Don’t miss this remodeled, cash-flow generating triplex located just east of Downtown Los Angeles, in the vibrant heart of Boyle Heights. The property features a spacious 3-bedroom, 1-bath single-family house in the front, which has been fully renovated. The house includes engineered hardwood floors, updated appliances, remodeled bathroom and kitchen, central air and heat, and in-unit laundry. In the back is a two-story duplex, each 1-bedroom / 1-bath units. Both units are remodeled. Tenants pay for gas and electric, as well as ratio-utility billing for shared costs such as water and sewer — increasing net income for the owner. In the rear of the duplex is a fenced in closed patio with shared laundry for the back tenants — a versatile layout perfect for investors or potential owner-occupants. On-site parking included for all 3 units. Pro Forma GRM is 11.32 with a cap rate of 6.6%, The rear units are NOT subject to LA City Rent Stabilization Ordinance (not under LA rent control). Current rents are at or near market levels with recent 3rd party appraisal coming in at $940k. One rear unit will be delivered vacant, ideal for an owner-user or immediate rental upside. This is a turn-key investment with strong in-place income and significant long-term upside potential in one of LA’s most dynamic rental markets. With close proximity to Downtown LA, public transit, Mariachi Plaza and the 101/5/60/710 freeways, this property offers both convenience and consistent tenant demand.
Property Details
Price:
$899,000
MLS #:
25531059
Status:
Active
Baths:
0
Address:
3317 E 8th Street
Type:
Residential Income
Neighborhood:
boyhboyleheights
City:
Los Angeles
Listed Date:
Apr 28, 2025
State:
CA
ZIP:
90023
Lot Size:
5,642 sqft / 0.13 acres (approx)
Year Built:
1949
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Central Air
Fireplace Features
None
Heating
Central, Wall Furnace
Exterior
Parking Features
Parking Space, Private
Parking Spots
3.00
Pool Features
None
Spa Features
None
Stories Total
1
View
None
Financial
Map
Community
- Address3317 E 8th Street Los Angeles CA
- AreaBOYH – Boyle Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90023
Similar Listings Nearby
- 1101 S Union Avenue
Los Angeles, CA$1,150,000
4.32 miles away
- 5077 Borland Road
Los Angeles, CA$1,150,000
3.75 miles away
- 263 S Park View Street
Los Angeles, CA$1,150,000
4.96 miles away
- 938 S Bernal Avenue
Los Angeles, CA$1,150,000
0.37 miles away
- 127 N Savannah Street
Los Angeles, CA$1,149,000
1.34 miles away
- 1827 E 66th Street
Los Angeles, CA$1,149,000
3.54 miles away
- 6053 Allston Street
Los Angeles, CA$1,149,000
3.69 miles away
- 625 E 49th Street
Los Angeles, CA$1,148,000
3.72 miles away
- 1560 E 66th Street
Los Angeles, CA$1,147,000
3.73 miles away
- 638 N Boyle Avenue
Los Angeles, CA$1,140,000
2.14 miles away

3317 E 8th Street
Los Angeles, CA
LIGHTBOX-IMAGES