1328 3rd Avenue

Los Angeles CA 90019

7502 sq. ft.

Multi-Family

Last sold for $675,000

Armando Olmeda, last sold this property on 08 May 2026 after 65 days on market.

Overview

Investor opportunity in prime Mid-City Los Angeles triplex with value-add potential. Located between Koreatown, Arlington Heights, and Mid-Wilshire, this centrally positioned multifamily income property offers strong rental demand, excellent tenant access to major job centers, and long-term upside in one of Los Angeles most desirable rental markets. The property features three units including a 2-bedroom / 1-bath front unit with interior parking, a 1-bedroom / 1-bath middle unit, and a spacious 3-bedroom / 1-bath rear unit, providing a versatile unit mix that attracts a wide range of tenants. The lot also includes approximately six covered carport parking spaces, a highly desirable amenity in dense Los Angeles neighborhoods. Two units are currently generating rental income, while the rear unit presents value-add potential for investors looking to renovate and reposition the property to increase rental income. Front or middle unit potentially may come vacant with the right offer. Back Unit is behind on 4 month payments. This also creates an excellent house-hack opportunity for an owner-occupant looking to live in one unit while offsetting the mortgage with rental income from the other units. Zoned LARD1.5, the property may offer future development potential and additional land value in a high-growth Los Angeles submarket (buyer to verify with city). Conveniently located near Downtown Los Angeles, Koreatown, public transportation, restaurants, shopping, and major employment centers, this property benefits from consistent tenant demand and strong long-term appreciation potential. Whether you're looking for a Los Angeles triplex investment, rental income property, house-hacking opportunity, or ADU development play, this Mid-City multifamily property offers flexibility, income potential, and a prime central location.

Features

6 bedrooms

3 bathrooms

7502 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 6 bedroom multi families sold in Los Angeles over the last 12 months, the estimated median property value of 1328 3rd Avenue is $1.32m.

Median value

$1.32m

Estimated value range

$675k - $1.7m

Median days on market

Estimated value trend

-3%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Los Angeles. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1328 3rd Avenue

2026

Sold

$675,000

08 May 2026 by Armando Olmeda, of RE/MAX Top Producers

Happy sellers in Los Angeles

We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.