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3220 W 2nd Street Los Angeles, CA 90004
$1,480,000 8 beds, 6 baths
7, 985 sqft
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Goossen / Neale Associates

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Agent Remarks

Offered at approximately $185 per square foot, far below today's replacement cost, this multifamily asset presents a rare opportunity to acquire in the Los Angeles market with a built-in value cushion while still benefiting from meaningful upside. The property features a well-balanced unit mix of two spacious 2-bedroom/2-bath units and four 1-bedroom/1-bath units, appealing to a broad tenant base ranging from small families and roommates to young professionals, supporting both strong retention and consistent demand. Situated on a large corner lot, the asset is comprised of two separate structures, creating a low-density, open layout with abundant natural light, improved airflow, and enhanced curb appeal. One structure includes townhouse-style units, further elevating tenant appeal for those seeking a more private, residential feel. Each unit enjoys its own private exterior entrance, reinforcing the property's home-like atmosphere, while six individual garages at the rear provide highly sought-after secure parking. Operational efficiency is enhanced by separately metered utilities, allowing tenants to cover their own usage and reducing expenses for ownership. With approximately 22% rental upside, investors have a clear path to increase income through strategic renovations, modernized interiors, and improved curb appeal. Complementing these fundamentals, the property showcases classic vintage architecture, including a pitched roof and raised foundation, offering timeless character that can be thoughtfully preserved while upgrading to meet today's rental expectations.

Listing Details

Property type: (Multi-Family)
Status: Active Under Contract
MLS# 26665803
List price is $1,480,000
Beds: 8
Baths: 6
Built in 1929
7,985 sqft
2 stories
0.20 acres
Lot size: 0.2016
County: Los Angeles
Zoning: LAR3
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: C17 - Mid-Wilshire

Last Updated: 6/10/2026

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This listing belongs to the C17 - Mid-Wilshire MLS area

Lat/Long: 34.070259, -118.285324.
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Listing Agent: Saadia 'Sam' Liberow
Lic#: 02074790
Office Name: Ventura

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Goossen / Neale Associates
Lic#: 02074790

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Ventura Office
789 S. Victoria Ave., Suite 100
Ventura, CA 93003
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