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5 UNITS | WEST ADAMS DISTRICT
$1,599,000

Sold
  • Summary
  • Location
  • Amenities

5.76% CURRENT CAP RATE! We are pleased to present 2819 3rd Avenue, an attractive single story 5-unit property located in the upcoming Jefferson Park Neighborhood in the West Adams District. The unit mix is comprised of 1 and 2 bedroom units. All 5 units have been completely and beautifully renovated with no expense spared.  Renovations include new flooring, kitchens, bathrooms, doors, stainless steel appliances, recessed lightings, mini split hvac units, exterior paint, dual-pane windows, solar panels, landscaping, etc.

 

One of the 5 units is a 2 bedroom 2 bath ADU that was built from the ground up in 2022 which is located at the rear of the property.   There is open parking available on-site which is accessible from the alley.

 

Conveniently located close to Culver City, USC and Downtown LA not to mention in a strong West Adams District rental market. A true gem of a property not to be overlooked!

  • Priced to sell at a 5.59% current CAP rate
  • Attractive single story construction
  • Ideal mix of 1 and 2 bedroom units
  • Strong West Adams rental market
  • Renovations include: new flooring, new kitchen, new bathroom, new appliances, etc
  • Turnkey condition

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