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.
For sale
Price cut: $50K (6/22)
$1,499,000
1206 3rd Ave, Los Angeles, CA 90019
8beds
4baths
4,908sqft
Multi Family
Built in 1921
-- sqft lot
$1,446,400 Zestimate®
$305/sqft
$-- HOA
What's special
Large lotCopper plumbing throughoutUpdated electrical systems
- 58 days |
- 220 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Paul Barbosa DRE # 01435896 323-533-6155,
Century 21 Hollywood 323-462-7436
Source: CLAW,MLS#: 26837981
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Wall
Cooling
- None
Appliances
- Included: Gas Oven, Disposal, Refrigerator
- Laundry: Common Area, Laundry Area
Features
- Ceiling Fan(s)
- Flooring: Hardwood, Carpet, Tile
Interior area
- Total structure area: 4,908
- Total interior livable area: 4,908 sqft
Property
Parking
- Total spaces: 4
- Parking features: Detached, Garage Is Detached, Garage - 4+ Car
- Garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: Ground Level w/steps
- Has view: Yes
- View description: None
Lot
- Size: 7,801 Square Feet
- Features: Landscaped, Back Yard
Details
- Additional structures: None
- Parcel number: 5081020014
- Zoning: LARD1.5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Mediterranean
- Property subtype: Multi Family
Materials
- Foundation: Raised
Condition
- Year built: 1921
Community & HOA
Community
- Security: Gated, Window Bars
HOA
- Amenities included: None
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $305/sqft
- Tax assessed value: $484,318
- Annual tax amount: $6,681
- Date on market: 5/23/2026
- Total actual rent: 15600
- Tenant pays: Cable TV, Electricity, Gas, Insurance, Trash Collection
Estimated market value
$1,446,400
$1.37M - $1.52M
$2,614/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Price change | $1,499,000-3.2%$305/sqft |
Source:  CLAW #26837981 Report a problem | ||
| 5/23/2026 | Listed for sale | $1,549,000-3.2%$316/sqft |
Source: CLAW #26837981 Report a problem | ||
| 1/16/2026 | Listing removed | $1,599,999$326/sqft |
Source: CLAW #24-439989 Report a problem | ||
| 9/12/2025 | Price change | $1,599,999-3%$326/sqft |
Source: CLAW #24-439989 Report a problem | ||
| 5/24/2025 | Price change | $1,649,999-2.9%$336/sqft |
Source: CLAW #24-439989 Report a problem | ||
| 4/19/2025 | Price change | $1,699,999-2.9%$346/sqft |
Source: CLAW #24-439989 Report a problem | ||
| 2/27/2025 | Price change | $1,749,999-5.4%$357/sqft |
Source: CLAW #24-439989 Report a problem | ||
| 11/27/2024 | Price change | $1,849,999-7.5%$377/sqft |
Source: CLAW #24-439989 Report a problem | ||
| 9/16/2024 | Listed for sale | $1,999,999+566.7%$407/sqft |
Source: CLAW #24-439989 Report a problem | ||
| 3/18/2019 | Listing removed | $2,250 |
Source: Century 21 Hollywood Report a problem | ||
| 2/18/2019 | Price change | $2,250-10% |
Source: Century 21 Hollywood Report a problem | ||
| 1/3/2019 | Listed for rent | $2,500$1/sqft |
Source: Century 21 Hollywood #19418660 Report a problem | ||
| 8/30/1994 | Sold | $300,000$61/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,681 +1.8% | $503,882 +2% |
| 2024 | $6,560 +1.8% | $494,003 +2% |
| 2023 | $6,446 +4.5% | $484,318 +2% |
| 2022 | $6,169 +1.7% | $474,823 +2% |
| 2021 | $6,065 -0.8% | $465,513 +1% |
| 2020 | $6,116 | $460,741 +2% |
| 2019 | $6,116 +6.3% | $451,708 +2% |
| 2018 | $5,751 | $442,852 +2% |
| 2017 | $5,751 +2.1% | $434,169 +2% |
| 2016 | $5,635 +3.3% | $425,656 +1.5% |
| 2015 | $5,455 +0.6% | $419,263 +2% |
| 2014 | $5,422 | $411,052 +2.5% |
| 2012 | -- | $401,172 +2% |
| 2011 | -- | $393,307 +0.8% |
| 2010 | -- | $390,369 -0.2% |
| 2009 | -- | $391,297 +2% |
| 2008 | -- | $383,626 +2% |
| 2007 | -- | $376,105 +2% |
| 2006 | -- | $368,732 |
| 2005 | -- | $368,732 +4% |
| 2004 | -- | $354,416 +1.9% |
| 2003 | -- | $347,921 +2% |
| 2002 | -- | $341,100 +4% |
| 2000 | -- | $327,856 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Koreatown
Nearby schools
GreatSchools rating
- 5/10Carson-Gore Academy Of Enviornmental StudiesGrades: K-5Distance: 0.7 mi
- 6/10Pio Pico Middle SchoolGrades: 6-8Distance: 0.3 mi
- 4/10Los Angeles Senior High SchoolGrades: 9-12Distance: 0.9 mi
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