2819 3rd Avenue, Los Angeles, CA 90018

Los Angeles
Local realty services provided by:ERA Excel Realty
2819 3rd Avenue,Los Angeles, CA 90018
$1,499,000
  • 9 Beds
  • 5 Baths
  • 2,550 sq. ft.
  • Multi-family
  • Active
Listed by: lorena alvarado, aleisha everett
Office: luxury collective424-395-4841
MLS#:26885929
Source:CRMLS

Price summary

  • Price:$1,499,000
  • Price per sq. ft.:$587.84

About this home

Turnkey income property generating $10,483 per month (4 units + detached ADU), approx. 6.8% market cap rate! Rare investment in the highly desirable Jefferson Park / West Adams neighborhood. Properties offering this combination of current income, major capital improvements, and remaining upside are increasingly difficult to find in Los Angeles. The property features four charming bungalow-style residences PLUS a newly built, permitted detached 2-bedroom/1-bath ADU (2022) with its own Certificate of Occupancy. Three residences have been renovated into desirable 2-bedroom/1-bath homes, while one updated 1-bedroom/1-bath residence offers additional value-add potential through a future conversion to a 2-bedroom floor plan (buyer to verify). Three units are currently occupied under month-to-month tenancies, providing additional operational flexibility for the next owner. Major capital improvements completed within the past five years include updated PEX water supply lines, a trenchless...

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Home facts

  • Year built:1925
  • Listing ID #:26885929
  • Added:31 day(s) ago
  • Updated:September 27, 2026 at 10:50 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:5
  • Kitchen Description:Dishwasher, Microwave, Refrigerator
  • Living area:2,550 sq. ft.

Structure and exterior

  • Year built:1925
  • Building area:2,550 sq. ft.
  • Lot area:0.13 Acres
  • Architectural Style:Modern
  • Levels:1 Story

Finances and disclosures

  • Price:$1,499,000
  • Price per sq. ft.:$587.84

Features and amenities

  • Appliances:Dishwasher, Dryer, Washer
  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:4
  • Parking description:Assigned
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