1206 3rd Avenue

Los Angeles, CA 90019

$1,999,999
Price
8
Beds
4
Baths
4,908 Sq. Ft.
$407 / Sq. Ft.
4,908
Sq. Ft.
$407
per Sq. Ft.

Description

Welcome to Arlington Heights! Overall, the area south of Pico Boulevard and west of Arlington Avenue, including 3rd, 4th, and 5th Avenues, is a historically rich and culturally diverse neighborhood with a strong sense of community and a mix of architectural styles that reflect its development over time. You will not want to pass this Quadplex up for sale. First time on market in over 30 years! Really well maintained, spacious, quaint 2BR/1BA apartments with 3 Vacant units at COE. Each unit has built-ins...Welcome to Arlington Heights! Overall, the area south of Pico Boulevard and west of Arlington Avenue, including 3rd, 4th, and 5th Avenues, is a historically rich and culturally diverse neighborhood with a strong sense of community and a mix of architectural styles that reflect its development over time. You will not want to pass this Quadplex up for sale. First time on market in over 30 years! Really well maintained, spacious, quaint 2BR/1BA apartments with 3 Vacant units at COE. Each unit has built-ins such as shelving, hutches, faux-fireplaces and more. Each apartment has it's own private garage in the rear. Side entry access for convenience and one of the units has a private patio space. There is a community coin op washer/dryer. Backyard space with a tree for shade and outside quiet enjoyment. With the exception of one of the units that has a long term tenant they have been updated while maintaining the character of the era it was built. Access to tenants' unit shall be granted with accepted offer. Please DO NOT disturb occupants. Call Listing Agent for details! Drive by only!
  1. Listed by Paul Barbosa • DRE #01435896 • Brokerage DRE #01252271 • Century 21 Hollywood

Property Details for 1206 3rd Avenue

Zoning
LARD1.5
Style
Mediterranean
Parcel Number
5081020014
Total Units
4.0
Living Area
4908
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire
Vacancy Rate
75%
LISTING UPDATED: 09/16/2024 08:58 AM

Property Details for 1206 3rd Avenue

StatusActive
MLS #24-439989
Days on Market7
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.18 AC / 7,802 SF
CountyLos Angeles County

Building Information for 1206 3rd Avenue

Stories2Residences-Year Built1921Building Size-Lot Size0.18 AC / 7,802 SF

Property Information for 1206 3rd Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
  • View: No
  • View Description: None
  • View: None
  • Entry Floor Number: 1
  • Security Features: Gated, Window Bars
  • Direction Faces: West
  • Water Heaters: Yes
  • ADA Compliance: No
  • Water District: LADWP
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Conventional, Private, FHA, Cash To New Loan, Cash, CAL Vet, VA
  • Disclosures: Rent Control, Tenants in Common - DRE White
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $110,000
  • Net Operating Income: $68,000.00
  • Gross Income: $109,000
  • Cap Rate: 3.40%
  • Gross Rent Multiplier: $18.34
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 40000
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Paved: Yes
  • Lot Acreage: 0.1791
  • Lot Size Square Feet: 7802
  • Lot Features: Landscaped, Back Yard
  • Lot Description: Landscaped, Back Yard
Parking Details
Parking Details
  • Parking Garage: Detached, Garage Is Detached, Garage - 4+ Car
  • Total Parking: 4
  • Covered Parking: 4
  • Garage Spaces Total: 4
  • Attached Garage: No
  • Garage Structures Total: 4.0
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Hardwood, Carpet, Tile
  • Equipment: Ceiling Fan, Garbage Disposal, Refrigerator
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Attached
  • Cooking Appliances: Oven-Gas
  • Laundry: Community, Laundry Area
Exterior Features
Exterior Features
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Foundation Details: Raised
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-15-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Cable TV, Electricity, Gas, Insurance, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,600.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,600.00
  • Unit Actual Rent: $1,260.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Carpet: 2
  • Number of Disposal: 3
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Leased: 1
  • Number Patio: 1
  • Number Range: 4
  • Number Refrigerator: 4
  • Number Wall AC: 0
  • Number Water Meters: 4
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $201,797.00
  • Assessed Improvement Percent: 41.67
  • Assessed Land Value: $282,521.00
  • Assessed Land Percent: 58.33
  • Assessed Total Value: $484,318.00
  • Private Transfer Taxes: No

Property History for 1206 3rd Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1206 3rd Avenue

Taxable ValueLand$288,171Additions$205,832Total$494,003
Tax Record2023$6,446 ($537 / month)
Home Facts
Total Finished SqFt4,908 SqFtAbove Grade Finished SqFt4,908 SqFtLot Size7,800 SqFtStyleQuadraplexYear Built1921ZoningLARD1.5CountyLOS ANGELESAPN5081-020-014

Schools near 1206 3rd Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Pio Pico Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

Global Education Academy Middle School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1206 3rd Avenue is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on September 15, 2024 by Century 21 Hollywood, it's currently listed at $1,999,999. This listing's school district is Los Angeles Unified School District. Nearby schools include Carson-Gore Academy Of Enviornmental Studies, Pio Pico Middle School and Los Angeles Senior High School. 1206 3rd Avenue is a 8-bed, 4-bath, 4,908 sqft multi-family home built in 1921.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Hollywood, Paul Barbosa, DRE #01435896

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.