3220 W 2nd Street, Los Angeles, CA 90004

• 7,985 sqft

Property Description

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, moderni

Listing Status:

Active

Date Added:

March 17, 2026

Data Last Updated:

April 2, 2026 at 3:08AM

Listing Office:

Marcus & Millichap : 818-212-2700

Listing Agent:

Saadia 'Sam' Liberow : 818-212-2795

MLS ID:

CL26665803

Interior

• A/C: Wall/Window Unit(s)
• Heating: Wall Furnace

Location

• County: Los Angeles

Lot

• Zoning: LAR35501019023