Properties

Los Angeles, CA 90004 3220 W 2nd Street

3220 W 2nd Street Los Angeles, CA - Image 13220 W 2nd Street Los Angeles, CA - Image 23220 W 2nd Street Los Angeles, CA - Image 3
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3220 W 2nd Street Los Angeles, CA - Image 43220 W 2nd Street Los Angeles, CA - Image 53220 W 2nd Street Los Angeles, CA - Image 63220 W 2nd Street Los Angeles, CA - Image 7
Presented By: Saadia 'Sam' Liberow with Marcus & Millichap;
  • MLS# 26665803
  • 03/17/2026
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  • Beds • 8
  • Baths • 1
  • SQFT • 7,985

Home Details

Offered at approximately $185 per square foot, far below today's replacement cost, this multifamily asset presents a rare opportunity to acquire in the Los Angeles market with a built-in value cushion while still benefiting from meaningful upside. The property features a well-balanced unit mix of two spacious 2-bedroom/2-bath units and four 1-bedroom/1-bath units, appealing to a broad tenant base ranging from small families and roommates to young professionals, supporting both strong retention and consistent demand. Situated on a large corner lot, the asset is comprised of two separate structures, creating a low-density, open layout with abundant natural light, improved airflow, and enhanced curb appeal. One structure includes townhouse-style units, further elevating tenant appeal for those seeking a more private, residential feel. Each unit enjoys its own private exterior entrance, reinforcing the property's home-like atmosphere, while six individual garages at the rear provide highly sought-after secure parking. Operational efficiency is enhanced by separately metered utilities, allowing tenants to cover their own usage and reducing expenses for ownership. With approximately 22% rental upside, investors have a clear path to increase income through strategic renovations, modernized interiors, and improved curb appeal. Complementing these fundamentals, the property showcases classic vintage architecture, including a pitched roof and raised foundation, offering timeless character that can be thoughtfully preserved while upgrading to meet today's rental expectations.
Presented By: Saadia 'Sam' Liberow with Marcus & Millichap;

Interior Features for 3220 W 2nd Street

Bedrooms

Total Bedrooms8

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths6

Other Interior Features

Air Conditioning Y/NYes
Heating Y/NYes
Total Stories

General for 3220 W 2nd Street

Attached Garage No
Cap Rate6.02
CityLos Angeles
CoolingWall/Window Unit(s)
CountyLos Angeles
DirectionsNear the corner of S Commonwealth Ave & W 2nd St
Full Baths
Gross Income137822
HOANo
HeatingWall Furnace
LevelsTwo
Living Area7985
Lot Size Square Feet8780
Lot Size UnitsSquare Feet
MLS AreaC17 - Mid-Wilshire
Net Operating Income89026
New ConstructionNo
Number Of Units Total6
PostalCityLOS ANGELES
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Year Built1929
ZoningLAR3

Exterior for 3220 W 2nd Street

Building Area Total7985
Lot Size Acres0.2016
Lot Size Area8780
Number of Buildings2
Total Parking6

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,480,000
MLS#26665803
List Date 03/17/2026
Property Type Multi-Family
Phone 888.795.6274
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