3812 E 1st Street
Los Angeles, CA, 90063
$1,249,000
Beds
0 Baths
SqFt
0.23 Acres
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Ready-to-build 6-unit cash cow development located in the highly desirable Wellington Heights neighborhood of Boyle Heights. This ground-up construction project is Fully Entitled RTI Shovel Ready and ideal for investors or developers seeking strong rental income in one of Los Angeles&#39' fastest-growing neighborhoods for USC Spanish Style Villas.

The project includes three 3-bedroom, 2-bathroom units and three 2-bedroom, 2-bathroom units, all thoughtfully designed and unfurnished. Each unit comes with one dedicated parking space, totaling six parking spots for the entire property. The projected monthly rent is $3,995 for the 3-bedroom units and $3,195 for the 2-bedroom units, generating a total monthly pro forma income of $21,570 and an annual pro forma of $258,840 — offering a compelling yield in a supply-constrained market.

Positioned near Monterey Park and Downtown Los Angeles, the site offers unmatched accessibility to major employment centers, transit lines, and amenities. With a high Walk Score of 84, the property sits in a walker&#39's paradise, providing future tenants with convenient access to grocery stores, parks, restaurants, and public transportation — further elevating its long-term rental appeal.

This is a rare opportunity to build a high-yield multi-unit property in a rapidly developing pocket of Los Angeles. The project is ready to break ground—bring your team and start building today.

Property Details

Price:
$1,249,000
MLS #:
PW25125494
Status:
Active
Baths:
0
Address:
3812 E 1st Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c23metropolitan
City:
Los Angeles
Listed Date:
Jun 4, 2025
State:
CA
ZIP:
90063
Lot Size:
10,084 sqft / 0.23 acres (approx)
Year Built:
2025
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