2419 E 3rd St - Apartments FOR SALE


Los Angeles, CA 90033- Boyle Heights
$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
Boyle Heights


HIGHLIGHTS

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

OVERVIEW

This brand-new multifamily property is a standout investment, offering a strong 6.66% cap rate and a market rent potential of $305,280 (adjusted for 4% vacancy). Delivered vacant and free from rent control, this asset provides maximum flexibility and profitability, making it ideal for savvy investors seeking high returns. Located on 3rd Street, just off the 10 Freeway, the property is situated in one of Los Angeles’s most rapidly developing Opportunity Zones, offering potential tax advantages. With a total Gross Building Area (GBA) of 10,415 square feet, the property includes two duplexes with spacious 5-bedroom, 5-bath and 6-bedroom, 5-bath units, as well as two additional 2-bedroom, 1-bath ADUs in the rear. All units are separately metered and equipped with solar panels to minimize operating expenses, enhancing the property’s efficiency and appeal. Set in a walkable neighborhood with increasing rental demand, this prime location offers easy access to Downtown LA, major transportation routes, and a variety of amenities. This exceptional investment opportunity is designed for strong cash flow, long-term appreciation, and sustainable profitability. Contact us today for more information or to schedule a private viewing of this exceptional property.

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

APARTMENT STYLE

Garden

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

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

Parker EvansDLA Construction LLCMore Info
928-846-1273

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