2415 E 3rd Street
Los Angeles, CA, 90033
$1,750,000
Beds
0 Baths
SqFt
0.11 Acres
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Massive Reduction from $1.9M to $1.75M! Please note: Project is 90% complete' images are for completion reference only. Discover a premier investment opportunity on 3rd Street, ideally situated just off the I-10 freeway in one of Los Angeles’ most dynamic and rapidly appreciating neighborhoods. This new construction offering features a meticulously designed duplex with one 6-bedroom, 5-bathroom unit, one 5-bedroom, 5-bathroom unit, and one 2-bedroom, 1-bathroom ADU—now priced at an unbeatable $1.75 million. Want more? Pair it with the adjacent parcel (5180004010) for a full six-unit development at $3.5 million. Each unit is individually metered, simplifying management and cutting utility costs for the owner. Outfitted with advanced solar panels and sustainable materials, this property delivers energy-efficient operation and enhanced profitability. Boasting a stellar 7.23% cap rate—one of the highest in LA County for new construction—this asset offers exceptional cash flow and long-term value. Its prime location ensures easy access to Downtown Los Angeles, Santa Monica, and Culver City, surrounded by trendy cafes, top schools, and employment hubs—fueling strong tenant demand and premium rents. The versatile unit mix and high-end finishes attract renters while keeping maintenance low. This turnkey investment is poised for immediate returns and growth in LA’s booming multi-family market. Acquire before the certificate of occupancy, and solar tax credits may apply (consult a tax advisor' seller makes no guarantees). Secure this rare find and capitalize on a high-demand locale with unmatched potential.

Property Details

Price:
$1,750,000
MLS #:
DW25056403
Status:
Pending
Baths:
0
Address:
2415 E 3rd Street
Type:
Residential Income
Subtype:
Duplex
Neighborhood:
boyhboyleheights
City:
Los Angeles
Listed Date:
Mar 13, 2025
State:
CA
ZIP:
90033
Lot Size:
5,003 sqft / 0.11 acres (approx)
Year Built:
2025
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Schools

Interior

Cooling
Central Air
Fireplace Features
None
Heating
Central

Exterior

Community Features
Curbs, Sidewalks
Garage Spaces
2.00
Green Energy Generation
Solar
Lot Features
2-5 Units/ Acre, Level
Parking Features
Driveway, Garage
Parking Spots
5.00
Pool Features
None
Security Features
Fire and Smoke Detection System, Fire Sprinkler System, Smoke Detector(s)
Sewer
Public Sewer
Stories Total
3
Water Source
Public

Financial

Map

Community

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2415 E 3rd Street
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