2103 3rd Avenue, Los Angeles, CA 90018
Local realty services provided by:CENTURY 21 Adams & Barnes
2103 3rd Avenue,Los Angeles, CA 90018
$1,299,000
- - Beds
- - Baths
- 3,804 sq. ft.
- Multi-family
- Active
Listed by: reginald mckizzie
Office: palma investments310-999-2035
MLS#:RS26124580
Source:CRMLS
Price summary
- Price:$1,299,000
- Price per sq. ft.:$341.48
About this home
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....
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Home facts
- Year built:1914
- Listing ID #:RS26124580
- Added:1 day(s) ago
- Updated:June 11, 2026 at 10:34 AM
Rooms and interior
- Living area:3,804 sq. ft.
Structure and exterior
- Year built:1914
- Building area:3,804 sq. ft.
- Lot area:0.16 Acres
- Lot Features:Yard
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,299,000
- Price per sq. ft.:$341.48
Features and amenities
- Laundry features:Inside
Parking
- Total parking spaces:4
- Parking description:Assigned, Door-Single, Garage
- Garage:Yes
- Garage spaces:4
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