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'' 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''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.
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''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
See this Listing
Mortgage Calculator
Schools
Interior
Accessibility Features
Parking
Cooling
Central Air
Fireplace Features
None
Heating
Central
Exterior
Community Features
Suburban
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre, Level, Yard
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
View
Neighborhood
Water Source
Public
Financial
Association Fee
0.00
Utilities
Electricity Available, Sewer Available, Water Available
Map
Community
- Address3812 E 1st Street Los Angeles CA
- AreaC23 – Metropolitan
- CityLos Angeles
- CountyLos Angeles
- Zip Code90063
Similar Listings Nearby
- 6521 Walker Avenue
Bell, CA$1,609,000
4.23 miles away
- 6910 CHANSLOR Avenue
Bell, CA$1,600,000
4.49 miles away
- 886 E 43rd Place
Los Angeles, CA$1,600,000
4.85 miles away
- 5442 Pomona Boulevard
East Los Angeles, CA$1,599,000
2.07 miles away
- 932 S Montebello Boulevard
Montebello, CA$1,599,000
4.85 miles away
- 3733 Bostwick Street
Los Angeles, CA$1,575,000
1.15 miles away
- 837 White Knoll Drive
Los Angeles, CA$1,570,000
4.29 miles away
- 1581 College View Drive
Monterey Park, CA$1,550,000
1.97 miles away
- 1611 Cesar Chavez
Los Angeles, CA$1,549,999
2.25 miles away
- 4264 Capistrano Way
East Los Angeles, CA$1,500,000
0.65 miles away

3812 E 1st Street
Los Angeles, CA
LIGHTBOX-IMAGES