Located on 3rd Street, just off the 10 Freeway, this brand-new multi-family property is a rare find in one of LA’s most rapidly developing Opportunity Zones. The property features six total units, including two duplexes with 5-bedroom, 5-bath units and 6-bedroom, 5-bath units, as well as two additional 2-bedroom, 1-bath ADUs in the rear. With a total Gross Building Area (GBA) of 10,415 square feet, all units are separately metered and equipped with green features like solar panels to minimize operating expenses.
Offering a strong 6.66% cap rate and a market rent potential of $305,280 (adjusted for 4% vacancy), this is an ideal opportunity for savvy investors seeking a high-performing asset. Delivered vacant and free from rent control, the property is designed to generate strong cash flow and long-term appreciation. Its prime location in a walkable neighborhood with increasing rental demand offers easy access to Downtown LA, major transportation routes, and amenities. Don’t miss the chance to secure this exceptional investment property in the heart of Los Angeles. Contact us today for more information!