3109 George Street, Los Angeles, CA 90031
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
3109 George Street,Los Angeles, CA 90031
$480,000
- 4 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: sevak keshishian, shara parseghian
Office: marcus & millichap818-212-2700
MLS#:26863525
Source:CRMLS
Sorry, we are unable to map this address
Price summary
- Price:$480,000
About this home
Marcus & Millichap presents 3109 George Street, a four-unit multifamily investment opportunity located in Lincoln Heights, one of Los Angeles' most historic and rapidly evolving neighborhoods. The offering consists of two separate parcels totaling approximately 9,000 square feet of land. The four-unit building is situated on the front parcel and features four (4) spacious one-bedroom units totaling 2,704 square feet. The separate rear parcel provides investors with an opportunity to explore additional development or other value-add possibilities. The property represents an exceptionally attractive basis of $125,000 per unit and $185 per square foot of building area. With approximately 74% upside in rental income, investors have a compelling opportunity to substantially increase cash flow as units turn over.3109 George Street is conveniently located near the USC Health Sciences Campus, Lincoln Park and the Metro A Line, providing convenient access to Downtown Los Angeles and several major employment and transportation corridors. The property is also situated near A34, a five-acre, transit-oriented development featuring 468 residential units and approximately 16,000 square feet of retail space near the Heritage Square Metro station.With its two-parcel configuration, significant rental upside, attractive price per unit and potential for future development, 3109 George Street presents a rare opportunity to acquire a multifamily asset at an exceptionally low basis in a neighborhood poised for continued growth....
Contact an agent
Home facts
- Year built:1923
- Listing ID #:26863525
- Added:63 day(s) ago
- Updated:September 26, 2026 at 07:08 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Kitchen Description:Refrigerator
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1923
- Levels:2 Story
Finances and disclosures
- Price:$480,000
Parking
- Total parking spaces:5
- Parking description:Private, Uncovered
New listings near 3109 George Street
- Coming SoonOpen Fri, 11am to 2pm
$779,000Coming Soon3 beds 2 baths1,254 sq. ft.17225 Horace, Granada Hills, CA 91344
MLS# SR26209578Listed by: RE/MAX ONE - Coming Soon
$1,199,900Coming Soon-- beds -- baths4,936 sq. ft.4237 8th Avenue, Los Angeles, CA 90008
MLS# DW26202192Listed by: CENTURY 21 A BETTER SERVICE - Coming Soon
$1,150,000Coming Soon-- beds -- baths4,520 sq. ft.811 W 40th, Los Angeles, CA 90037
MLS# PW26210075Listed by: HOME BASE REALTY INC - Coming Soon
$799,000Coming Soon3 beds 2 baths1,490 sq. ft.7523 Craner, Sun Valley, CA 91352
MLS# SR26209794Listed by: CENTURY 21 MASTERS - Coming Soon
$1,349,000Coming Soon4 beds 4 baths2,331 sq. ft.10916 Ruffner Avenue, Granada Hills, CA 91344
MLS# 226004581Listed by: KELLER WILLIAMS EXCLUSIVE PROPERTIES - Coming Soon
$835,000Coming Soon2 beds 2 baths1,301 sq. ft.104 S Hayworth Avenue #103, Los Angeles, CA 90048
MLS# 26992173Listed by: RODEO REALTY - Coming SoonOpen Sat, 1 to 4pm
$1,099,000Coming Soon2 beds 2 baths1,837 sq. ft.4792 Park Encino Lane #102, Encino, CA 91436
MLS# SR26207638Listed by: EQUITY UNION - Coming Soon
$1,325,000Coming Soon-- beds -- baths4,716 sq. ft.4051 W 21st, Los Angeles, CA 90018
MLS# SB26208005Listed by: WYRICK REALTY PARTNERS - Coming Soon
$899,000Coming Soon2 beds 2 baths1,302 sq. ft.5225 Onaknoll Avenue, Los Angeles, CA 90043
MLS# 26991615Listed by: REALTY ONE GROUP UNITED - Coming Soon
$2,795,000Coming Soon4 beds 5 baths3,499 sq. ft.1208 Palms Boulevard, Venice, CA 90291
MLS# 26891149Listed by: SERHANT CALIFORNIA, INC