1206 3rd Avenue, Los Angeles, CA 90019
List Price: $1.55M
Listing Status: Active
0Days on Market: 2
8 Bedrooms · 4 Bathrooms · 4,908 sq ft
Property Type: ResidentialIncome
Year Built: 1921
Lot Size: 7,802 sq ft
Garage Spaces: 4
MLS Number: 26837981
About This Property
Rare multi-family opportunity in a high-demand rental pocket. This pride-of-ownership Mediterranean fourplex features an expansive 4,908 sqft layout on a large lot. Highly attractive to investors: three of the four units will be delivered entirely vacant, allowing you to bypass strict rent control limits and set market rents on day one. Mechanically sound with updated electrical systems and copper plumbing throughout. Features a 4-car detached garage and excellent rental upside. Delivered with 3 units vacant. Turnkey condition with rare major CapEx already completed (updated copper plumbing and electrical panels). Huge upside to hit a projected $120k+ gross income. Offers reviewed as received. Please do not walk the property. Call listing agent to schedule showings for vacant units.
Listing provided by: Paul Barbosa DRE #01435896 323-462-7436 paulscottbarbosa@gmail.com, Century 21 Hollywood
Source: CRMLS, MLS #: 26837981
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.