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Excellent opportunity to own a 5-unit income property in the heart of Boyle Heights, one of Los Angeles' fastest-growing and centrally located neighborhoods. 2429 E 3rd St offers a strong unit mix with stable in-place rents and long-term upside in a high-demand rental market just minutes from Downtown LA. Unit Breakdown (5 Units Total): (1) 4 Bed / 2 Bath - $2,392.69/month (1) 1 Bed / 1 Bath - $1,044.22/month (1) Studio / 1 Bath - $1,076.19/month (1) Studio / 1 Bath - $870.83/month (1) Studio / 1 Bath - Vacant (1) 3 Bed / 2 Bath - Vacant Current Total Monthly Rent: approx. $6,851.68 (Strong rental base with potential future upside) The property features a desirable mix of unit sizes appealing to a wide range of tenants, from families to individual renters. With continued demand for centrally located housing near Downtown LA, this asset provides both stable cash flow and long-term appreciation potential. Boyle Heights & Area Growth: Boyle Heights continues to see major public and private investment, making it one of the most watched submarkets in Los Angeles. The property is ideally located near: Downtown Los Angeles (minutes away) Metro Gold Line stations providing easy transit access USC Medical Center and major employment hubs Ongoing mixed-use and housing developments throughout the area Popular local restaurants, cafes, and retail corridors along Cesar Chavez & 1st Street Strong rental demand driven by its central location and improving infrastructure With Los Angeles focusing on transit-oriented development and higher-density housing, Boyle Heights remains a key growth corridor for investors seeking long-term upside and consistent occupancy. Investment Highlights: 5 Total Units Strong in-place rental income High-demand Boyle Heights location Minutes to Downtown LA & major freeways Transit-oriented neighborhood Long-term appreciation potential A solid multifamily investment in a rapidly evolving Los Angeles neighborhood with continued growth, development, and strong rental demand.
| DAYS ON MARKET | 49 | LAST UPDATED | 1/27/2026 |
|---|---|---|---|
| YEAR BUILT | 1898 | COMMUNITY | BOYH - Boyle Heights |
| GARAGE SPACES | 2.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AREA | BOYH - Boyle Heights |
|---|---|
| GARAGE | Yes |
| LOT | 10219 sq ft |
| LOT DIMENSIONS | 10217 |
| POOL DESCRIPTION | None |
| SEWER | None |
| STORIES | 2 |
| UTILITIES | Sewer Not Available |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 3/17/26 4:51 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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