Active

2103 3rd Avenue

Los Angeles, CA 90018
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Bed 8

Bed

Bath 4

Bath

SqFt3,804

Sqft

SqFt7,000

Sqft(Lot)

Existing 4-Unit + Approved Plans for 4 New ADUs - Rare RTI Development Opportunity pending final approval - The proposed new construction consists of four spacious 3-bedroom 2-bathroom perfectly positioned for functionality of the corner-lot layout. Close escrow and begin construction immediately upon RTI approval. The existing apartment building features four large 2-bedroom, 1-bath units approximately 950 SF each. Each unit includes interior washer/dryer hookups, separate water heaters, and individually metered gas and electrical service. Upper units feature private balconies. These units are fully occupied. Collect rent while doing construction Recent property improvements include: New roof, Exterior paint, Lead abatement completed for all units, Partial interior paint updates. The ex isting detached 4-car garages are ready for demolition, making way for the new ADU development. This is an ideal opportunity for developers, investors, or buyers seeking significant upside potential and long-term equity growth. This 8 unit apartment will be worth more than $2.5M with huge cash flow opportunity and equity . Current tenants are long-term occupants with below-market rents, offering immediate income while completing the development and helping offset holding costs during construction. You don't see this too often . Situated on a 7,000 SF corner lot in a prime central Los Angeles location with quick freeway access and just minutes from Downtown LA. Excellent opportunity to reposition and maximize value in a rapidly growing area. PLEASE DO NOT DISTURB TENANTS.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,299,000

AD Id : 81922531

MLS Id : RS26124580

Beds : 8

Lot Size : 7,000 Sqft

Living Area Size : 3,804

Year Built : 1914

Garage : 4

County : Los Angeles

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Map

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Fireplace: None
  • Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1914 Building Area Total: 3,804
  • Pool Features

    None

    Laundry Features

    Washer Hookup,Inside

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1607
  • Lot Size Source: Assessor Lot Size Square Feet: 7000

  • Listing Price Information

    Original List Price: 1,299,000 Listing Contract Date: 2026-06-08
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5060028001

  • Garage and Parking

    Garage Description: Assigned,Door-Single,Garage

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 699 - Not Defined Postal Code Plus 4: 1227 Directions: Exit 10 Fwy Make a Right onto Arlington, Left on to 3rd Ave. Destination on Left Zoning: LARD2 Source Property Type: Residential Income Area: 699 - Not Defined Property SubType: Quadruplex
  • Building and Construction

    Property Age: 112 Common Walls: No Common Walls Structure Type: Quadruplex Year Built Source: Assessor Entry Level: 1 Entry Location: 3RD AVE
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1472 W 37th Street, Los Angeles, CA, 90018 $999,999 6 -- 1,776 1,776 SqFt
1512 W 36th, Los Angeles, CA, 90018 $939,900 7 3 2,580 2,580 SqFt
1512 W 36th, Los Angeles, CA, 90018 $939,900 7 3 2,580 2,580 SqFt
1737 W 37th Street, Los Angeles, CA, 90018 $1,300,000 7 5 2,515 2,515 SqFt
1743 W 37th Street, Los Angeles, CA, 90018 $1,300,000 7 5 2,515 2,515 SqFt
1785 W 36th, Los Angeles, CA, 90018 $919,999 6 3 2,117 2,117 SqFt
2245 W 27th Street, Los Angeles, CA, 90018 $999,900 4 2 1,689 1,689 SqFt
2510 3rd Avenue, Los Angeles, CA, 90018 $1,700,000 5 4 3,129 3,129 SqFt
3417 4th Avenue, Los Angeles, CA, 90018 $779,000 3 2 2,422 2,422 SqFt
2111 S Bronson Ave, Los Angeles, CA, 90018 $1,599,900 5 5 3,121 3,121 SqFt

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ByOwner last updated this listing 06/11/2026 @ 04:45

MLS: RS26124580 LISTED BY: Reginald McKizzie, Palma Investments 310-999-2035 SOURCE: CRMLS

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