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1206 3rd Avenue

Los Angeles (City), CA 90019
  • $1,449,000
  • STATUS: Active Under Contract
  • ON SITE: 142 Days
  • ID#: 26837981
Under Contract
$1,449,000
  • 8
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,908
    SQFT
  • $295
    $/SQFT
Type:
Multi-Family
Built:
1921
County:

School Ratings & Info

Listing Agent(s): Paul Barbosa of Century 21 Hollywood (323-462-7436)


Description

Rare multi-family opportunity in a high-demand rental pocket. This pride-of-ownership Mediterranean fourplex features an expansive 4,908 sqft layout on a large lot. Highly attractive to investors: three of the four units will be delivered entirely vacant, allowing you to bypass strict rent control limits and set market rents on day one. Mechanically sound with updated electrical systems and copper plumbing throughout. Features a 4-car detached garage and excellent rental upside. Delivered with 3 units vacant. Turnkey condition with rare major CapEx already completed (updated copper plumbing and electrical panels). Huge upside to hit a projected $120k+ gross income. Offers reviewed as received. Please do not walk the property. Call listing agent to schedule showings for vacant units.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-13T00:27:57.67. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
www.bestsocalhomesearch.com/homes/176813120
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1206 3rd Avenue Los Angeles (City), CA 90019

  • Price: $1,449,000
  • Status: Active Under Contract
  • On Site: 142 Days
  • ID#: 26837981
8
Beds
0
Baths
0
½ Baths
0.18
Acres
4,908
SQFT
$295
$/SQFT
1921
Built
Neighborhood:
C18 - Hancock Park-Wilshire
County:
Los Angeles
Area:
C18 - Hancock Park-Wilshire
Property Description
Rare multi-family opportunity in a high-demand rental pocket. This pride-of-ownership Mediterranean fourplex features an expansive 4,908 sqft layout on a large lot. Highly attractive to investors: three of the four units will be delivered entirely vacant, allowing you to bypass strict rent control limits and set market rents on day one. Mechanically sound with updated electrical systems and copper plumbing throughout. Features a 4-car detached garage and excellent rental upside. Delivered with 3 units vacant. Turnkey condition with rare major CapEx already completed (updated copper plumbing and electrical panels). Huge upside to hit a projected $120k+ gross income. Offers reviewed as received. Please do not walk the property. Call listing agent to schedule showings for vacant units.
Exterior Features

Architectural Style Mediterranean Attached Garage YN No Direction Faces West Entry Level 1 Entry Location Ground Level w/steps Foundation Details Raised Lot Features Back YardLandscaped Number Of Separate Electric Meters 4 Parking Total 4 Property Attached YN Yes View None View YN No

Interior Features

Appliances DisposalGas OvenRefrigerator Common Walls 1 Common Wall Cooling None Cooling YN No Flooring CarpetTileWood Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(s)

Property Features

Additional Parcels YN No Association YN No Buyer Financing CashConventionalCal Vet LoanFHAPrivate Cap Rate 3.4 Community Features Gated Disclosures Rent Control Garage YN Yes Gross Income 600 Laundry Features Common Area Levels Two Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 68000 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Number Of Units Leased 1 Possession Close Of Escrow Rent Control YN Yes Security Features Gated CommunityWindow Bars Senior Community YN No Special Listing Conditions Standard Tenant Pays Cable TVElectricityGasInsuranceTrash Collection Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-13T00:27:57.67. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
 
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Realty ONE Group Empire
13330 Ranchero Rd. Ste 12
Oak Hills CA, 92344
Listing Agent(s): Paul Barbosa of Century 21 Hollywood (323-462-7436)