2819 3rd Avenue
Los Angeles, CA 90018
9
Bed
5
Bath
2,550Sqft
5,825Sqft(Lot)
Approx. 6.7% Market Cap Rate! Current gross rental income of approximately $10,400 per month. Fully occupied. Turnkey. Rare opportunity to acquire a pride-of-ownership 5-unit multifamily 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 detached permitted 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 (
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 9Bathroom Information
Total Baths: 5 -
Interior Features
Appliances: Dishwasher, Microwave, Refrigerator, Dryer, Washer
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Building Information
Year Built: 1925Building Area Total: 2550Stories: 1Private Pool: No
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Lot Information
Main Square Feet: 5825 Lot Size Acres: 0.1337 Lot Size Square Feet: 5,825
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Listing Price Information
Listing Price: $1499000
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Tax Information
Parcel Number: 5052003006
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Virtual Tour
Parking Information
Parking Total: 4 Assigned
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Location Information
Direction: right in 3rd street
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1915 Cordova Street, Los Angeles, CA, 90018 | $848,000 | 2 | 1 | 1,608 | 1,608 SqFt |
| 1930 S La Salle Avenue, Los Angeles, CA, 90018 | $2,000,000 | 11 | 11 | 7,420 | 7,420 SqFt |
| 1760 W 24th Street, Los Angeles, CA, 90018 | $749,000 | 6 | 4 | 2,623 | 2,623 SqFt |
| 2052 S Hobart Boulevard, Los Angeles, CA, 90018 | $1,999,000 | 4 | 4 | 3,019 | 3,019 SqFt |
| 1419 W 36th Street, Los Angeles, CA, 90018 | $1,295,000 | 4 | 4 | 4,786 | 4,786 SqFt |
| 3013 Halldale Avenue, Los Angeles, CA, 90018 | $800,000 | 3 | 2 | 1,400 | 1,400 SqFt |
| 3111 Halldale Ave., Los Angeles, CA, 90018 | $890,000 | 4 | 2 | 1,545 | 1,545 SqFt |
| 1444 W 37th Street, Los Angeles, CA, 90018 | $4,500,000 | -- | -- | 9,056 | 9,056 SqFt |
| 2822 S La Salle Avenue, Los Angeles, CA, 90018 | $1,625,000 | 10 | 6 | 4,320 | 4,320 SqFt |
| 2248 S Hobart Boulevard, Los Angeles, CA, 90018 | $1,575,000 | 3 | 4 | 4,210 | 4,210 SqFt |
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ByOwner last updated this listing 08/27/2026 @ 06:45
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