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3220 W 2nd Street, Los Angeles, CA 90004

$1,480,000

$185 per ft²

8 Bed

6 Bath

7,985 Sq Ft

0.2016 Acres

Listing Office: Marcus & Millichap

Image 1 of property listing at 3220 W 2nd Street, Los Angeles, CA 90004

Image 2 of property listing at 3220 W 2nd Street, Los Angeles, CA 90004

Image 3 of property listing at 3220 W 2nd Street, Los Angeles, CA 90004

Image 4 of property listing at 3220 W 2nd Street, Los Angeles, CA 90004

Image 5 of property listing at 3220 W 2nd Street, Los Angeles, CA 90004

Image 6 of property listing at 3220 W 2nd Street, Los Angeles, CA 90004

Image 7 of property listing at 3220 W 2nd Street, Los Angeles, CA 90004

Image 8 of property listing at 3220 W 2nd Street, Los Angeles, CA 90004

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 Agent: Saadia 'Sam' Liberow

License Number: 01933858

Offered by: Marcus & Millichap

Office Phone: 818-212-2700

MLS: #26665803

California Regional MLS

Date Added: 03/17/2026 12:00:00 am

Last Update: 03/17/2026 10:17:40 pm

Days on Market: 2

Interior

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

Exterior

Parking: Parking spaces: 6

Construction

General: 2

Location

Originating MLS: CRMLS_CL
County: Los Angeles

Lot

Zoning: LAR3, 5501019023

Financial

Source: CRMLS_CL

Property

Year Built: 1929
Type: Multi-Family
Parcel #: 5501019023

03/17/2026Active

03/17/2026$1,480,000@ 185 per ft²Listed

Listing Broker

Tade Keshishyan

1 @

License #: 02190628

Email: [email protected]

Phone: 8183592303

Location: CA

Last Updated: 03/17/2026 10:17:40 pm

Offered by: Saadia 'Sam' Liberow, 01933858, 818-212-2795 @ Marcus & Millichap

MLS: #26665803

Source: California Regional MLS

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3220 W 2nd Street, Los Angeles, CA 90004 is a 8 Bed, 6 Bath, 7,985 Sq Ft, 0.2016 Acres, Multi-Family built in 1929.

This property is currently available and was listed by California Regional MLS on 03/17/2026 12:00:00 am. The MLS # for the property is MLS #26665803.