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$1,175,000

Beds
Unknown
sq ft
3,024

3412 E 3rd St, Los Angeles, CA 90063

3412 E 3rd St

Los Angeles, CA 90063

  • 66 days on market
    • Price drop $50,000↓
TURNKEY PROPERTY!!! This is a 5-unit building consisting of a desirable mix of three spacious 2 bed / 1 bath units and two comfy studios with on-property parking for each unit. The property has beautiful interior and exterior renovations recently made and represents pride of ownership. Improvements include but not limited to, Double-Pane Windows, Copper Pipe Plumbing, Split Duct Air Conditioning System, Granite Kitchen and Bathroom Countertops, Tile Bathroom Walls, Tile Flooring for Kitchen and Bathrooms, Vinyl Flooring for Living and Bedrooms, Kitchen Cabinets, New Stoves, New Toilets, Water Heaters, Interior and Exterior Painting. Located near major employment centers in Downtown Los Angeles and has direct access to the iconic Arts District via the historic 4th Street Bridge and recently opened 6th Street Viaduct. This location is well positioned in the gentrifying area of Boyle Heights and offers dominant access to entertainment and food possibilities. For the investor, there is tremendous upside potential in rents with access to the 5, 10, 60, and 101 freeways within minutes. This represents a significant opportunity to maximize income in a high demand area that is constantly improving. PLEASE DO NOT DISTURB TENANTS!!

Details

Property type

Apartment

Est. home value

$1,319,576

Property condition

Updated/Remodeled

Lot size

7,775 sq ft

Price per sq ft

$389

Year built

1957

Price History

06/10/2024
CRMLS

CRMLS #WS24084032

Price change
$1,175,000
-4.08%
04/26/2024
CRMLS

CRMLS #WS24084032

Listed
$1,225,000

Schools & Community

Neighborhood: 

Boyle Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Credit Union Of Southern California

Loan start date

September 2019

Original loan amount

$750,000

Est. remaining balance

Not provided

Interest rate

3.2%

Loan type

Building or Construction Loan, 10 year

Seller

Cy Edge Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 8:55 AM

Listing updated: 06/10/2024 at 3:53 PM

Listed by: JIMMY TRAM, EXP REALTY Phone #: (888) 832-7179

MLS: CRMLS #WS24084032

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