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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.
Property Type(s):
Residential Income
| Last Updated | 1/27/2026 | Year Built | 1898 |
|---|---|---|---|
| Community | BOYH - Boyle Heights | Garage Spaces | 2.0 |
| County | Los Angeles |
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 |
Location
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Listed with Century 21 Allstars
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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