1507 3RD Avenue, Los Angeles, CA 90019 | MLS 19450524 | Listing Information | Welcome to Real Living Premier Realty | Real Living Real Estate
Real Living Premier Realty
(951) 364-3100
FOR SALE
$2,000,000

1507 3RD Avenue
Los Angeles, CA 90019

Cluster
Residence
4,301
Sq. Ft.
0.1608
Acre Lot
1of
Photos
Map
Courtesy: Sean Rosenzweig - Marcus & Millichap
I am pleased to offer for sale an eight-unit (seven plus one non-conforming) apartment community located at 1507 3rd Avenue. Consisting of one building on a 7,004 square foot parcel, the property comprises entirely of two studios, four one-bedroom units, and two two-bedroom units. Current Ownership has extensively renovated five of the eight units at the property including adding stainless appliances, new flooring and upgraded kitchens and bathrooms. Additionally, the common area has been improved with new exterior paint and landscaping upgrades. Due to its 1960 construction, the property is subject to Los Angeles rent control statutes. The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue renovating the additional three units and achieve superior future returns moving forward make 1507 3rd Avenue and excellent acquisition opportunity.
19450524
Cluster, Other
Los Angeles
1960
0.1608 Acres
School Rating Out of 10
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Walk Score

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Courtesy: Sean Rosenzweig - Marcus & Millichap
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