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Josh Canova

josh.canova@evrealestate.com +1(858) 361-7010

$ 1,480,000

Est. payment -/mo

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Active Under Contract

3220 W 2nd St Los Angeles, CA 90004

8 Beds

6 Baths

7,985 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 7,985 sqft

Price per Sqft $185

MLS Listing ID 26665803

Bedrooms 8

Year Built 1929

Lot Size 8,780 Sqft

Acres 0.2016

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment None

Exterior

Parking Features Garage Is Detached

Garage Spaces 6.0

Building

Level or Stories Two

Others

Special Listing Condition Standard

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Listed by Marcus & Millichap

NEARBY SCHOOLS & PROPERTIES

Josh Canova

Advisor | License ID: C135485

+1(858) 361-7010

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