Listed by Aaron Jacobson, Lyon Stahl Investment Real Estate, Inc., (310) 425-9838 . Bought with NONMEMBER MRML
2028 E 3rd St
Los Angeles, CA 90033
Boyle Heights- 14 Beds
- 6 Baths
- 5,033 sqft
14 Beds
6 Baths
5,033 sqft
Local Information
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Description
Property will be delivered 100% Vacant by Close of Escrow!
8.8% Cap Rate! One of the best in Los Angeles County!
2028 E 3rd St is a meticulously remodeled 5 Unit
Apartment in the heart of Los Angeles. Boasting an
excellent unit mx with (2) 2-Bed/1-Bath, (2) 3-Bed/1-Bath
and (1) 4-Bed/2-Bath units, each unit has been renovated
with contemporary fixtures, new flooring, modern
bathrooms, and in unit laundry hookups.
This 4-Bed/2-Bath unit comes as a detached residence
with private alley access and it's own two car garage. The
offering comes with endless opportunity, highlighted by
this garage that can be converted into an ADU (Buyer to
Verify). This offering presents an investor the opportunity
to acquire a fully tenant-ready Asset in Boyle Heights operating
at a 8.80% Cap Rate and 8.16 GRM. Offered at only
$316/Sq. Ft, this turn-key apartment is fit for any investor
to add a cash cow to their apartment portfolio.
Boyle Heights is a quickly growing neighborhood in Los
Angeles adjacent to Downtown Los Angeles. A vibrant and
culturally diverse neighborhood known for its rich history,
tight-knit community, and eclectic mix of cuisines, Boyle
Heights offers a dynamic blend of residential charm,
thriving local businesses, and a vibrant arts scene. With a
close proximity to the train line stop and walking distance
to Hollenbeck Park, and restaurants, bars and nightlife.
8.8% Cap Rate! One of the best in Los Angeles County!
2028 E 3rd St is a meticulously remodeled 5 Unit
Apartment in the heart of Los Angeles. Boasting an
excellent unit mx with (2) 2-Bed/1-Bath, (2) 3-Bed/1-Bath
and (1) 4-Bed/2-Bath units, each unit has been renovated
with contemporary fixtures, new flooring, modern
bathrooms, and in unit laundry hookups.
This 4-Bed/2-Bath unit comes as a detached residence
with private alley access and it's own two car garage. The
offering comes with endless opportunity, highlighted by
this garage that can be converted into an ADU (Buyer to
Verify). This offering presents an investor the opportunity
to acquire a fully tenant-ready Asset in Boyle Heights operating
at a 8.80% Cap Rate and 8.16 GRM. Offered at only
$316/Sq. Ft, this turn-key apartment is fit for any investor
to add a cash cow to their apartment portfolio.
Boyle Heights is a quickly growing neighborhood in Los
Angeles adjacent to Downtown Los Angeles. A vibrant and
culturally diverse neighborhood known for its rich history,
tight-knit community, and eclectic mix of cuisines, Boyle
Heights offers a dynamic blend of residential charm,
thriving local businesses, and a vibrant arts scene. With a
close proximity to the train line stop and walking distance
to Hollenbeck Park, and restaurants, bars and nightlife.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from April 30, 2024
Home Highlights
Parking
Garage
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 2028 E 3rd St
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Beds & Baths Number of Bedrooms: 14Number of Bathrooms: 6 |
Appliances & Utilities Laundry: Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Inside,Laundry Room |
Fireplace & Spa Fireplace: Family RoomHas a Fireplace |
Windows, Doors, Floors & Walls Common Walls: No Common Walls |
Levels, Entrance, & Accessibility Number of Stories: 2Entry Location: Front |
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Exterior Home Features No Private Pool |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageParking Spaces: 2Parking: Garage |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 30 |
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Year Built Year Built: 1925 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionNot Attached PropertyNo Additional Parcels |
Property Information Parcel Number: 5183012021 |
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Price List Price: $1,595,000 |
Status Change & Dates Off Market Date: Mon Apr 29 2024Possession Timing: Close Of Escrow |
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MLS Status: Closed |
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Direction & Address City: Los Angeles |
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Building Area Building Area: 5033 Square Feet |
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Community Features: Biking, Curbs, Hiking, Park, Sidewalks, UrbanNot Senior Community |
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Association for this Listing: California Regional MLS |
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Lot Area: 6303 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash, Cash to Existing Loan, Cash to New Loan, Private Financing Available |
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Has Rent Control |
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Mls Number: SB24016974Living Area Range Units: Square FeetAttribution Contact: 310-729-1559Common Interest: Community ApartmentUniversal Property Id: US-06037-N-5183012021-R-N |
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BikingCurbsHikingParkSidewalksUrban |
Last check for updates: about 9 hours ago
Listed by Aaron Jacobson DRE #02100737, (310) 729-1559
Lyon Stahl Investment Real Estate, Inc.
