Investor opportunity in prime Mid-City Los Angeles – triplex with value-add potential. Located between Koreatown, Arlington Heights, and Mid-Wilshire, this centrally positioned multifamily income property offers strong rental demand, excellent tenant access to major job centers, and long-term upside in one of Los Angeles’ most desirable rental markets.
The property features three units including a 2-bedroom / 1-bath front unit with interior parking, a 1-bedroom / 1-bath middle unit, and a spacious 3-bedroom / 1-bath rear unit, providing a versatile unit mix that attracts a wide range of tenants. The lot also includes approximately six covered carport parking spaces, a highly desirable amenity in dense Los Angeles neighborhoods.
Two units are currently generating rental income, while the rear unit presents value-add potential for investors looking to renovate and reposition the property to increase rental income. Front or middle unit potentially may come vacant with the right offer. Back Unit is behind on 4 month payments. This also creates an excellent house-hack opportunity for an owner-occupant looking to live in one unit while offsetting the mortgage with rental income from the other units.
Zoned LARD1.5, the property may offer future development potential and additional land value in a high-growth Los Angeles submarket (buyer to verify with city).
Conveniently located near Downtown Los Angeles, Koreatown, public transportation, restaurants, shopping, and major employment centers, this property benefits from consistent tenant demand and strong long-term appreciation potential.
Whether you’re looking for a Los Angeles triplex investment, rental income property, house-hacking opportunity, or ADU development play, this Mid-City multifamily property offers flexibility, income potential, and a prime central location.
The property features three units including a 2-bedroom / 1-bath front unit with interior parking, a 1-bedroom / 1-bath middle unit, and a spacious 3-bedroom / 1-bath rear unit, providing a versatile unit mix that attracts a wide range of tenants. The lot also includes approximately six covered carport parking spaces, a highly desirable amenity in dense Los Angeles neighborhoods.
Two units are currently generating rental income, while the rear unit presents value-add potential for investors looking to renovate and reposition the property to increase rental income. Front or middle unit potentially may come vacant with the right offer. Back Unit is behind on 4 month payments. This also creates an excellent house-hack opportunity for an owner-occupant looking to live in one unit while offsetting the mortgage with rental income from the other units.
Zoned LARD1.5, the property may offer future development potential and additional land value in a high-growth Los Angeles submarket (buyer to verify with city).
Conveniently located near Downtown Los Angeles, Koreatown, public transportation, restaurants, shopping, and major employment centers, this property benefits from consistent tenant demand and strong long-term appreciation potential.
Whether you’re looking for a Los Angeles triplex investment, rental income property, house-hacking opportunity, or ADU development play, this Mid-City multifamily property offers flexibility, income potential, and a prime central location.
Property Details
Price:
$1,059,000
MLS #:
CV26045861
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Triplex
Neighborhood:
c16midlosangeles
Listed Date:
Mar 3, 2026
Total Sq Ft:
2,347
Lot Size:
7,502 sqft / 0.17 acres (approx)
Year Built:
1903
See this Listing
Schools
Interior
Appliances
DW, GD, MW, RF, GR
Cooling
CA
Heating
SEE
Laundry Features
AR
Exterior
Community Features
SDW, SL
Parking Spots
8
Roof
SHN
Security Features
COD
Financial
Map
Community
- Address1328 3rd Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90019
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Mar 09, 2026
7,146
Single Family Listed
82
Avg DOM
510
Avg $ / SqFt
$1,493,434
Avg List Price
Property Summary
- 1328 3rd Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90019. It is listed for $1,059,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1903. The average price per square foot for Single Family listings in Los Angeles is $510. The average listing price for Single Family in Los Angeles is $1,493,434.
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