4246 3rd Avenue

Los Angeles, CA 90008

$1,000,000
Price
7
Beds
4
Baths
3,447 Sq. Ft.
$290 / Sq. Ft.
3,447
Sq. Ft.
$290
per Sq. Ft.

Description

Well-Maintained 4-Unit Income Property in Leimert Park. A rare opportunity to acquire a charming multi-unit property in the highly sought-after Leimert Park neighborhood. This building features four units with the following configurations: Two (2) One Bedroom/ One Bathroom, One (1) Two Bedroom / One Bathroom, and One (1) Three Bedroom / One Bathroom unit. The property is under rent control, fully occupied, and sold with tenants. Don't miss out on this unique investment opportunity in one of Los Angeles'...Well-Maintained 4-Unit Income Property in Leimert Park. A rare opportunity to acquire a charming multi-unit property in the highly sought-after Leimert Park neighborhood. This building features four units with the following configurations: Two (2) One Bedroom/ One Bathroom, One (1) Two Bedroom / One Bathroom, and One (1) Three Bedroom / One Bathroom unit. The property is under rent control, fully occupied, and sold with tenants. Don't miss out on this unique investment opportunity in one of Los Angeles' most iconic neighborhoods! Don't disturb tenants. Buyer and Buyer agent to verify zoning and square footage.
  1. Listed by Dionya Jackson • DRE #01977801 • Brokerage DRE #01342342 • Equity Union

Property Details for 4246 3rd Avenue

Zoning
LAR1
Parcel Number
5022027025
Total Units
4.0
Living Area
3447
Source Living Area
Vendor Enhanced
Area
Park Hills Heights (PHHT)
Vacancy Rate
0
Lot Size Area
5422
LISTING UPDATED: 12/21/2024 12:01 AM

Property Details for 4246 3rd Avenue

StatusActive
MLS #24-471675
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.12 AC / 5,422 SF
CountyLos Angeles County

Building Information for 4246 3rd Avenue

Stories-Residences-Year Built1924Building Size-Lot Size0.12 AC / 5,422 SF

Property Information for 4246 3rd Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 3
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $58,200
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1245
  • Lot Size Square Feet: 5422
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
  • Total Parking: 0
  • Garage Spaces Total: 4
  • Attached Garage: Yes
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-13-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $975.00
  • Unit Actual Rent: $975.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $975.00
  • Unit Actual Rent: $975.00
  • Unit Projected Rent: $1,700.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,300.00
  • Unit Actual Rent: $1,300.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $219,967.00
  • Assessed Improvement Percent: 55.29
  • Assessed Land Value: $177,882.00
  • Assessed Land Percent: 44.71
  • Assessed Total Value: $397,849.00

Property History for 4246 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 4246 3rd Avenue

Taxable ValueLand$181,439Additions$224,366Total$405,805
Tax Record2024$5,389 ($449 / month)
Home Facts
Total Finished SqFt3,447 SqFtAbove Grade Finished SqFt3,447 SqFtLot Size5,420 SqFtStyleQuadraplexYear Built1924ZoningLAR1CountyLOS ANGELESAPN5022-027-025

Schools near 4246 3rd Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Forty-Second Street Elementary School
PublicK to 5

New Heights Charter School
CharterK to 8

Academy of Media Arts
Charter9 to 12

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

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4246 3rd Avenue is a multi-family home for sale in Los Angeles, CA 90008. This property was listed for sale on December 13, 2024 by Equity Union, it's currently listed at $1,000,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Forty-Second Street Elementary School, New Heights Charter School and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet. 4246 3rd Avenue is a 7-bed, 4-bath, 3,447 sqft multi-family home built in 1924.

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 Equity Union, Dionya Jackson, DRE #01977801

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.