3220 W 2nd Street, Los Angeles, CA 90004
Local realty services provided by:ERA North Orange County Real Estate
3220 W 2nd Street,Los Angeles, CA 90004
$1,480,000
- 8 Beds
- 6 Baths
- 7,985 sq. ft.
- Multi-family
- Active
Listed by: saadia 'sam' liberow
Office: marcus & millichap818-212-2700
MLS#:26665803
Source:CRMLS
Price summary
- Price:$1,480,000
- Price per sq. ft.:$185.35
About this home
Offered at approximately $185 per square foot, far below today's replacement cost, this multifamily asset presents a rare opportunity to acquire in the Los Angeles market with a built-in value cushion while still benefiting from meaningful upside. The property features a well-balanced unit mix of two spacious 2-bedroom/2-bath units and four 1-bedroom/1-bath units, appealing to a broad tenant base ranging from small families and roommates to young professionals, supporting both strong retention and consistent demand. Situated on a large corner lot, the asset is comprised of two separate structures, creating a low-density, open layout with abundant natural light, improved airflow, and enhanced curb appeal. One structure includes townhouse-style units, further elevating tenant appeal for those seeking a more private, residential feel. Each unit enjoys its own private exterior entrance, reinforcing the property's home-like atmosphere, while six individual garages at the rear provide highly sought-after secure parking. Operational efficiency is enhanced by separately metered utilities, allowing tenants to cover their own usage and reducing expenses for ownership. With approximately 22% rental upside, investors have a clear path to increase income through strategic renovations, modernized interiors, and improved curb appeal. Complementing these fundamentals, the property showcases classic vintage architecture, including a pitched roof and raised foundation, offering timeless character that can be thoughtfully preserved while upgrading to meet today's rental expectations....
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Home facts
- Year built:1929
- Listing ID #:26665803
- Added:105 day(s) ago
- Updated:July 01, 2026 at 01:26 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:6
- Living area:7,985 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnace
Structure and exterior
- Year built:1929
- Building area:7,985 sq. ft.
- Lot area:0.2 Acres
- Levels:2 Story
Finances and disclosures
- Price:$1,480,000
- Price per sq. ft.:$185.35
Parking
- Total parking spaces:6
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