3812 1st, Los Angeles CA 90063 | $1,249,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 10084 Lot Sq Ft
  • Type: Apartment
  • Stories: 2
  • Year Built: 2025
  • MLS#: PW25125494
  • Community: C23 - Metropolitan

Listing provided courtesy of Bret Lewis of Bret Lewis, Broker. Last updated 2025-11-13 09:11:34.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.23 Acres
2 Stories

David Piper

Call or Text: 858-525-5007

DRE# 02021985