2419 E 3rd St - Apartments FOR SALE


Los Angeles, CA 90033- Southeast Los Angeles
$3,800,000 USD
928-846-1273
2419 E 3rd St, Los Angeles, CA for Sale
$3,800,000 USD
Apartments - FOR SALE
1/8
null | 6.66% Cap Rate

2419 E 3rd St
Los Angeles, CA 90033
Southeast Los Angeles


HIGHLIGHTS

  • Prime Location - 3rd St. off 10 Freeway
  • Opportunity Zone
  • Strong Cash Flow Potential

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$365 USD /SF

# OF UNITS

6

PRICE/UNIT

$633,333

CAP RATE

6.66%

% LEASED

0%

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime New-Construction Multi-Family

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,004 SF

ZONING

-

APN/PARCEL ID

5180-004-008

ASK ABOUT THIS PROPERTY

Parker EvansDLA Construction LLCMore Info
928-846-1273

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Parker EvansDLA Construction LLCMore Info
928-846-1273

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.