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$899,000

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5 Beds

3 Baths

2,186 SqFt

Active Under Contract

3317 E 8th St Los Angeles, CA 90023

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Asianna Joyce

asianna@ajluxuryestates.com +1(310) 717-8030

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,186 sqft

Price per Sqft $411

MLS Listing ID 25531059

Style Bungalow

Bedrooms 5

Construction Status Repair Cosmetic

Year Built 1949

Lot Size 5,642 Sqft

Acres 0.1295

Property Sub-Type Multi-Family

Property Description

Don't miss this remodeled, cash-flow generating triplex located just east of Downtown Los Angeles, in the vibrant heart of Boyle Heights. The property features a spacious 3-bedroom, 1-bath single-family house in the front, which has been fully renovated. The house includes engineered hardwood floors, updated appliances, remodeled bathroom and kitchen, central air and heat, and in-unit laundry. In the back is a two-story duplex, each 1-bedroom / 1-bath units. Both units are remodeled. Tenants pay for gas and electric, as well as ratio-utility billing for shared costs such as water and sewer -- increasing net income for the owner. In the rear of the duplex is a fenced in closed patio with shared laundry for the back tenants -- a versatile layout perfect for investors or potential owner-occupants. On-site parking included for all 3 units. Pro Forma GRM is 11.32 with a cap rate of 6.6%, The rear units are NOT subject to LA City Rent Stabilization Ordinance (not under LA rent control). Current rents are at or near market levels with recent 3rd party appraisal coming in at $940k. One rear unit will be delivered vacant, ideal for an owner-user or immediate rental upside. This is a turn-key investment with strong in-place income and significant long-term upside potential in one of LA's most dynamic rental markets. With close proximity to Downtown LA, public transit, Mariachi Plaza and the 101/5/60/710 freeways, this property offers both convenience and consistent tenant demand.

Location

State CA

County Los Angeles

Area Boyle Heights

Zoning LARD1.5

Rooms

Other Rooms None

Kitchen Tile Counters

Interior

Heating Central, Wall

Cooling Air Conditioning, Central, Ceiling Fan

Flooring Engineered Hardwood, Ceramic Tile

Fireplaces Type None

Equipment None

Laundry Community, Laundry Area, Inside, Outside, Laundry Closet Stacked, In Unit

Exterior

Parking Features Parking Space, Private

Garage Spaces 3.0

Pool None

Amenities Available None

Waterfront Description None

View Y/N No

View None

Building

Story 1

Architectural Style Bungalow

Level or Stories Multi/Split

Structure Type Stucco

Construction Status Repair Cosmetic

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by The Collective Realty

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Asianna Joyce

Agent | License ID: 02204089

+1(310) 717-8030

3317 E 8th St Los Angeles, CA 90023

Asianna Joyce

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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3317 E 8th St