3812 E 1st ST new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90063
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25125494
HOA Y/N No
Year Built 2025
Lot Size 10,084 Sqft
Property Sub-Type Apartment
Property Description
Introducing the USC Spanish Style Villas — a 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.
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.
Location
State CA
County Los Angeles
Area C23 - Metropolitan
Zoning LCC3*
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry See Remarks
Exterior
Pool None
Community Features Suburban
Utilities Available Electricity Available,Sewer Available,Water Available
View Y/N Yes
View Neighborhood
Accessibility Parking
Private Pool No
Building
Lot Description 0-1 Unit/Acre,Level,Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5233017005
Acceptable Financing Cash,Cash to New Loan,1031 Exchange
Listing Terms Cash,Cash to New Loan,1031 Exchange
Special Listing Condition Standard