3812 1st, Los Angeles CA 90063 for sale - Presented to you by Terrence Griffin of San Diego California
Listing provided courtesy of Bret Lewis of Bret Lewis, Broker. Last updated 2025-06-15 08:11:30.000000. Listing information © 2024 Sandicor.

Asking Price: $1,249,000 | ​​​​​​​

3812 1st, Los Angeles CA 90063

Community: ​C23 - Metropolitan


This Apartment property was built in 2025 and is priced at $1,249,000. Please see the additional details below.
  • 0 Sq Ft
  • 0 bathrooms
  • 0 bedrooms
  • MLS#: PW25125494
  • Type: Apartment
  • Year Built: 2025
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.

Call or Email Terrence Griffin now to inquire about this property

619-952-0152