angeles, CA 90033
INVESTMENT HIGHLIGHTS
- Prime Boyle Heights Location & Major Value Add Opportunity
- Possible ADU Opportunity in Garage Area
- Close Proximity to Tenant Amenities Such As, Evergreen Park, Public Transportation, Retail and Dining Options Along 1st St.
- Attractive Seller Financing Available! 70% LTV 30% Down payment. Seller Financing for 30 years at 3.5%, Fully Amortized for 30 years!
- Ideal Unit Mix 3 One Bed Units and 2 Two Bed Units
- Proforma Cap Rate of 7.4% and 8.7 GRM
EXECUTIVE SUMMARY
Attractive Seller Financing Available! Minimum 70% LTV 30% Down payment. Seller Financing for 30 years at 3.5%, Fully Amortized for 30 years. 5 year prepayment penalty. Located in Boyle Heights, CA, 2819 E 3rd St offers comfort and convenience in a serene cul-de-sac setting. Zoned LAR2, the property features a generous lot size of 6,095 square feet and a substantial 3,348 square feet of building space. Built in 1969, it includes five units: two spacious 2-bedroom, 1-bathroom residences and three cozy 1-bedroom, 1-bathroom apartments. Its proximity to Evergreen recreational park enhances the lifestyle with easy access to outdoor activities. Ideal for investors seeking stability and proximity to amenities, this property in Boyle Heights is a compelling choice for rental income or portfolio diversification. Possible opportunity to add ADUs to property by taking advantage of the new laws and the existing garage space. There is a standalone 5-car garage as well as a tuck-under garage space in the rear of the building (All seismic retrofit work has been completed. Buyer to verify).
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS In Escrow
| Price | $1,000,000 | Apartment Style | Garden |
| Price Per Unit | $200,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 3.44% | Building Size | 3,348 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.9 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1969 |
| Property Type | Multifamily | Parking Ratio | 2.09/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,000,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 3.44% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.9 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 3,348 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 2.09/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Range
- Yard
- Family Room
- Garden
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $1,352 | 761 |
| 1+1 | 3 | $1,083 | 609 |
1 of 1
Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (70)
PROPERTY TAXES
| Parcel Number | 5180-013-038 | Improvements Assessment | $238,964 (2024) |
| Land Assessment | $108,613 (2024) | Total Assessment | $347,577 (2024) |
PROPERTY TAXES
Parcel Number
5180-013-038
Land Assessment
$108,613 (2024)
Improvements Assessment
$238,964 (2024)
Total Assessment
$347,577 (2024)
ZONING
| Zoning Code | R2 (Two family Dwelling) |
| R2 (Two family Dwelling) |
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Add Value in Prime Boyle Heights! 5 Units | 2819 E 3rd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.