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3812 E 1st Street

Los Angeles, CA 90063

– beds
– baths
– sqft
10,084 sqft lot
2025 build
– on site

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.

Listed By CRMLS_CA / Bret Lewis / Bret Lewis, Broker / 480-225-6616

Last checked: Checking… • Last updated Jun 5, 2025 •

MLS# PW25125494 —

The Building

Year Built:

2025
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

6930.00
Building Area Units:

Square Feet
Total Number Of Units:

6
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Accessibility Features:

Parking
Common Walls:

No Common Walls
# of Separate Gas Meters:

6
# of Separate Water Meters:

6
# of Separate Electric Meters:

6

Interior

Levels:

Two
Entry Location:

Front
Fireplace:

No
Fireplace:

None
Laundry:

See Remarks
Laundry:

1

Location

Directions:

Indiana St and 1st St: Head East on 1st St
Latitude:

34.03564900
Longitude:

-118.18410000

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LCC3*
Lot Features:

0-1 Unit/Acre, Level, Yard
Lot Size Area:

10084.0000
Lot Size Acres:

0.2315
Lot Size SqFt:

10084.00
Lot Size Source:

Assessor
View:

1
View:

Neighborhood
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

G
Tax Census Tract:

5311.02
Tax Tract:

1815
Tax Lot:

4

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5233017005

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Utilities:

Electricity Available, Sewer Available, Water Available
Sewer:

Public Sewer
Water Source:

Public

The Community

Neighborhood:

Wellington Heights
Features:

Suburban
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/5/25 Jun 5, 2025	Listed / Active	CRMLS_CA	$1,249,000	141.1% (19.0% / YR)
6/23/23 Jun 23, 2023	Listed / Active	BRIDGE
1/2/23 Jan 2, 2023	Listed / Active	CRMLS_CA

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This multifamily located in Eastside, East Los Angeles, CA 90063 is currently for sale for $1,249,000. 3812 E 1st Street is a – square foot multifamily with – beds and – baths that has been on Estately for 10 days. 3812 E 1st Street is in the Eastside neighborhood of East Los Angeles and has a WalkScore® of 80, making it very walkable. This multifamily is in the attendance area of James A Garfield Senior High School, Esteban Torres Hs - Engineer And Technology Academy, Belvedere Elementary School, Belvedere Middle School, Esteban Torres Hs Humanitas Academy Of Art & Technology, Esteban Torres High School - East Los Angeles Renaissance Academy, and Hilda L Solis Learning Academy.

Listing Courtesy of: CRMLS_CA and Bret Lewis, Broker. Based on information from California Regional Multiple Listing Service, Inc. as of 15:20 on Jun 15.

This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.