Est. cap rate

3.7%

Assumed rent, all units

$5,250/mo

Units

3

Price per unit

$283,333

Est. annual NOI

$31,500

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

2,518 sqft

Lot size

7,494 sqft

Year built

1959

Stories

1

Garage spaces

0

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

15

MLS #

244435871

About this property

Excellent investment opportunity in the heart of Boyle Heights! This well-maintained triplex features three spacious 2-bedroom, 1-bathroom units situated across two buildings on a 7,494 sq. ft. lot, offering strong rental income potential and long-term investment value. Two of the three units have been thoughtfully updated with modern finishes, including remodeled kitchens and bathrooms, updated cabinetry, stylish tile work, luxury vinyl plank flooring, contemporary lighting, and dual-pane windows. The renovated bathrooms feature custom tile showers, newer vanities, and designer fixtures, while the updated interiors provide a clean, modern feel throughout. The property offers a large concrete driveway with ample off-street parking, gated access, and a fenced front yard that enhances privacy and curb appeal. Each unit is separately metered for gas and electricity, allowing tenants to pay their own utilities, while the owner currently pays for water. The property is serviced by three water heaters, including one recently replaced. Conveniently located near Downtown Los Angeles, major freeways, public transportation, schools, shopping, dining, and local parks, this property presents an excellent opportunity for investors seeking a well-maintained income-producing asset in a high-demand rental market.

Location

3411 E 2nd St

Los Angeles, Los Angeles, CA, 90063