Offered at approximately $185 per square foot, far below today’s replacement cost, this multifamily asset presents a rare opportunity to acquire in the Los Angeles market with a built-in value cushion while still benefiting from meaningful upside. The property features a well-balanced unit mix of two spacious 2-bedroom/2-bath units and four 1-bedroom/1-bath units, appealing to a broad tenant base ranging from small families and roommates to young professionals, supporting both strong retention and consistent demand. Situated on a large corner lot, the asset is comprised of two separate structures, creating a low-density, open layout with abundant natural light, improved airflow, and enhanced curb appeal. One structure includes townhouse-style units, further elevating tenant appeal for those seeking a more private, residential feel. Each unit enjoys its own private exterior entrance, reinforcing the property’s home-like atmosphere, while six individual garages at the rear provide highly sought-after secure parking. Operational efficiency is enhanced by separately metered utilities, allowing tenants to cover their own usage and reducing expenses for ownership. With approximately 22% rental upside, investors have a clear path to increase income through strategic renovations, modernized interiors, and improved curb appeal. Complementing these fundamentals, the property showcases classic vintage architecture, including a pitched roof and raised foundation, offering timeless character that can be thoughtfully preserved while upgrading to meet today’s rental expectations.
Property Details
Price:
$1,480,000
MLS #:
26665803
Status:
Active
Beds:
8
Baths:
6
Type:
Single Family
Neighborhood:
c17midwilshire
Listed Date:
Mar 25, 2026
Finished Sq Ft:
7,985
Total Sq Ft:
7,985
Lot Size:
8,780 sqft / 0.20 acres (approx)
Year Built:
1929
See this Listing
Schools
Interior
Cooling
WW
Heating
WL
Levels
U
Exterior
Parking Spots
6
Parking Total
6
Financial
Map
Community
- Address3220 W 2nd ST Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90004
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Apr 13, 2026
8,107
Single Family Listed
86
Avg DOM
511
Avg $ / SqFt
$1,519,969
Avg List Price
Property Summary
- 3220 W 2nd ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90004. It is listed for $1,480,000 and features 8 beds, 6 baths, and has approximately 7,985 square feet of living space, and was originally constructed in 1929. The current price per square foot is $185. The average price per square foot for Single Family listings in Los Angeles is $511. The average listing price for Single Family in Los Angeles is $1,519,969.
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