3220 W 2nd ST
Los Angeles, CA, 90004
$1,480,000
8 Beds
6 Baths
7,985 SqFt
0.2 Acres
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MLS #26665803 image #0
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
C17 – Mid-wilshireC17midwilshire

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Schools

Interior

Cooling
WW
Heating
WL
Levels
U

Exterior

Parking Spots
6
Parking Total
6

Financial

Gross Operating Income
$133,688
Net Operating Income
$89,026

Map

Community

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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3220 W 2nd ST
Los Angeles, CA