2321 3rd AV
Los Angeles, CA, 90018
$1,625,000
14 Beds
7 Baths
4,178 SqFt
0.15 Acres
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MLS #26856303 image #0
An exceptional investment opportunity to acquire a turnkey seven-unit apartment community in the highly sought-after Historic West Adams Terrace neighborhood tucked away on a quiet cul-de-sac street . The property consists entirely of seven 2-bedroom, 1-bathroom units featuring desirable open-concept living and kitchen layouts. Ownership has invested over $100,000 in recent capital improvements. Major upgrades include a newly installed 400-amp electrical service with new feeder lines to the subpanels, completion of soft-story seismic retrofit, and California’s SB721 balcony requirements through newly upgraded balconies and all new steel railings. 3 units will be purposely delivered vacant, providing investors with the rare opportunity to lease at current market rates and establish their own tenant profile from day one, while the remaining occupied units generate immediate cash flow. Additional amenities include ample on-site parking, providing convenience for residents in this highly desirable neighborhood. West Adams has emerged as one of Los Angeles’ premier investment corridors, fueled by continued redevelopment, expanding employment centers, and growing demand from renters seeking a central location with authentic neighborhood character. Residents enjoy immediate access to Downtown Los Angeles, Culver City, USC, Mid-City, Koreatown, Baldwin Hills, Hollywood, the Westside, The surrounding neighborhood continues to attract new investment while preserving its historic charm. Residents are within minutes of acclaimed dining and lifestyle destinations including Tartine West Adams, Alta Adams, Farmhouse Thai, Johnny’s West Adams, Truffle Brothers Spaccia Salumeria, Re/Creation Caf, Harold & Belle’s, El Cholo Caf, and the Surfas Culinary District. The property also benefits from close proximity to major employment, educational, and cultural destinations including Downtown Los Angeles, Crypto.com Arena, the Los Angeles Convention Center, LACMA, the University of Southern California, and Los Angeles Trade-Technical College, all of which continue to support exceptional rental demand. Ideally positioned adjacent to the recently renovated Benny H. Potter Park and within a neighborhood poised for continued appreciation ahead of the 2028 Olympic Games, this offering represents a compelling opportunity for investors seeking a quality multifamily asset and strong long-term fundamentals in one of Los Angeles’ most dynamic rental markets. Annual Gross Income takes into account that vacant units are rented at $2,400 each, which is a conservative number for 2 bed + 1 bath in this neighborhood.

Property Details

Price:
$1,625,000
MLS #:
26856303
Status:
Active
Beds:
14
Baths:
7
Type:
Single Family
Neighborhood:
c16midlosangeles
Listed Date:
Jul 9, 2026
Finished Sq Ft:
4,178
Total Sq Ft:
4,178
Lot Size:
6,505 sqft / 0.15 acres (approx)
Year Built:
1958
ContemporaryC16 – Mid Los AngelesC16midlosangeles

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Schools

Interior

Appliances
GD, RF
Cooling
NO
Flooring
WOOD, CARP
Heating
WL
Levels
A

Exterior

Architectural Style
CNT
Attached Garage YN
1
Direction Faces
E
Parking Spots
12
Parking Total
12
Spa Features
NO

Financial

Gross Operating Income
$150,652
Net Operating Income
$92,353

Map

Community

Market Summary

Current real estate data for Single Family in Los Angeles as of Jul 12, 2026
7,469
Single Family Listed
82
Avg DOM
440
Avg $ / SqFt
$1,640,449
Avg List Price

Property Summary

    2321 3rd AV Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90018. It is listed for $1,625,000 and features 14 beds, 7 baths, and has approximately 4,178 square feet of living space, and was originally constructed in 1958. The current price per square foot is $389. The average price per square foot for Single Family listings in Los Angeles is $440. The average listing price for Single Family in Los Angeles is $1,640,449.

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2321 3rd AV
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