2103 3rd Avenue, Los Angeles, CA 90018
2103 3rd Avenue, Los Angeles, CA 90018
2103 3rd Avenue, Los Angeles, CA 90018
13
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$1,299,000
Est. payment /mo
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8 Beds
4 Baths
7,000 Sqft Lot
Open Tue 2PM-4PM

2103 3rd Avenue Los Angeles, CA 90018

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Jason Fogelman

Jason Fogelman

+1(858) 204-4262

Open House

Tue Jun 09, 2:00pm - 4:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID RS26124580

Bedrooms 8

Lot Size 7,000 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Existing 4-Unit + Approved Plans for 4 New ADUs - Rare RTI Development Opportunity pending final approval - The proposed new construction consists of four spacious 3-bedroom 2-bathroom perfectly positioned for functionality of the corner-lot layout. Close escrow and begin construction immediately upon RTI approval. The existing apartment building features four large 2-bedroom, 1-bath units approximately 950 SF each. Each unit includes interior washer/dryer hookups, separate water heaters, and individually metered gas and electrical service. Upper units feature private balconies. These units are fully occupied. Collect rent while doing construction Recent property improvements include: New roof, Exterior paint, Lead abatement completed for all units, Partial interior paint updates. The existing detached 4-car garages are ready for demolition, making way for the new ADU development. This is an ideal opportunity for developers, investors, or buyers seeking significant upside potential and long-term equity growth. This 8 unit apartment will be worth more than $2.5M with huge cash flow opportunity and equity . Current tenants are long-term occupants with below-market rents, offering immediate income while completing the development and helping offset holding costs during construction. You don't see this too often . Situated on a 7,000 SF corner lot in a prime central Los Angeles location with quick freeway access and just minutes from Downtown LA. Excellent opportunity to reposition and maximize value in a rapidly growing area. PLEASE DO NOT DISTURB TENANTS.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Exit 10 Fwy Make a Right onto Arlington, Left on to 3rd Ave. Destination on Left

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5060028001

Acceptable Financing Conventional, Exchange

Listing Terms Conventional, Exchange

MLS Router / San Diego MLS
Listed by Reginald McKizzie, DRE#01964289 Palma Investments 

NEARBY SCHOOL & BUSINESS

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Jason Fogelman

Jason Fogelman

Realtor / North County Regional Manager | CA DRE#01374456

+1(858) 204-4262

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