Excellent opportunity to own a 5-unit income property in the heart of Boyle Heights, one of Los Angeles’ fastest-growing and centrally located neighborhoods. 2429 E 3rd St offers a strong unit mix with stable in-place rents and long-term upside in a high-demand rental market just minutes from Downtown LA.
Unit Breakdown… Read More (5 Units Total):
(1) 4 Bed / 2 Bath – $2,392.69/month
(1) 1 Bed / 1 Bath – $1,044.22/month
(1) Studio / 1 Bath – $1,076.19/month
(1) Studio / 1 Bath – $870.83/month
(1) Studio / 1 Bath – Vacant
(1) 3 Bed / 2 Bath - Vacant
Current Total Monthly Rent: approx. $6,851.68
(Strong rental base with potential future upside)
The property features a desirable mix of unit sizes appealing to a wide range of tenants, from families to individual renters. With continued demand for centrally located housing near Downtown LA, this asset provides both stable cash flow and long-term appreciation potential.
Boyle Heights & Area Growth:
Boyle Heights continues to see major public and private investment, making it one of the most watched submarkets in Los Angeles. The property is ideally located near:
Downtown Los Angeles (minutes away)
Metro Gold Line stations providing easy transit access
USC Medical Center and major employment hubs
Ongoing mixed-use and housing developments throughout the area
Popular local restaurants, cafes, and retail corridors along Cesar Chavez & 1st Street
Strong rental demand driven by its central location and improving infrastructure
With Los Angeles focusing on transit-oriented development and higher-density housing, Boyle Heights remains a key growth corridor for investors seeking long-term upside and consistent occupancy.
Investment Highlights:
5 Total Units
Strong in-place rental income
High-demand Boyle Heights location
Minutes to Downtown LA & major freeways
Transit-oriented neighborhood
Long-term appreciation potential
A solid multifamily investment in a rapidly evolving Los Angeles neighborhood with continued growth, development, and strong rental demand. Read Less
Property listed by Century 21 Allstars, Danny Navarro 949-903-6633
Listing Snapshot
Days Online
9
Last Updated
Property Type
Apartment
Lot Size
0.23 Acres
Year Built
1898
MLS Number
DW26019372
Additional Details
Building
Built in 1898, 3 buildings, 2 stories, Entry level: 1, Entry location: 1
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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