1206 3rd Avenue Los Angeles, CA ^$ 1,549,000

1206 3rd Avenue

^$ 1,549,000

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Recently Listed

1206 3rd Avenue

Los Angeles, CA, 90019

^$ 1,549,000

Bedrooms8 Baths3.0 Sq 4,908

Monthly Estimate*

^$ 9,537

Listed by Century 21 Hollywood

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Multi-Family Home for sale in Los Angeles, CA

for $1,549,000 with 8 bedrooms and 3 full baths. This 4,908 square foot home was built in 1921 on a lot size of 0.1791.

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.

Multi-Family Active

Price

^$ 1,549,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1791

Year Built

1921

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

26837981

Days on Market

Features

General

Living Area 4908

Heating Wall Furnace

Cooling None

Possession Close Of Escrow

Appliances Disposal Gas Oven Refrigerator

Zoning LARD1.5

Garage Spaces 4

Architectural Style Mediterranean

Security Features Gated Community Window Bars

Year Built 1921

Tenant Pays Cable TV Electricity Gas Insurance Trash Collection

View None

Stories Count 2

Levels Two

Gross Income 600

Community Features Gated

County Los Angeles

Net Operating Income 68000

New Construction false

Property Type Residential Income

HOA false

Attached Garage false

Facing Direction West

Garage Y/N true

Full Baths 0

Special Listing Conditions Standard

Status Active

Buyer Financing Cash Conventional Cal Vet Loan FHA Private

Directions Just West of Arlington Ave North of Pico Blvd

City Los Angeles

Disclosures Rent Control

Entry Location Ground Level w/steps

Senior Community Y/N false

Number Of Units Total 4

MLS Area C18 - Hancock Park-Wilshire

Lot Size Units Square Feet

Lot Size Square Feet 7802

Number of Units Leased 1

Property Attached Y/N true

Additional Parcels Y/N false

Rent Control Y/N true

Standard Status Active

Occupancy Type Tenant

Cap Rate 3.4

Interior

Interior Amenities Ceiling Fan(s)

Flooring Carpet Tile Wood

Total Stories 2

Common Walls 1 Common Wall

Air Conditioning Y/N false

Heating Y/N true

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Laundry Features Common Area

Total Bedrooms 8

Entry Level 1

Total Baths 4

Exterior

Lot Features Back Yard Landscaped

Total Parking 4

Lot Size Area 7802

Foundation Details Raised

Number of Buildings 1

Building Area Total 4908

Lot Size Acres 0.1791

Number of Separate Water Meters 0

Number of Separate Gas Meters 4

Number of Separate Electric Meters 4

* Excluded Features

List By

Century 21 Hollywood

Broker

paulscottbarbosa@gmail.com

Affordability Calculator

$9,537

Per Month

Monthly Principal & Interest: $9,537
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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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Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,913,299

Percent of Sale Price 24%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
5/23/2026	$1,549,000		Listed Price

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1206 3rd Avenue, Los Angeles, CA, 90019 is a Multi-Family Home for sale at $1,549,000 with 4,908 sqft and a lot size of 0.1791. 1206 3rd Avenue has 8 bedrooms, 3.0 baths, and was built in 1921. The property's zip code is 90019 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/23/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1206 3rd Avenue

Multi-Family Home for sale in Los Angeles, CA

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