#IV24224653, LUIS OLIVER, Listing office: EXCLUSIVE PROPERTIES
#PW25125494·
Listing office: Bret Lewis, Broker·
Listing agent: Bret Lewis·
Listing office phone: 480-225-6616
$1,249,000 List price
3812 E 1st St Los Angeles, CA 90063
0.2 acres
Condo
Property details
About 3812 E 1st St
Ready-to-build 6-unit cash cow development located in the highly desirable Wellington Heights neighborhood of Boyle Heights. This ground-up construction project is Fully Entitled RTI Shovel Ready and ideal for investors or developers seeking strong rental income in one of Los Angeles' fastest-growing neighborhoods for USC Spanish Style Villas. The project includes three 3-bedroom, 2-bathroom units and three 2-bedroom, 2-bathroom units, all thoughtfully designed and unfurnished. Each unit comes with one dedicated parking space, totaling six parking spots for the entire property. The projected monthly rent is $3,995 for the 3-bedroom units and $3,195 for the 2-bedroom units, generating a total monthly pro forma income of $21,570 and an annual pro forma of $258,840 — offering a compelling yield in a supply-constrained market. Positioned near Monterey Park and Downtown Los Angeles, the site offers unmatched accessibility to major employment centers, transit lines, and amenities. With a high Walk Score of 84, the property sits in a walker's paradise, providing future tenants with convenient access to grocery stores, parks, restaurants, and public transportation — further elevating its long-term rental appeal. This is a rare opportunity to build a high-yield multi-unit property in a rapidly developing pocket of Los Angeles. The project is ready to break ground—bring your team and start building today.
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.2315 Acres
Year built2025
MLS #PW25125494
ViewNeighborhood
Summary
- Fireplace: None
- Private Pool: No
- View: Neighborhood
- Heating: Central
- Cooling: Central Air
- List Price: $1,249,000
- HOA Amount: $0
- Annual Tax Amount: $7,686
- Tax Year: 2024
- Lot: Level
- Directions: Indiana St and 1st St: Head East on 1st St
- Year Built: 2025
- Stories: 2
- Lot Size: 0.2315 Acres
- MLS Number: PW25125494
- MLS Name: CRMLS
- Office Name: Bret Lewis, Broker
- Office Phone: (480) 225-6616
- Listing Agent: Bret Lewis
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/7/2025, 4:45:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 28, 2017 | Home Sold | $518,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $577,833 | $7,686 |
| 2023 | $566,504 | $7,554 |
| 2022 | $555,397 | $7,196 |
| 2021 | $544,508 | $7,113 |
| 2020 | $538,926 | $6,893 |
| 2019 | $528,360 | $6,775 |
| 2018 | $518,000 | $3,490 |
| 2017 | $246,057 | $3,490 |
History based on county public records data.
Nearby schools
3
Belvedere Elementary School
Public District KG-5
0.1 mi
•3724 E 1st St
5
Rowan Avenue Elementary School
Public District KG-5
0.5 mi
•600 S Rowan Ave
6
Marianna Avenue Elementary School
Public District KG-6
0.5 mi
•4215 Gleason St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $24,857. Residents of Los Angeles, CA typically earn less than $<35k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
61%
<35k
35%
35k-100k
4%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
38%
Single, No Kids
22%
Single, with Kids
16%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
10%
12-17 yrs old
28%
18-34 yrs old
32%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
Foot Locker
Burlington
Where do the neighbors go to eat?
Jack In The Box
Little Caesars
White Castle
What do the neighbors drive?
Nissan
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 3812 E 1st St
The listing price of 3812 E 1st St property is $1,249,000.
The property 3812 E 1st St is a condo located in Los Angeles, California, 90063.
Active Listing: 3812 E 1st St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3812 E 1st St are: Belvedere Elementary School (GreatSchools Rating 3/10), Rowan Avenue Elementary School (GreatSchools Rating 5/10), Marianna Avenue Elementary School (GreatSchools Rating 6/10), Belvedere Middle School (GreatSchools Rating 5/10), Stevenson Middle School (GreatSchools Rating 4/10), Brooklyn Avenue School (GreatSchools Rating 6/10), City of Angels (GreatSchools Rating 3/10), Alliance Morgan Mckinzie High School (GreatSchools Rating 6/10), East Los Angeles Performing Arts Academy at Esteban E. Torres High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $7,686 (source: MLS/based on county public records data).
The last sale was on December 28, 2017 for $518,000 (source: MLS/tax record).
The property at 3812 E 1st St has 0 bathroom.
The year of construction for 3812 E 1st St is 2025.
This home is located at 3812 E 1st St in Los Angeles, CA and zip code 90063 in the The Eastside neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 5, 2025 and is currently priced at $1,249,000.
While more than 282 listings in Los Angeles, CA in June 2025 were sold above asking price, there were more than 108 listings sold at asking price, and more than 339 were sold below. The number of listings in Los Angeles, CA increased by 9% between May and June 2025. In June 2025 median list price was $876,067 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.