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$2250000   Price Analysis
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2406 3rd Ave
Los Angeles, CA 90018
11 bed 10 bath 6831 SqFt ($329/SqFt)
8832SqFt lot. Built 1923
Listed 2024-07-18, Taxes $4999
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Great Investment opportunity to own a Quadraplex located in The Avenues of Historic West Adams on a corner lot!

This vast property is what you call a rare fnd. Four large units, each shy of 1, 800 sq. ft. featuring 2 bedrooms and 1 bath, large kitchens and spacious living rooms with a pleasing open feel. Each unit comes with a 1 car garage and plenty of street parking as well as washer and dryer hookups in each unit. 3 units are rented and 1 unit is vacant (possible owners unit) and remodeled with a private side yard and patio.

Perfect opportunity for you to pick your own tenant or live in the vacant unit and continue renting the others. Located next to the beautifully renovated Benny H. Potter, West Adams Avenues Memorial Park. This central location is perfect for exploring the parks, shops, restaurants and many other amenities nearby. You are also conveniently minutes from DTLA, USC, Culver City Sofi Stadium and Hollywood studios. This property is an incredible opportun ity that won't last long!


Presented by Davin Emmons at
Homesmart, Evergreen Realty.


Property MLS #OC24146907 from CRMLS

Bedrooms: 11

Balcony
Flooring: Tile, Vinyl

Appliances: Gas Range, Refrigerator
Appliances YN: Yes
Laundry Features: Inside

Kitchen, Laundry, Living Room, Main Floor Bedroom

Full Bathrooms: 10

Heating Features: Central
Heating: Yes

Lighting
Fencing: Fence YN: Yes, Fencing: Chain Link, Wood
Road Frontage Type: City Street
Road Surface Type: Paved

Lot Description: 0-1 Unit/Acre, Front Yard, Lawn, Level
Lot Size Acres: 0.2027548
Lot Size Source: Assessor
Lot Size Square Feet: 8832

Garage Spaces: 5
Parking Features: Parking Features: Auto Driveway Gate, Driveway, Concrete, Driveway Level, Garage, Garage Faces Front, Street
Parking Total: 5

View: Park/Greenbelt

Number of Units: 4
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 3
Total Bathrooms in Unit-2: 1
Unit-1 Garage Spaces: 4
Unit-2 Garage Spaces: 1

Rent Control: Yes

Community Features: Sidewalks, Urban

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 500.00
Area: C16 - Mid Los Angeles
Source Neighborhood: C16 - Mid Los Angeles
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 4
Parcel Number: 5059026018
Postal Code Plus 4: 1814
Trash Expense: 150.00
Zoning: LARD2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$176953 + $176953
$353906
$4999
2021$173484 + $173484
$346968
$4897
2020$171706 + $171706
$343412
$4933
2019$168340 + $168340
$336680
$4766
2018$165040 + $165040
$330080
$4612
2017$161804 + $161804
$323608
$4526
2016$158632 + $158632
$317264
$4344
2015$156250 + $156250
$312500
$4288
2014$153190 + $153190
$306380
$4330
2013$152498 + $152498
$304996
$4324
2012$149508 + $149508
$299016
$4382
2010$146577 + $146577
$293154
$4335
2009$145828 + $145828
$291656
$4175
2009$145482 + $145482
$290964
$4175
2008$142969 + $142969
$285938
$4019
2007$140166 + $140166
$280332
$3863

Listed 2024-07-18
$2250000
CRMLS
Sold 2023-10-10
$1755000
CRMLS
Listed 2023-05-08
$1899000
CRMLS
Sold 1986-12-16
$195000
Public Record

Net Operating Income: 1400.00

Total Square Feet Living: 6831
Year Built: 1923
Building Features: 1
Common Walls: No Common Walls
Construction Materials: Stucco
Entry Level: 1
Entry Location: Ground & 2nd Level
Property Age: 101
Property Condition: Updated/Remodeled
Roof: Concrete
Building Total Stories: 2
Structure Type: Quadruplex
House Style: Mid Century Modern
Year Built Source: Assessor

Electric Expense: 200.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 200.00
Cable Available
Water Source: Public

Johnnie Cochran, Jr., Middle School is a public middle school located approximately 0.6 miles away.
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Sixth Avenue Elementary School is a public elementary school located approximately 0.6 miles away.
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Los Angeles Senior High School is a public high school located approximately 1.6 miles away.
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Spirit Child Development Center is a private elementary school located approximately 0.6 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.