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Closed
- Listed price
- $1,300,000
- Listed Jan 27, 2019
- Sold price
- $1,300,000
- Sold Apr 22, 2019
7,500 sqft lot|1960 Built|31 MLS days on market
1526 3RD Ave, Los Angeles, CA 90019
Property Description
MAKE BEST OFFERS! SELLER IS LOCAL, AND WANTS TO REVIEW ALL WRITTEN OFFERS. Drive by Only, do not disturb tenants. Fantastic Opportunity to own a well-maintained bread-and-butter 7 unit apartment building that already brings $72k annually, and will continue to have big upside over time. Great location in historic Mid Los Angeles neighborhood of Arlington Heights (Near prime Koreatown and Hancock Park!). Neighborhood is centrally located to command high rents on the open market. Rent rolls available in agent remarks. Property is a mix of 7 units currently. 4 units are 1BR layout. One 3BR layout. One 2 BR layout. One guest room unit (no kitchen). Total current monthly income is $6000+. Pro-forma schedule is $11,700 monthly (GRM = 9.2, Cap Rate = 8.7). Fantastic upside. 4 units currently have tenants over age of 60. 5 car carport. Current owner renovated unit #6 in 2016, and entire property was copper re-piped in 2017. Owner has spent nearly $100k in improvement in last 24 months.
Listing agent: Rachel HsiehDRE #01913428jerryandrachelteam@gmail.com, Listing office: Keller Williams Realty Los Fel
MLS data updated 11/2/2026, 5:15:10 PM PT
Source: CRMLSMLS #: 19428304
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,300,000
Apr 22, 2019
Available records22019
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90019 · Nov 2026
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No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90019 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
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ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.