2330 W 3rd Street PH Los Angeles, CA $ 2,990,000
2330 W 3rd Street PH
$ 2,990,000
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2330 W 3rd Street PH

Los Angeles, CA, 90057
$ 2,990,000
Baths12.0 Sq 8,262

Monthly Estimate*

$ 20,886

Listed by Marcus & Millichap
2330 W 3rd Street PH, Los Angeles, CA 90057 - Image 1
2330 W 3rd Street PH, Los Angeles, CA 90057 - Image 2
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2330 W 3rd Street PH, Los Angeles, CA 90057 - Image 4
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2330 W 3rd Street PH, Los Angeles, CA 90057 - Image 8
2330 W 3rd Street PH, Los Angeles, CA 90057 - Image 9
2330 W 3rd Street PH, Los Angeles, CA 90057 - Image 10
Studio

Multi-Family Home for sale in Los Angeles, CA

for $2,990,000 with 12 full baths. This 8,262 square foot home was built in 1951 on a lot size of 0.2692.

We are pleased to present 2330 W 3rd Street, an architectural awardwinningmixed use creative space opportunity in the heart of Westlake, one ofLos Angeles' fastest growing neighborhoods. This rare trophy Mid-Century assetconsists of ten commercial suites and one large 2 bedroom penthouse. This iconic glass, brick, and stucco Mid-Centurybuilding wraps around a beautifully landscaped centralcourtyard. Every creative suite is unique and boastrare features such as floor to ceiling glass windows,open beamed ceilings, their own private bathrooms,and brick wood-burning fireplaces. The 8,262 squarefoot building sits on 11,721 square feet of land zonedLAC2, allowing for a variety of commercial, residential,or mixed uses. With approximately 100 feet of frontagealong 3rd street, 2330 W 3rd Street presents itself asone of the most recognizable architectural buildings inWestlake with excellent visibility, lush palm trees, andconvenient ingress and egress. Westlake, located right outside Downtown'semployment hub, is a bustling neighborhood with arapidly gentrifying demographic. Westlake is adjacentto other notable neighborhoods, including Echo Park,Pico Union, Downtown and Koreatown. The subjectproperty's location is ideal as it is walking distanceto thousands of jobs, transportation options andretail and dining amenities. The demand for apartmentunits continues to increase, seen by the majordevelopments in the area such as the MacArthur ParkMetro Apartments (proposed 665 units), Lake onWilshire (proposed 478 units) and Wilco (152 unitsunder construction) among many others in closeproximity to 229 South Westlake Avenue.

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Multi-Family Active

Price

$ 2,990,000

Bedrooms

Studio

Full Bath

12

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.2692

Year Built

1951

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24349269

Days on Market

101

Features
General
Zoning LAC2
Year Built 1951
Stories 2
Levels Two
Unit Number PH
Gross Income 239400.0
County Los Angeles
Net Operating Income 201491.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions W 3rd & S Park View
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 11
MLS Area C42 - Downtown L.A.
Lot Size Square Feet 11725.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 3rd
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 8
Standard Status Active
Cap Rate 6.73
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Exterior
Total Parking 9.0
Lot Size Area 11725.0
Number of Buildings 1
Spa N
Building Area Total 8262.0
Lot Size Acres 0.2692
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Street
Total Bedrooms 0
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 2330
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* Excluded Features
List By
Marcus & Millichap

Broker

(818) 212-2817

Phone

Affordability Calculator

$20,886
Per Month
100%
0%
0%
Monthly Principal & Interest
$20,886
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/19/2024$2,990,000 Listed Price

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2330 W 3rd Street PH, Los Angeles, CA, 90057 is a Multi-Family Home for sale at $2,990,000 with 8,262 sqft and a lot size of 0.2692. 2330 W 3rd Street PH is a studio with 12.0 baths and was built in 1951. The property's zip code is 90057 which is in Los Angeles, CA