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$ 1,499,000
Est. payment /mo
Price Dropped by $20K
2025 3rd AVE Los Angeles, CA 90018
9 Beds
4 Baths
3,446 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,446 sqft
Price per Sqft $434
MLS Listing ID 26848141
Bedrooms 9
HOA Y/N No
Year Built 1924
Lot Size 7,000 Sqft
Property Description
Exceptional investment and owner-user opportunity in the highly desirable Jefferson Park neighborhood of Los Angeles. This beautifully maintained Spanish-style triplex combines timeless character with modern improvements, offering immediate rental income and outstanding long-term investment potential. The property consists of three spacious units: Unit #1 features 4 bedrooms, 2 bathrooms, and approximately 1,700 sq ft on the first floor; Unit #2 offers 3 bedrooms, 1 bathroom, and approximately 1,100 sq ft on the second floor; and Unit #3 includes 2 bedrooms, 1 bathroom, and approximately 700 sq ft on the second floor. Unit #3 can be delivered vacant if desired, providing an excellent opportunity for an owner-user or investor seeking additional flexibility.Recent improvements include updated kitchens and bathrooms, original hardwood flooring, updated plumbing, updated electrical panels, fresh interior and exterior paint, and a well-maintained building with excellent curb appeal. A major benefit is that each unit is separately metered for WATER, GAS, and ELECTRICITY, helping reduce owner-paid utility expenses. The property also offers on-site parking, attractive layouts, and abundant natural light.Additional upside may be available through the existing laundry room, which offers potential for conversion into an ADU. Buyer to independently verify all permits, zoning, feasibility, and development possibilities with the appropriate authorities. BUYER FINANCING OPPORTUNITY: This property appears to be located within a designated Census Tract that may qualify eligible buyers for a Welcome Home Grant of up to $20,000 with no income restrictions. Grant funds may potentially be applied toward down payment assistance, closing costs and loan fees, or discount points for an interest-rate buydown to help lower monthly payments. Program features include 3% down payment available, no private mortgage insurance (PMI), and reduced origination fees. All loan programs, grant amounts, property and borrower eligibility, terms, and availability are subject to lender guidelines and approval. Buyer should independently verify eligibility and program details with a participating lender. Ideally located just minutes from Downtown Los Angeles, USC, Exposition Park, Culver City, Mid-City, Koreatown, shopping, dining, entertainment, public transportation, and the 10 Freeway. The property benefits from strong rental demand in one of Los Angeles' established neighborhoods.An excellent opportunity for investors seeking rental income, future upside, and long-term appreciation, or for an owner-user looking to occupy Unit #3 while generating income from the other two units. Also well suited for a 1031 exchange or portfolio addition.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD2
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Fireplace No
Appliance Disposal, Microwave, Oven, Refrigerator, Range Hood, Dryer, Washer
Laundry Common Area
Exterior
Total Parking Spaces 10
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5060027017
Special Listing Condition Standard
Listed by Eun Kim Urban Real Estate, Inc. #02123755