2103 3rd Avenue

Los Angeles, CA 90018

AMAZING OPPORTUNITY!! Arlington Heights Craftsman ~ 4 Unit Apartment with 4 detached garages~ Priced to Sell , this property will have some great equity once it's fixed up. Each Unit shows as a 2 bed 1 bath Approx. 950 Sqft. Each. All units have interior washer/ dryer hook ups. Renovated Comps are alot higher and even more value is in Converting or developing the 4 car Garages into ADU's . The Large Corner Lot is 7,000 sqft. with ample parking. The interior condition is mostly original throughout so they will need TLC but the potential is endless . The upstairs units have balconies. There are separate gas , electrical meters and the tenants each pay their own. Owner Responsible for water. Long terms tenants rent are all under market value. In the future this can be a cash cow. All tenants are currently paying the rent on time . Please make offer SUBJECT TO INSPECTION. The property will be sold with current tenants in place. The property under Rent Stabilization Ordinance. Take a walk down 3rd Ave and see the Hollywood Sign . Prime Location , Minutes Away From Downtown!! Quick Freeway Access. This one won't last. Please Do Not Disturb Tenants.

Listing courtesy of Palma Investments



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Data last update at 2023