2429 E 3rd Los Angeles, CA 90033
Listing Courtesy of: CRMLS / Century 21 Allstars / Danny Navarro - Contact:  949-903-6633

  2429 E 3rd Los Angeles, CA 90033

Active (34 Days)
$1,299,999 (USD)

Description

Excellent opportunity to own a 5-unit income property in the heart of Boyle Heights, one of Los Angeles’ fastest-growing and centrally located neighborhoods. 2429 E 3rd St offers a strong unit mix with stable in-place rents and long-term upside in a high-demand rental market just minutes from Downtown LA.



Unit Breakdown (5 Units Total):



(1) 4 Bed / 2 Bath – $2,392.69/month



(1) 1 Bed / 1 Bath – $1,044.22/month



(1) Studio / 1 Bath – $1,076.19/month



(1) Studio / 1 Bath – $870.83/month



(1) Studio / 1 Bath – Vacant



(1) 3 Bed / 2 Bath - Vacant



Current Total Monthly Rent: approx. $6,851.68

(Strong rental base with potential future upside)



The property features a desirable mix of unit sizes appealing to a wide range of tenants, from families to individual renters. With continued demand for centrally located housing near Downtown LA, this asset provides both stable cash flow and long-term appreciation potential.



Boyle Heights & Area Growth:

Boyle Heights continues to see major public and private investment, making it one of the most watched submarkets in Los Angeles. The property is ideally located near:



Downtown Los Angeles (minutes away)



Metro Gold Line stations providing easy transit access



USC Medical Center and major employment hubs



Ongoing mixed-use and housing developments throughout the area



Popular local restaurants, cafes, and retail corridors along Cesar Chavez & 1st Street



Strong rental demand driven by its central location and improving infrastructure



With Los Angeles focusing on transit-oriented development and higher-density housing, Boyle Heights remains a key growth corridor for investors seeking long-term upside and consistent occupancy.



Investment Highlights:



5 Total Units



Strong in-place rental income



High-demand Boyle Heights location



Minutes to Downtown LA & major freeways



Transit-oriented neighborhood



Long-term appreciation potential



A solid multifamily investment in a rapidly evolving Los Angeles neighborhood with continued growth, development, and strong rental demand.

MLS #:
DW26019372
Lot Size
10,217 SQFT
Type
Multifamily
Year Built
1898
County
Los Angeles County

Listed By

Danny Navarro, DRE #01938421 CA, Century 21 Allstars, Contact: 949-903-6633
Source
CRMLS
Last checked Mar 3 2026 at 4:08 AM GMT+0000
Bathroom Details
Lot Information
  • Yard
Utility Information
  • Utilities: Sewer Not Available, Water Source: Public
Additional Information: Allstars | 949-903-6633
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Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.