2321 3rd Avenue, Los Angeles, CA, 90018

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$1,625,000
72 Days On Site

2321 3rd Avenue
Los Angeles, CA 90018

For Sale|Residential Income|Active
14
Beds
7
Total Baths
4,178
SqFt
$389
/SqFt
1958
Built
County:
Los Angeles
Listed by Danny Mahelka of Coldwell Banker Realty Danny@LASold.net
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
2321 3rd Avenue2321 3rd Avenue2321 3rd Avenue2321 3rd Avenue
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Monthly Payment (Est.)

$7,414
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$1,625,000
Days On Site 
72 Days
Bedrooms 
14
Inside Area (SqFt) 
4,178 sqft
Total Baths 
7
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1493 Acres
Year Built 
1958
MLS® Number 
26856303
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
6 days agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.1493
Attached Garage 
Yes
Carport 
8
Direction Faces 
East
Levels 
One
Number Of Stories 
2
Parking 
AttachedAttached CarportCarportDriveway
Parking Spaces 
12
Sewer 
Other
Special Circumstances 
Standard
SqFt Total 
4178
Style 
Contemporary
Zoning 
LARD2
Interior Features
Appliances 
DisposalRefrigerator
Flooring 
CarpetWood
Heating 
Wall Furnace
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Exterior Features
Pool Features 
None
Spa Features 
None
Community Features
MLS Area 
C16 - Mid Los Angeles


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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