2321 3rd Avenue, Los Angeles, CA 90018

Los Angeles
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
2321 3rd Avenue,Los Angeles, CA 90018
$1,625,000
  • 14 Beds
  • 7 Baths
  • 4,178 sq. ft.
  • Multi-family
  • Active
Listed by: danny mahelka
Office: coldwell banker realty310-777-6200
MLS#:26856303
Source:CRMLS

Price summary

  • Price:$1,625,000
  • Price per sq. ft.:$388.94

About this home

An exceptional investment opportunity to acquire a turnkey seven-unit apartment community in the highly sought-after Historic West Adams Terrace neighborhood tucked away on a quiet cul-de-sac street . Ownership has invested over $100,000 in recent capital improvements. Major upgrades include a newly installed 400-amp electrical service with new feeder lines to the subpanels, completion of soft-story seismic retrofit, and California's SB721 balcony requirements through newly upgraded balconies and all new steel railings. The property consists entirely of seven 2-bedroom, 1-bathroom units featuring desirable open-concept living and kitchen layouts. 3 units will be purposely delivered vacant, providing investors with the rare opportunity to lease at current market rates and establish their own tenant profile from day one, while the remaining occupied units generate immediate cash flow. Additional amenities include ample on-site parking, providing convenience for residents in this...

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Home facts

  • Year built:1958
  • Listing ID #:26856303
  • Added:78 day(s) ago
  • Updated:September 26, 2026 at 10:50 AM

Rooms and interior

  • Bedrooms:14
  • Total bathrooms:7
  • Flooring:Carpet, Wood
  • Kitchen Description:Disposal, Refrigerator
  • Living area:4,178 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1958
  • Building area:4,178 sq. ft.
  • Lot area:0.15 Acres
  • Architectural Style:Contemporary
  • Levels:1 Story

Finances and disclosures

  • Price:$1,625,000
  • Price per sq. ft.:$388.94

Features and amenities

  • Appliances:Disposal

Parking

  • Total parking spaces:12
  • Parking description:8 Carport Space(s), Attached Carport, Carport, Driveway
  • Carport spaces:8
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