3220 W 2nd Street
Los Angeles, CA 90004
8
Bed
0
Bath
7,985Sqft
8,780Sqft(Lot)
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 thos
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 8Bathroom Information
Total Baths: 6 Full Baths: 0 Half Baths: 0 -
Cooling Features
Wall/Window Unit(s) Air ConditioningHeating Source
Wall Furnace Has Heating
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Building Information
Year Built: 1929 Building Area Total: 7,985
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2016 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 8780
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Listing Price Information
Original List Price: 1,480,000 Listing Contract Date: 2026-03-17 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 5501019023
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Other Property Info
Source Listing Status: Active Under Contract Source Neighborhood: C17 - Mid-Wilshire Postal Code Plus 4: 6112 Directions: Near the corner of S Commonwealth Ave & W 2nd St Zoning: LAR3 Source Property Type: Residential Income Area: C17 - Mid-Wilshire -
Building and Construction
Property Age: 97 Year Built Source: Vendor Enhanced Total Square Feet Living: 7985 Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 542 N Commonwealth, Los Angeles, CA, 90004 | $1,675,000 | 3 | 3 | 2,847 | 2,847 SqFt |
| 432 N Commonwealth, Los Angeles, CA, 90004 | $795,000 | 4 | 2 | 1,432 | 1,432 SqFt |
| 441 N Commonwealth Avenue, Los Angeles, CA, 90004 | $850,000 | 1 | 1 | 1,014 | 1,014 SqFt |
| 447 N Commonwealth Avenue, Los Angeles, CA, 90004 | $900,000 | 3 | -- | 1,798 | 1,798 SqFt |
| 3812 Middlebury, Los Angeles, CA, 90004 | $799,800 | 3 | 2 | 1,240 | 1,240 SqFt |
| 449 N Virgil, Los Angeles, CA, 90004 | $1,299,000 | 2 | 2 | 1,886 | 1,886 SqFt |
| 210 S Commonwealth Avenue, Los Angeles, CA, 90004 | $3,590,000 | 24 | -- | 10,884 | 10,884 SqFt |
| 124 N Westmoreland Avenue, Los Angeles, CA, 90004 | $4,350,000 | -- | -- | 17,730 | 17,730 SqFt |
| 118 N Westmoreland Avenue, Los Angeles, CA, 90004 | $3,750,000 | -- | -- | 18,765 | 18,765 SqFt |
| 238 S Westmoreland, Los Angeles, CA, 90004 | $2,699,999 | 8 | 5 | 4,416 | 4,416 SqFt |
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ByOwner last updated this listing 06/17/2026 @ 13:34
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