Address
1203 3rd Avenue, Los Angeles, CA
Price
$ 1,750,000
Property Attributes
- MLS#SR23159505
- TypeMulti-Family
- CountyLOS ANGELES
- CityLos Angeles
- AreaKoreatown
- Zip90019
- StyleTraditional,Victorian
- Price$ 1,750,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6516
- Lot Size8,616 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description
Unlock the potential of prime real estate in "The Avenues" of Historic West Adams with this exceptional Quadraplex. Seize the moment to own a piece of history and an even brighter future. Spanning generously, each of the four expansive units encompasses between 1450 and 1850 sq. ft. of versatile living space. With 2 well-appointed bedrooms and 1 bath each, these units present a harmonious blend of comfort and potential. Spacious kitchens invite culinary creativity, while the airy living rooms evoke a sense of open serenity. Discover the convenience of detached storage units for each unit, complemented by ample street parking for residents and guests alike. Offering modern convenience within the historic charm, every unit features dedicated washer and dryer hookups. The property's strategic locale abuts the recently revitalized Benny H. Potter, West Adams Avenues Memorial Park, adding a refreshing green expanse to your surroundings. Positioned centrally, revel in the proximity to a myriad of parks, shops, dining establishments, and cultural attractions. Beyond your immediate vicinity, connectivity is key. Downtown LA, USC, Culver City, and Hollywood are all within a short commute, maximizing your access to urban opportunities while nestled in a historic haven. This extraordinary property is poised to be a lasting investment and a testament to visionary ownership. Opportunities like this are fleeting - seize the chance before it slips away. Elevate your real estate portfolio!
| Price History | |
|---|---|
| 8/28/2023 | Listed $1,899,999 |
| 10/3/2023 | 39% - $1,175,000 |
General Features
| Additional Parcels Y/N | No |
|---|---|
| Architectural Style | Traditional, Victorian |
| Assoc Fees | 0.0 |
| Association Y/N | No |
| Attached Garage | No |
| Building Area Units | SquareFeet |
| Carport Y/N | No |
| City | Los Angeles |
| Community Features | Curbs, Sidewalks |
| Cooling | WallWindowUnits |
| County | Los Angeles |
| Days on Market | 36 |
| Directions | Lt on Country Club, Lt on 3rd Ave |
| Entry Location | Front |
| Fuel Expense | 0.0 |
| Garage Spaces | 0.0 |
| Garage Y/N | No |
| Gross Income | 0.0 |
| Home Warranty Y/N | No |
| Insurance Expense | 5127.0 |
| Interior Features | Balcony, CeilingFans, LaminateCounters, RecessedLighting |
| Land Lease Y/N | No |
| Lease Considered Y/N | No |
| Lease Renewal Y/N | No |
| Levels | Two |
| Listing Terms | Cash, CashtoNewLoan, Conventional, Submit |
| Lot Size Square Feet | 8616.0 |
| MLS Area | KREA - Koreatown |
| Mobilehomeremainsyn | No |
| Net Operating Income | 74289.0 |
| New Construction | No |
| Number of Units Leased | 4 |
| Operating Expense | 11427.0 |
| Other Structures | Storage |
| Pool Features | None |
| Private Pool | No |
| Property Attached Y/N | Yes |
| Property Sub Type Additional | Quadruplex |
| Property SubType | Quadruplex |
| Property Type | ResidentialIncome |
| Rent Control Y/N | Yes |
| Senior Community Y/N | No |
| Sewer | PublicSewer |
| Spa Features | None |
| Special Listing Conditions | Standard, Trust |
| Standard Status | Active |
| Status | Active |
| Stories | 2 |
| Street Name | 3rd |
| Tax Lot | 56 |
| Total Actual Rent | 7143.04 |
| Total Units | 4 |
| Trash Expense | 0.0 |
| View | None |
| View Y/N | No |
| Water Sewer Expense | 2700.0 |
| Waterfront Y/N | No |
| Year Built | 1916 |
| Year Built Source | Assessor |
| Zoning | LARD1.5 |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Basement (Y/N) | No |
| Common Walls | Item1CommonWall |
| Electric On Property Y/N | No |
| Entry Level | 2 |
| Fireplace Y/N | No |
| Flooring | Carpet, Tile, Vinyl |
| Heating Y/N | No |
| Laundry Features | Inside |
| Street Suffix | Avenue |
| Total Stories | 2 |
Exterior Features
| Building Area Total | 6516.0 |
|---|---|
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
| Lot Features | Item25UnitsAcre |
| Lot Size Acres | 0.1978 |
| Lot Size Area | 8616.0 |
| Lot Size Source | Assessor |
| Lot Size Units | SquareFeet |
| Number of Buildings | 1 |
| Number of Separate Electric Meters | 4 |
| Number of Separate Gas Meters | 4 |
| Number of Separate Water Meters | 1 |
| Open Parking Y/N | No |
| Spa | No |
| Total Parking | 0.0 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 90019
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of November 30, 2023 5:26 AM UTC 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. 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, 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.
