3317 E 8th Street
Los Angeles, CA 90023
- – beds
- – baths
- – sqft
- 5,642 sqft lot
- 1949 build
- – on site
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 over list price. 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.
Last checked:
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Last updated Apr 29, 2025
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MLS# 25531059 —
The Building
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Year Built:1949
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Stucco
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Building Area Total:2186.00
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Total Number Of Units:3
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# of Buildings:2
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Architectural Style:Bungalow
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Stories Total:1
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Common Walls:No Common Walls
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Faces:South
Interior
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Levels:Multi/Split
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Entry Location:Main Level
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Fireplace:No
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Fireplace:None
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Laundry:Community, Inside, Outside, Stackable
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Laundry:1
Financial & Terms
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Disclosures:Principal Is RE Licensed
Location
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Directions:101/5 Freeway, Exit Euclid Ave, SW to 8th St., SE on 8th to property
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Latitude:34.02256800
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Longitude:-118.20623000
The Property
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Property Type:Residential Income
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Property Condition:Repairs Cosmetic
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Zoning:LARD1.5
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Lot Size Area:5642.0000
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Lot Size Acres:0.1295
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Lot Size SqFt:5642.00
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Lot Size Source:Assessor
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View:None
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Additional Parcels:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5190013016
Heating & Cooling
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Heating:1
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Heating:Central, Wall Furnace
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Cooling:Yes
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Cooling:Central Air
Appliances
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Included:Yes
The Community
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
Parking
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Parking:Yes
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Parking:Parking Space, Private
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Parking 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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/28/25
Apr 28, 2025
|
Listed / Active | CRMLS_CA | $899,000 | 91.3% (8.4% / YR) |
|
6/2/14
Jun 2, 2014
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CRMLS_CA | $470,000 | ||
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10/22/03
Oct 22, 2003
|
Sold | DAMLS |
