Price Reduced Listing
2025 3rd Avenue,Los Angeles, CA 90018
Los Angeles, CA 90018
Description
Exceptional investment and owner-user opportunity in the highly desirable Jefferson Park neighborhood of Los Angeles. This beautifully maintained Spanish-style triplex combines timeless character with modern improvements, offering immediate rental income and outstanding long-term investment potential. The property consists of three spacious units: Unit #1 features 4 bedrooms, 2 bathrooms, and approximately 1,700 sq ft on the first floor; Unit #2 offers 3 bedrooms, 1 bathroom, and approximately 1,100 sq ft on the second floor; and Unit #3 includes 2 bedrooms, 1 bathroom, and approximately 700 sq ft on the second floor. Among these, Unit #3 can be vacated if the buyer desires. The existing laundry room offers potential for conversion into an ADU (Buyer to verify all permits, zoning, and development possibilities). Recent improvements include updated kitchens and bathrooms, original hardwood flooring, updated plumbing, updated electrical panels, individual meters (for water, gas, electricity - this is a great benefit!), fresh interior and exterior paint, and a well-maintained building with excellent curb appeal. The property also offers on-site parking and attractive layouts with abundant natural light, making it highly desirable for tenants. Ideally located just minutes from Downtown Los Angeles, USC, Exposition Park, Culver City, Mid-City, Koreatown, shopping, dining, entertainment, public transportation, and the 10 Freeway, the property benefits from strong rental demand in one of Los Angeles' most established neighborhoods. Perfect for investors seeking stable cash flow, future rental upside, and long-term appreciation, or owner-users looking to offset their mortgage with rental income. An excellent opportunity for a 1031 exchange or portfolio addition.
Details
| MLS # | 26848141 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1924 |
| Days On Site | 28 |
| Listing Provided By | Urban Real Estate, Inc. | Eun Kim |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 3,446 |
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 1 |
| Zoning | LARD2 |
| Acreage | 0.16 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Interior Features | Ceiling Fans |
| Appliances | Disposal, Microwave, Oven, Refrigerator, Range Hood, Dryer, Washer |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90018 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90018) | |
Price: $1,549,000 low | high Med: $1,312,000 sqft: 3,446 low | high Med: 3,182 $ / sqft: $450 low | high Med: $414 On site: 28 low | high Med: 89.5 | |
Market Activity 90018
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90018 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90018) | |
Price: $1,549,000 low | high Med: $1,312,000 sqft: 3,446 low | high Med: 3,182 $ / sqft: $450 low | high Med: $414 On site: 28 low | high Med: 89.5 | |
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