Eight-Unit Multifamily
For Sale
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250 3rd Ave, Los Angeles, CA 90291
Eight-unit multifamily building with upgraded one-bedroom and studio homes, communal courtyard, and six on-site parking spaces.
Property Size3,288 SF
Price / SF$1,182
Days on Market139
Property Features for 250 3rd Ave
General Information
Standard status
Active
Size
3,288 SF
Class
B
Total Parking Spaces
12
Property subtype
Multifamily
Zoning
LAR1.5
Investment Type
Core
Net Operating Income
$161,958
Additional Details
Multifamily Units
8
Amenities
landscaped communal garden courtyard
on-site laundry
Building Details
Year Built
1956
Buildings
1
Stories
2
Units
8
Listing Agency:
Compass
Listed By:
John Swartz · License #CA 01873487
(310) 230-5478
Source:
Crexi
Added: Apr 21
Changed: Aug 28
Last Checked: Aug 31 at 9:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
250 3rd Ave is an eight-unit multifamily property featuring four one-bedroom/one-bath units and four studio units. The residences have been substantially upgraded with contemporary cabinetry, modern appliances, and updated finishes. Several units include private outdoor space, including very large private patios on two one-bedroom units, private balconies on two studio units, and soaring open ceilings with exposed wood beams on two top-floor one-bedroom units. A landscaped communal garden courtyard at the building entrance provides shared outdoor space, and on-site laundry supports day-to-day resident needs.
The building includes six on-site parking spaces. Recent capital improvements include replacement of most electrical systems, upgrades to the majority of lateral plumbing, and complete reconstruction of the building’s balconies with new handrails approximately six years ago. Utilities are landlord-paid, and the property has five electric meters and five gas meters on-site.
The existing parking configuration may offer a potential ADU development path, subject to applicable zoning approvals.
The building includes six on-site parking spaces. Recent capital improvements include replacement of most electrical systems, upgrades to the majority of lateral plumbing, and complete reconstruction of the building’s balconies with new handrails approximately six years ago. Utilities are landlord-paid, and the property has five electric meters and five gas meters on-site.
The existing parking configuration may offer a potential ADU development path, subject to applicable zoning approvals.
Key Highlights
- Eight‑unit multifamily property built in 1956 with a unit mix of four 1BD/1BA and four studios.
- Upgraded homes with contemporary cabinetry, modern appliances, and updated finishes.
- Outdoor features include very large private patios (2 1BD units), private balconies (2 studios), and reconstructed balconies with new handrails (~6 years ago).
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
3,709
Businesses Nearby
Explore this area
Business Placement
Demographics for 90291, CA
28,442
Population
16,709
Households
1.7
Avg Household Size
39
Median Age
72%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
11,377
Density / Sq Mi
$119,043
Median Household Income
$83,008
Median Earnings
$2,630
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit multifamily building with upgraded one-bedroom and studio homes, communal courtyard, and six on-site parking spaces.
Where is this apartment building located?
The property is located at 250 3rd Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,888,000.
What are key features of this property?
This property features: Eight‑unit multifamily property built in 1956 with a unit mix of four 1BD/1BA and four studios.; Upgraded homes with contemporary cabinetry, modern appliances, and updated finishes.; Outdoor features include very large private patios (2 1BD units), private balconies (2 studios), and reconstructed balconies with new handrails (~6 years ago).
