Nestled in the highly sought-after "The Avenues" of Historic West Adams, this remarkable quadruplex presents an unparalleled investment opportunity. Sitting on a prominent lot, this spacious property offers four expansive units, each just shy of 1,800 sq. ft., and radiates timeless charm with thoughtful upgrades throughout. Each unit is designed with functionality and comfort in mind, boasting large kitchens, generous living spaces, and a welcoming open feel. Three of the units have been reimagined to maximize income potential, with formal dining rooms converted into additional rooms (without closets) and the addition of a bath in the laundry area. These upgraded units currently generate impressive rental income, with rents of $4,000, $3,500, and $4,500 (total for $1,500 per room). The fourth unit remains a classic 2-bedroom, 1-bath layout with a formal dining room, rented at $1,400. Practicality and convenience abound with washer/dryer hookups in each unit, private patios and side yards in the remodeled units, and individual one-car garages. Additional street parking ensures ample space for tenants and guests. Situated next to the beautifully renovated Benny H. Potter Park, this property is in a vibrant neighborhood that offers access to lush green spaces, trendy eateries, unique shops, and more. Its central location ensures that some of Los Angeles’ most iconic destinations, including Downtown LA, USC, Culver City, Sofi Stadium, and Hollywood studios, are just minutes away. Whether you’re looking to live in one unit while renting out the others or seeking a profitable addition to your investment portfolio, this quadruplex delivers unmatched potential. Opportunities like this are rare in Historic West Adams, don’t miss your chance to own a prime piece of this dynamic and historic neighborhood.
Property Details
Price:
$1,895,000
MLS #:
25481871
Status:
Active
Baths:
0
Address:
2406 3rd Avenue
Type:
Residential Income
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Jan 13, 2025
State:
CA
ZIP:
90018
Lot Size:
8,832 sqft / 0.20 acres (approx)
Year Built:
1923
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Schools
Interior
Heating
Central
Exterior
Parking Features
Driveway, Garage, Street
Parking Spots
0.00
Stories Total
2
Financial
Map
Community
- Address2406 3rd Avenue Los Angeles CA
- AreaC16 – Mid Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90018
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2406 3rd Avenue
Los Angeles, CA
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