Properties

Los Angeles, CA 90019 1328 3rd

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Presented By: Armando Olmeda with RE/MAX TOP PRODUCERS; homesbyolmeda@gmail.com
  • MLS# CV26045861
  • 03/01/2026
  • Get pre-approved
  • Request Tour
  • Request Info
  • Baths • 1
  • SQFT • 2,347

Home Details

Investor opportunity in prime Mid-City Los Angeles โ€“ 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 Angelesโ€™ 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.
Presented By: Armando Olmeda with RE/MAX TOP PRODUCERS; homesbyolmeda@gmail.com

Interior Features for 1328 3rd

Other Interior Features

Air Conditioning Y/NYes
Common WallsNo Common Walls
Fireplace FeaturesSee Remarks
Fireplace Y/NYes
Heating Y/NYes
Interior AmenitiesOpen Floorplan
Laundry FeaturesCommon Area
Total Stories2

Other Rooms

Entry Level1

General for 1328 3rd

AccessibilitySafe Emergency Egress from Home, Parking, See Remarks
Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Gas Range, Microwave, Refrigerator
Building Area UnitsSquare Feet
Carport Spaces6
Carport Y/NYes
CityLos Angeles
Community FeaturesStreet Lights, Sidewalks
ContingencySubject to LA County RSO rent stabilization. Property to be sold strictly โ€œAS-ISโ€ in its present condition without repairs or credits unless otherwise agreed in writing. All information contained in the MLS, including but not limited to room count, room size and function, square footage, lot size, lot lines and dimensions, utilities, zoning, permits (if any), property condition, school boundaries, community features, association information, assessments, taxes, Mello-Roos, road agreements, and any other property-related data, has not been independently verified by Listing Broker. Buyer and Buyerโ€™s Agent are solely responsible for conducting their own independent investigations, inspections, and due diligence to satisfy themselves as to all aspects of the property. Listing Broker and Seller make no representations or warranties, express or implied, regarding the accuracy of MLS information or property details.
CoolingCentral Air
CountyLos Angeles
DirectionsFrom The Grove: Head east on 3rd St, south on La Brea, west on San Vicente, south on 3rd Ave.
ElectricStandard
Electric Expense
Entry LocationFront
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income33600
HOANo
HOA Fee$
HeatingSee Remarks
Insurance Expense
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Conventional, FHA 203(b), FHA, VA Loan
Lot Size Square Feet7502
Lot Size UnitsSquare Feet
MLS AreaC16 - Mid Los Angeles
Net Operating Income
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Open Parking Spaces2
Operating Expense0
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NNo
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidential Income
Rent Control Y/NYes
RoofShingle
Security FeaturesCarbon Monoxide Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive Under Contract
StatusActive Under Contract
Stories Count2
Tax Lot8
Tenant PaysElectricity, Gas
Total Actual Rent6100
Trash Expense1200
UtilitiesElectricity Connected, Natural Gas Available, Sewer Available, Sewer Connected, See Remarks, Water Available, Water Connected
ViewCity Lights
Water Sewer Expense3000
Year Built1903
Year Built SourcePublic Records

Exterior for 1328 3rd

Building Area Total2347
FencingChain Link
Foundation DetailsSee Remarks
Lot FeaturesFront Yard, Rectangular Lot
Lot Size Acres0.1722
Lot Size Area7502
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Parking FeaturesCovered
Private PoolNo
SpaNo
Total Parking8
Water SourcePublic

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 $1,059,000
MLS#CV26045861
List Date 03/01/2026
Property Type Multi-Family
Phone 888.795.6274
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Request Tour
Request Info
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