$1,499,000

Turnkey income property generating $10,483 per month (4 units + detached ADU), approx. 7.18% market cap rate! Rare investment in the highly desirable Jefferson Park / West Adams neighborhood. Properties offering this combination of current income, major capital improvements, and remaining upside are increasingly difficult to find in Los… Read More Angeles. The property features four charming bungalow-style residences PLUS a newly built, permitted detached 2-bedroom/1-bath ADU (2022) with its own Certificate of Occupancy. Three residences have been renovated into desirable 2-bedroom/1-bath homes, while one updated 1-bedroom/1-bath residence offers additional value-add potential through a future conversion to a 2-bedroom floor plan (buyer to verify). Three units are currently occupied under month-to-month tenancies, providing additional operational flexibility for the next owner. Major capital improvements completed within the past five years include updated PEX water supply lines, a trenchless CIPP-lined main sewer line, significant electrical and roof improvements, and the ground-up construction of the detached ADU. Each residence features its own in-unit washer and dryer, mini-split A/C, updated kitchen and bathroom, dual-pane windows, modern finishes, and access to four gated off-street parking spaces. Professionally fumigated in 2023 and recently passed the City's required inspections, the property has been proactively maintained and is ready for its next owner. Ideally located minutes from Culver City, USC, Downtown Los Angeles, the Expo Line, restaurants, shopping, and major employment centers, this is an exceptional opportunity for investors and 1031 exchange buyers seeking immediate income with meaningful long-term appreciation potential in one of Los Angeles's most desirable rental neighborhoods. Buyer to independently verify all information. Unit 1: 2 Bed / 1 Bath Actual Rent: $1,995 Projected Rent: $2,400 Lease: Month-to-Month Unit 2: 2 Bed / 1 Bath Actual Rent: $2,300 Projected Rent: $2,400 Lease: Month-to-Month (Expired 04/2024) Unit 3: 2 Bed / 1 Bath Actual Rent: $1,995 Projected Rent: $2,400 Lease: 1-Year (Exp: 07/2027) Unit 4: 1 Bed / 1 Bath Actual Rent: $2,034 Projected Rent: $2,200 Lease: Month-to-Month (Expired 04/2024) Unit 5: (2022 ADU): 2 Bed / 1 Bath Actual Rent: $1,990 Projected Rent: $2,500 Lease: 1-Year (Exp: 02/2027) Read Less

Courtesy of Luxury Collective 424-395-4841

Listing Snapshot

Days Online

Last Updated

Oct 3, 2026

Property Type

Other

Beds

Square Ft.

2,550

Lot Size

0.13 Acres

Year Built

1925

MLS Number

26885929

Additional Details

Appliances & Equipment

Dishwasher, Dryer, Microwave, Washer, Refrigerator

Building

2,550 sq ft, Built in 1925, Levels: One Level, Modern

Cooling

Air Conditioning

Disclosures

None

Garage

Assigned

Heating

Other

Lot

LotAcreage: 0.1337, LotSizeArea: 5,825

Parking

TotalParking: 4

Property

NumberOfUnits: 5, OtherStructures: None, Zoning: LARD3

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2819 3rd Ave

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