2419 E 3rd St - Apartments FOR SALE


Los Angeles, CA 90033- Boyle Heights
$3,500,000 USD
928-846-1273
2419 E 3rd St, Los Angeles, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/15
null | 7.23% Cap Rate

2419 E 3rd St
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • Prime Location - Boyle Heights Just Outside Downtown Los Angeles
  • Opportunity Zone
  • Strong Cash Flow Potential
  • Impressive 7.23% ProForma CAP Rate - One of the Best in Los Angeles
  • Walking Distance to Soto Station Which Serves 143,000 Weekday Riders in 2023.

OVERVIEW

Massive $300K Price Reduction—Now $3.5M! Presenting an unmatched investment opportunity on 3rd Street, just off the I-10 freeway in one of LA’s hottest, high-growth neighborhoods. At 90% complete (images for completion reference only), this new construction boasts one of the highest CAP rates in LA County at 7.23%—a rare find for a modern multi-family asset. Featuring six premium units—two 6-bed/5-bath, two 5-bed/5-bath, and two 2-bed/1-bath ADUs—all individually metered with solar panels and smart tech for maximum efficiency and profitability. Also available as a separate $1.75M parcel (parcel #5180004008) as a duplex + ADU. With prime access to Downtown LA, Santa Monica, and Culver City, this turnkey property promises strong cash flow, tenant demand, and long-term appreciation. Act now—opportunities like this don’t last!

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$336 USD /SF

# OF UNITS

6

PRICE/UNIT

$583,333

CAP RATE

7.23%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6-Units New Construction 7.23% Cap Rate

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.