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3812 E 1st Street Los Angeles, CA 90063
$1,249,000 0 beds, 0 baths
0 sqft
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Agent Remarks

Introducing the USC Spanish Style Villas — a 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. 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.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# PW25125494
List price is $1,249,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 2025
2 stories
0.23 acres
Lot size: 0.2315
County: Los Angeles
Zoning: LCC3*
Lot description: ZeroToOneUnitAcre,Level,Yard
Heating/cooling: Central Air
Heating description: Central
MLS area: C23 - Metropolitan

Last Updated: 6/5/2025

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This listing belongs to the C23 - Metropolitan MLS area

Lat/Long: 34.035649, -118.184100.
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Listing Agent: Bret Lewis
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

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Lic#: 01276603

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
Lic#: 01317331

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