Cameron Samimi DRE #02035763
Lyon Stahl Investment Real Estate, Inc.
Bought with: General NONMEMBER DRE #02159008, NONMEMBER MRML
Originating MLS: California Regional MLS
Source: CRMLS, MLS#SB24016974

Price History for 2028 E 3rd St
| Date | Price | Event | Source |
|---|---|---|---|
| 03/13/2025 | $2,745 | ListingRemoved | Zillow Rentals |
| 02/01/2025 | $2,745 | Listed For Rent | Zillow Rentals |
| 04/29/2024 | $1,575,000 | Sold | CRMLS #SB24016974 |
| 04/10/2024 | ListingRemoved | Zillow Rentals | |
| 03/19/2024 | $3,052 | PriceChange | Zillow Rentals |
| 03/16/2024 | $2,600 | PriceChange | Zillow Rentals |
| 03/10/2024 | $3,200 | PriceChange | Zillow Rentals |
| 03/08/2024 | $3,052 | PriceChange | Zillow Rentals |
| 03/07/2024 | $3,200 | PriceChange | Zillow Rentals |
| 03/06/2024 | $2,600 | PriceChange | Zillow Rentals |
| 02/29/2024 | $3,200 | PriceChange | Zillow Rentals |
| 02/28/2024 | $1,595,000 | Contingent | CRMLS #SB24016974 |
| 02/28/2024 | $3,052 | PriceChange | Zillow Rentals |
| 02/24/2024 | $3,500 | PriceChange | Zillow Rentals |
| 02/20/2024 | $2,600 | PriceChange | Zillow Rentals |
| 02/18/2024 | $3,500 | PriceChange | Zillow Rentals |
| 02/16/2024 | $3,052 | PriceChange | Zillow Rentals |
| 02/12/2024 | $2,600 | PriceChange | Zillow Rentals |
| 02/10/2024 | $3,500 | PriceChange | Zillow Rentals |
| 01/31/2024 | $2,600 | Listed For Rent | Zillow Rentals |
| 01/30/2024 | ListingRemoved | Zillow Rentals | |
| 01/29/2024 | $1,595,000 | Listed For Sale | CRMLS #SB24016974 |
| 11/15/2023 | $3,500 | Listed For Rent | Zillow Rentals |
| 09/29/2023 | $950,000 | Sold | CRMLS #SB23086645 |
| 07/31/2023 | $1,100,000 | Contingent | CRMLS #SB23086645 |
| 07/20/2023 | $1,100,000 | Listed For Sale | CRMLS #SB23086645 |
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $20,189 |
| Assessment | $1,606,500 |
Home facts updated by county records
Comparable Sales for 2028 E 3rd St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.22 | Multi-Family Home | $900,000 | 04/13/26 | 11 | 6 | 3,898 | |
0.39 | Multi-Family Home | $1,150,000 | 11/20/25 | 8 | 4 | 5,112 | |
0.11 | Multi-Family Home | $790,000 | 05/19/26 | 8 | 3 | 2,974 | |
0.27 | Multi-Family Home | $1,238,000 | 12/01/25 | 7 | 4 | 2,269 | |
0.50 | Multi-Family Home | $945,000 | 12/31/25 | 9 | 8 | 4,851 | |
0.35 | Multi-Family Home | $875,000 | 09/05/25 | 6 | 5 | 3,398 | |
0.56 | Multi-Family Home | $890,000 | 02/27/26 | 8 | 4 | 5,184 | |
0.56 | Multi-Family Home | $930,000 | 05/22/26 | 9 | 5 | 3,626 | |
0.47 | Multi-Family Home | $940,000 | 09/04/25 | 7 | 5 | 2,728 | |
0.78 | Multi-Family Home | $1,200,000 | 12/31/25 | 10 | 10 | 4,974 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 2028 E 3rd St.
What Locals Say about Boyle Heights
At least 519 Trulia users voted on each feature.
91 % Say there are sidewalks
74 % Say it's dog friendly
72 % Say it's walkable to grocery stores
71 % Say it's walkable to restaurants
68 % Say yards are well-kept
65 % Say there's holiday spirit
64 % Say car is needed
59 % Say kids play outside
53 % Say streets are well-lit
52 % Say neighbors are friendly
47 % Say they plan to stay for at least 5 years
36 % Say people would walk alone at night
35 % Say there's wildlife
29 % Say it's quiet
26 % Say there are community events
20 % Say parking is easy
Sourced by Trulia users. Learn more about our methodology.
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST 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
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST 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
Homes for rent near 2028 E 3rd St
2028 E 3rd St, Los Angeles, CA 90033 is a 14 bedroom, 6 bathroom, 5,033 sqft multi-family built in 1925. 2028 E 3rd St is located in Boyle Heights, Los Angeles. This property is not currently available for sale. 2028 E 3rd St was last sold on Apr 29, 2024 for $1,575,000 (1% lower than the asking price of $1,595,000).