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.
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.
Property Details
Price:
$1,299,999
MLS #:
DW26019372
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
boyhboyleheights
Listed Date:
Jan 27, 2026
Total Sq Ft:
5,146
Lot Size:
10,217 sqft / 0.23 acres (approx)
Year Built:
1898
See this Listing
Schools
Interior
Laundry Features
NO
Exterior
Community Features
URB
Parking Spots
2
Financial
Map
Community
- Address2429 E 3rd Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90033
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Feb 10, 2026
6,230
Single Family Listed
66
Avg DOM
519
Avg $ / SqFt
$1,494,282
Avg List Price
Property Summary
- 2429 E 3rd Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90033. It is listed for $1,299,999 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1898. The average price per square foot for Single Family listings in Los Angeles is $519. The average listing price for Single Family in Los Angeles is $1,494,282.
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Courtesy of Century 21 Allstars. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.2429 E 3rd
Los Angeles, CA