About 1206 3rd Avenue
Rare multi-family opportunity in a high-demand rental pocket. This pride-of-ownership Mediterranean fourplex features an expansive 4,908 sqft layout on a large lot. Highly attractive to investors: three of the four units will be delivered entirely vacant, allowing you to bypass strict rent control limits and set market rents on day one. Mechanically sound with updated electrical systems and copper plumbing throughout. Features a 4-car detached garage and excellent rental upside. Delivered with 3 units vacant. Turnkey condition with rare major CapEx already completed (updated copper plumbing and electrical panels). Huge upside to hit a projected $120k+ gross income. Offers reviewed as received. Please do not walk the property. Call listing agent to schedule showings for vacant units.
Features of 1206 3rd Avenue
| MLS® # | 26837981 |
|---|---|
| Price | $1,449,000 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Square Footage | 4,908 |
| Lot Size | 7,802 |
| Year Built | 1921 |
| Type | Residential Income |
| Style | Mediterranean |
| Status | Active |
| # Of Units | 4 |
Community Information
| Address | 1206 3rd Avenue |
|---|---|
| Area | C18 - Hancock Park-Wilshire |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90019 |
Amenities
| Parking Spaces | 4 |
|---|---|
| # of Garages | 4 |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Tile, Wood |
|---|---|
| Interior Features | Ceiling Fan(s) |
| Appliances | Disposal, Gas Oven, Refrigerator |
| Heating | Wall Furnace |
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | Back Yard, Landscaped |
|---|---|
| Foundation | Raised |
Additional Information
| Date Listed | May 22nd, 2026 |
|---|---|
| Days on Market | 110 |
| Zoning | LARD1.5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Paul Barbosa |
|---|---|
| Office | Century 21 Hollywood |