Los Angeles, CA 90018,2406 3rd Ave
Los Angeles, CA 90018,2406 3rd Ave
Los Angeles, CA 90018,2406 3rd Ave
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$2,097,000
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8 BD
4 BA
6,831 SqFt
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2406 3rd Ave Los Angeles, CA 90018

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UPDATED:

01/13/2025 10:46 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,831 sqft

Price per Sqft $306

MLS Listing ID 25-481871

Style Country English

Bedrooms 8

Year Built 1923

Lot Size 8,832 Sqft

Acres 0.2028

Property Description

Nestled in the highly sought-after "The Avenues" of Historic West Adams, this remarkable quadruplex presents an unparalleled investment opportunity. Sitting on a prominent lot, this spacious property offers four expansive units, each just shy of 1,800 sq. ft., and radiates timeless charm with thoughtful upgrades throughout. Each unit is designed with functionality and comfort in mind, boasting large kitchens, generous living spaces, and a welcoming open feel. Three of the units have been reimagined to maximize income potential, with formal dining rooms converted into additional rooms (without closets) and the addition of a bath in the laundry area. These upgraded units currently generate impressive rental income, with rents of $4,000, $3,500, and $4,500 (total for $1,500 per room). The fourth unit remains a classic 2-bedroom, 1-bath layout with a formal dining room, rented at $1,400. Practicality and convenience abound with washer/dryer hookups in each unit, private patios and side yards in the remodeled units, and individual one-car garages. Additional street parking ensures ample space for tenants and guests. Situated next to the beautifully renovated Benny H. Potter Park, this property is in a vibrant neighborhood that offers access to lush green spaces, trendy eateries, unique shops, and more. Its central location ensures that some of Los Angeles' most iconic destinations, including Downtown LA, USC, Culver City, Sofi Stadium, and Hollywood studios, are just minutes away. Whether you're looking to live in one unit while renting out the others or seeking a profitable addition to your investment portfolio, this quadruplex delivers unmatched potential. Opportunities like this are rare in Historic West Adams, don't miss your chance to own a prime piece of this dynamic and historic neighborhood.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Central

Cooling Ceiling Fan

Equipment Dryer, Washer, Gas Dryer Hookup

Exterior

Parking Features Driveway, Garage, On street, Detached

View Y/N Yes

View Park

Building

Story 2

Architectural Style Country English

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Pacific Playa Realty

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agent

Deanne Phillips

Agent | License ID: 1937211

+1(310) 503-6493

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2406 3rd Ave