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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 : ResidentialIncome

Price : $1,199,000

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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Feature Features

  • Building Information

    Year Built: 1914
    Building Area Total: 3804
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 7000 Lot Size Acres: 0.1607 Lot Size Source: Assessor Lot Size Square Feet: 7,000 Lot Description: 0-1 Unit/Acre,Yard

  • Listing Price Information

    Listing Price: $1199000
    Original Price: $1299000
    Cash to New Loan, Conventional, 1031 Exchange, Submit

  • Tax Information

    Parcel Number: 5060028001 Tax Lot: 1 Tax Block: 17

  • Parking Information

    Parking Total: 4 Assigned, Door-Single, Garage

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Location Information

    Direction: Exit 10 Fwy Make a Right onto Arlington, Left on to 3rd Ave. Destination on Left WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1869 W 24th Street, Los Angeles, CA, 90018 $2,700,000 9 9 6,369 6,369 SqFt
1875 W Adams, Los Angeles, CA, 90018 $2,000,000 2 -- 5,580 5,580 SqFt
1472 W 37th Street, Los Angeles, CA, 90018 $999,999 6 -- 1,776 1,776 SqFt
1472 W 37th St Street, Los Angeles, CA, 90018 $999,999 6 3 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
2022 W 31st, Los Angeles, CA, 90018 $1,148,000 3 3 1,922 1,922 SqFt
2011 Arlington, Los Angeles, CA, 90018 $1,329,000 -- -- 3,268 3,268 SqFt
2245 W 27th Street, Los Angeles, CA, 90018 $999,900 4 2 1,689 1,689 SqFt
2289 W 29th Place, Los Angeles, CA, 90018 $1,799,000 6 5 2,916 2,916 SqFt

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ByOwner last updated this listing 07/27/2026 @ 08:25

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

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