1328 3rd, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath

1328 3rd, Los Angeles, California 90019 home-pic-0

1328 3rd

Los Angeles, California 90019

ACTIVE
CONDITION: POOR
0Beds
0Baths
2,347Sq Ft
7,502Lot Size

Property Price

LIST PRICE$1,059,000

SUMMARY

Analysis of 1328 3rd, Los Angeles, California 90019 is currently available with a list price of $1,059,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

Property is extensive renovation needed.

Built in 1903, this triplex is marketed as a 'value-add' investor opportunity requiring renovation and repositioning. The listing description and property analysis explicitly highlight aging infrastructure and the need for substantial maintenance. With one unit specifically identified for renovation to increase rental income and the property's overall age exceeding 120 years, it likely requires significant updates to major systems, kitchens, and bathrooms to meet modern standards.

PROSSTRENGTHS & OPPORTUNITIES

  • Strategic Mid-City Location

    Centrally positioned between Koreatown, Arlington Heights, and Mid-Wilshire, this property sits in a high-demand rental market with excellent access to major Los Angeles job centers.

  • Value-Add & Development Potential

    Zoned LARD1.5 on a generous 7,502 sqft lot, the property offers significant upside through unit renovations, repositioning, or potential future development and ADU additions.

  • Exceptional Parking Capacity

    The inclusion of approximately six covered carport spaces is a rare and highly coveted amenity in dense Los Angeles neighborhoods, significantly enhancing tenant retention and property value.

CONSRISKS & DEFICIENCIES

  • Tenant Delinquency Issues

    The rear unit is currently four months behind on rent, presenting an immediate cash flow challenge and potential legal or relocation hurdles for a new investor.

  • Aging Infrastructure

    Built in 1903, the property likely requires substantial maintenance or modernization of major systems to address the wear and tear associated with a century-old structure.

About 1328 3rd

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.

Property Details

Public Facts

Property Type
Triplex
Year Built
1903
Lot Size
7,502 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Los Angeles Unified Schools

Carson-Gore Academy Of Enviornmental Studies

Grades K-5 • 0.4 mi

6/10

Arlington Heights Elementary School

Grades K-5 • 0.4 mi

3/10

Queen Anne Place Elementary School

Grades K-5 • 0.8 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot2,3472,347
50%
Lot Size7,5026,167
79%
Price$1.06M$1.10M
47%
Price per sq ft$451$475
42%
Built year19031929
5%
HOA$0$0
50%
Days on market3191
5%

Pricing History

Listed for Sale

Mar 3, 2026

$1,059,000

Initial Listing

Sold

Nov 18, 1999

$207,000

Public Record

Sold

Sep 22, 1994

$141,000

Public Record

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