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Mediterranean Quadplex
For Sale
$1,449,000

1206 3rd Ave, Los Angeles, CA 90019

Residential Income, Mediterranean, Los Angeles, CA

Property Size4,908 SF
Lot Size0.18 Acres
Price / SF$295.23
Days on Market109

Property Features for 1206 3rd Ave

General Information

Property type Residential Multi Family
Property subtype Other
Zoning LARD1.5
Bedrooms 8
Bathrooms 4
Full bathrooms 2
Rooms Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 8, Bedroom 7, Bedroom 1, Bedroom 2, Bathroom 2
Parking 4
Parking features Garage
Appliances Oven-Gas
Lot features Landscaped, Back Yard
Directions Just West of Arlington Ave, North of Pico Blvd
Subdivision Hancock Park-Wilshire
Standard status Active
APN 5081-020-014
Size 4,908 SF
Lot size 0.18 Acres

Building Details

Year built 1921
Floors in Building 2
Number of units 4
Flooring type Carpet, Tile, Hardwood
Architectural style Mediterranean
Listing Agency: Century 21 Hollywood · Century 21 Real Estate
Listed By: Paul Barbosa · License #01435896
Added: May 22 Changed: Aug 19 Last Checked: Sep 7 at 3:06AM
MLS# 26837981

Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1921, this Mediterranean-style quadplex in Los Angeles contains four units within 4,908 square feet. Three units are planned for delivery vacant, while the property includes updated electrical systems and copper plumbing throughout. Interior finishes include carpet, tile, and hardwood flooring, with a gas oven among the listed appliances.

The property occupies a 0.1791-acre lot at 1206 3rd Ave in Los Angeles, CA 90019. Parking is provided by a detached four-car garage. The property is zoned LARD1.5 and includes bedroom and bathroom accommodations across the four units.

Key Highlights

  • Four‑unit Mediterranean property built in 1921
  • 4,908 square feet on a 0.1791‑acre lot
  • Three of four units delivered vacant

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Veterinary Clinic Supermarket Restaurant Butcher Tanning Salon Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

2,743
Businesses Nearby

Demographics for 90019, CA

62,002
Population
26,203
Households
2.4
Avg Household Size
38
Median Age
39%
College-Educated
80%
High-School Grad
3.9 sq mi
ZIP Area
15,898
Density / Sq Mi
$71,395
Median Household Income
$40,316
Median Earnings
$1,782
Median Rent
$1,178,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit rental property with a detached garage and updated electrical and copper plumbing systems.
Where is this quadplex located?
The property is located at 1206 3rd Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: Four‑unit Mediterranean property built in 1921; 4,908 square feet on a 0.1791‑acre lot; Three of four units delivered vacant
More about this property
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