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Five-Unit Apartment Building with ADU
New
For Sale
$1,499,000

2819 3rd Ave, Los Angeles, CA 90018

Fully occupied multifamily property with renovated residences, a permitted ADU, gated parking, and in-unit laundry.

Property Size2,550 SF
Days on Market7

Property Features for 2819 3rd Ave

General Information

Standard status Active
Size 2,550 SF
Total Parking Spaces 4
Property subtype MULTI_FAMILY
Occupancy 100%

Units

Unit Mix 4 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 5

Additional Details

Gross Income $124,800
Public Transit Yes

Amenities

in-unit washer and dryer
mini-split A/C
updated kitchen and bathroom
dual-pane windows
modern finishes

Building Details

Building Size 2,550 SF
Year Built 1925
Construction bungalow-style
Tenancy Multi
Listing Agency: Luxury Collective
Listed By: Lorena Alvarado · License #02023071
Source: Rochellemaize
Added: Aug 26 Changed: Aug 31 Last Checked: Aug 31 at 9:29PM

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 Luxury Collective

Investment Insights

Based on property information with market context.

Built in 1925, this five-unit multifamily property combines four bungalow-style residences with a detached, permitted two-bedroom/one-bath ADU completed in 2022. Three residences offer two-bedroom/one-bath layouts, while the remaining home is configured as a one-bedroom/one-bath unit. Each residence includes an in-unit washer and dryer, mini-split A/C, updated kitchen and bathroom finishes, dual-pane windows, and access to four gated off-street parking spaces.

Capital work completed within the past five years includes PEX water supply lines, a trenchless CIPP-lined main sewer line, electrical upgrades, roof improvements, and construction of the ADU. The property is fully occupied, with three residences operating under month-to-month tenancies. It is located at 2819 3rd Ave in Los Angeles, near Culver City, USC, Downtown Los Angeles, the Expo Line, restaurants, shopping, and major employment centers.

Key Highlights

  • Five‑unit multifamily property with four bungalow residences and a detached ADU
  • Detached permitted 2‑bedroom/1‑bath ADU completed in 2022 with Certificate of Occupancy
  • Three 2‑bedroom/1‑bath residences plus one 1‑bedroom/1‑bath residence

Property Analytics

Current Use

1031 exchange properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Gym & Fitness Center Pharmacy

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

5
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,093
Businesses Nearby

Demographics for 90018, CA

50,179
Population
17,917
Households
2.8
Avg Household Size
37
Median Age
24%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
16,726
Density / Sq Mi
$63,671
Median Household Income
$36,845
Median Earnings
$1,512
Median Rent
$886,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Apartment building - Fully occupied multifamily property with renovated residences, a permitted ADU, gated parking, and in-unit laundry.
Where is this apartment building located?
The property is located at 2819 3rd Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Five‑unit multifamily property with four bungalow residences and a detached ADU; Detached permitted 2‑bedroom/1‑bath ADU completed in 2022 with Certificate of Occupancy; Three 2‑bedroom/1‑bath residences plus one 1‑bedroom/1‑bath residence
More about this property
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