2415 E 3rd Street
Los Angeles, CA 90033
- – beds
- – baths
- – sqft
- 5,003 sqft lot
- 2025 build
- – on site
Massive Reduction from $1.9M to $1.75M! Please note: Project is 90% complete; images are for completion reference only. Discover a premier investment opportunity on 3rd Street, ideally situated just off the I-10 freeway in one of Los Angeles’ most dynamic and rapidly appreciating neighborhoods. This new construction offering features a meticulously designed duplex with one 6-bedroom, 5-bathroom unit, one 5-bedroom, 5-bathroom unit, and one 2-bedroom, 1-bathroom ADU—now priced at an unbeatable $1.75 million. Want more? Pair it with the adjacent parcel (5180004010) for a full six-unit development at $3.5 million. Each unit is individually metered, simplifying management and cutting utility costs for the owner. Outfitted with advanced solar panels and sustainable materials, this property delivers energy-efficient operation and enhanced profitability. Boasting a stellar 7.23% cap rate—one of the highest in LA County for new construction—this asset offers exceptional cash flow and long-term value. Its prime location ensures easy access to Downtown Los Angeles, Santa Monica, and Culver City, surrounded by trendy cafes, top schools, and employment hubs—fueling strong tenant demand and premium rents. The versatile unit mix and high-end finishes attract renters while keeping maintenance low. This turnkey investment is poised for immediate returns and growth in LA’s booming multi-family market. Acquire before the certificate of occupancy, and solar tax credits may apply (consult a tax advisor; seller makes no guarantees). Secure this rare find and capitalize on a high-demand locale with unmatched potential.
Last checked:
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Last updated Mar 24, 2025
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MLS# DW25056403 —
This property is listed in more than one place. See it here.
The Building
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Year Built:2025
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Year Built Source:Builder
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New Construction:Yes
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Building Area Total:4736.00
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Building Area Units:Square Feet
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Total Number Of Units:3
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# of Buildings:2
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Architectural Style:Modern
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Stories Total:3
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Common Walls:1 Common Wall
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# of Separate Gas Meters:3
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# of Separate Water Meters:3
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# of Separate Electric Meters:3
Interior
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Levels:Three Or More
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Room Type:Kitchen, Living Room, Primary Bedroom, Two Primaries
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Fireplace:No
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Fireplace:None
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Laundry:In Closet, Inside
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Laundry:1
Location
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Directions:East of Soto St, North of 3rd Street
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Latitude:34.04129800
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Longitude:-118.21059700
The Property
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Property Type:Residential Income
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Subtype:Duplex
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Zoning:LAR2
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Lot Features:2-5 Units/Acre, Level
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Lot Size Area:5003.0000
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Lot Size Acres:0.1149
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Lot Size SqFt:5003.00
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Lot Size Source:Assessor
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Security Features:Fire and Smoke Detection System, Fire Sprinkler System, Smoke Detector(s)
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Road Frontage:City Street
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Road Surface Type:Paved
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:2043.00
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Tax Tract:518...
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Tax Lot:7
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5180004008
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Utilities
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Sewer:Public Sewer
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Green Energy Generation:Solar
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Water Source:Public
The Community
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Features:Curbs, Sidewalks
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking:Yes
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Parking:Driveway, Garage
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Parking Spaces:5.00
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Garage Spaces:2.00
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Uncovered Spaces:3.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/24/25
Mar 24, 2025
|
Price Changed | CRMLS_CA | $1,750,000 | -7.9% |
|
3/13/25
Mar 13, 2025
|
Listed / Active | CRMLS_CA | $1,900,000 | 196.9% (67.0% / YR) |
|
3/4/25
Mar 4, 2025
|
Listed / Active | BRIDGE |
