1714 3rd Ave
Los Angeles, CA 90019
6 Units for $132,500 per Unit with Parking · Multifamily Property For Sale
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6 Units
Property Facts
| No. Units | 6 | Building Size | 3,310 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1907 |
| Building Class | C | Parking Ratio | 1.21/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | LARD1.5 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,310 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1907 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
About 1714 3RD AVE , LOS ANGELES, CA 90019
PROPERTY TOUR DATE: Thursday, March 9th 10am-12pm Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a six-unit apartment community located at 1714 3rd Avenue. Positioned just south of Venice Boulevard, the property is located in the heart of Mid-City. The offering represents a unique buying opportunity to acquire an infill apartment building at an attractive cost per unit with an estimated 58 percent of rental upside. The property consists of one building totaling 3,310 square feet on a 5,962 square foot parcel. The unit mix is comprised of two single units and four one-bedroom/one-bathroom units. The building features on-site parking (four parking spaces) and is individually metered for gas and electricity. Due to its 1907 construction, the property is subject to Los Angeles rent control statutes. The subject property allows an investor to acquire an architecturally unique apartment building with significant value-add potential.
Property Taxes
| Parcel Number | 5072-031-014 | Improvements Assessment | $389,674 |
| Land Assessment | $865,945 | Total Assessment | $1,255,619 |
Property Taxes
