2321 3rd Ave, Los Angeles, CA 90018
2321 3rd Ave, Los Angeles, CA 90018
2321 3rd Ave, Los Angeles, CA 90018
2321 3rd Ave, Los Angeles, CA 90018
2321 3rd Ave, Los Angeles, CA 90018
2321 3rd Ave, Los Angeles, CA 90018
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Haley Kettrey

Haley Kettrey

+1(904) 846-3855
$ 1,625,000
Est. payment | /mo

14 Beds

7 Baths

4,178 SqFt

Save
$ 1,625,000
Est. payment | /mo
Save

14 Beds

7 Baths

4,178 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,178 sqft

Price per Sqft $388

MLS Listing ID 26856303

Style Contemporary

Bedrooms 14

Year Built 1958

Lot Size 6,505 Sqft

Acres 0.1493

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Flooring Hardwood, Carpet, Ceramic Tile

Equipment Garbage Disposal, Range/Oven, Refrigerator

Exterior

Parking Features Carport, Carport Attached, Driveway

Garage Spaces 12.0

Pool None

Building

Story 2

Sewer In Street

Water Public

Architectural Style Contemporary

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Coldwell Banker Realty

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Haley Kettrey

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(904) 846-3855

assistant@paradigmvisiongroup.com

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2321 3rd Ave