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3812 E 1st Street, 
Los Angeles, CA 90063

$1,249,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Bret Lewis

Bret Lewis, Broker

Last updated:

June 12, 2025, 01:56 PM

MLS#

PW25125494

Source:

SANDICOR

About This Home

3812 E 1st Street

Introducing the USC Spanish Style Villas a 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. 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.

Home Facts

Multi-Family

Price Summary

1,249,000

MLS #:

PW25125494

Last Updated:

June 12, 2025, 01:56 PM

Added:

12 day(s) ago


Lot

Lot Size (Sq. Ft):

10,084


Finances & Disclosures

Finances

Price:

$1,249,000

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