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$1,499,000

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • 4 Car Garage
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Rare multi-family opportunity in a high-demand rental pocket. This pride-of-ownership Mediterranean fourplex features an expansive 4,908 sqft layout on a large lot. Highly attractive to investors: three of the four units will be delivered entirely vacant, allowing you to bypass strict rent control limits and set market rents on day one. Mechanically sound with updated electrical systems and copper plumbing throughout. Features a 4-car detached garage and excellent rental upside. Delivered with 3 units vacant. Turnkey condition with rare major CapEx already completed (updated copper plumbing and electrical panels). Huge upside to hit a projected $120k+ gross income. Offers reviewed as received. Please do not walk the property. Call listing agent to schedule showings for vacant units.

Full Property Details for 1206 3rd Ave

General

  • Price: $1,499,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 26837981
  • Updated: 6/22/2026
  • Added to Site: 49 day(s) ago

Interior

  • Cooking Appliances: Oven-Gas
  • Flooring: Hardwood, Carpet, Tile

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Other Rooms

  • Laundry: Community, Laundry Area

Additional Information

  • Shared Amenities: None
  • Security/Safety: Gated, Window Bars
  • Other Features: None

Parking

  • Garage: Yes
  • Garage Spaces: 4
  • Covered Spaces: 4
  • Garage Description: Detached, Garage Is Detached, Garage - 4+ Car

Location

  • Area: Hancock Park-Wilshire
  • County: Los Angeles
  • Driving Directions: Just West of Arlington Ave, North of Pico Blvd
  • Direction Faces: West

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall

Utilities

  • # Gas Meters: 4
  • # Electric Meters: 4

Structural Information

  • # Buildings: 1
  • Architectural Style: Mediterranean
  • Basement Desc.: Raised
  • Foundation: Raised
  • Common Walls: Attached
  • Entry Floor Number: 1
  • Entry Location: Ground Level w/steps
  • Stories/Levels: 2
  • Square Feet: 4,908
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1921
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 4
  • Unit Type: 2106, 2107
  • Units w/Carpet: 2

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.1791
  • Lot Size: 7802
  • Lot Size Source: Vendor Enhanced
  • Zoning: LARD1.5
  • Lot Description: Landscaped, Back Yard

Financial Considerations

  • Price Per Sq. Ft.: $305.42
  • Assessment Year: 1921
  • Owner Pays: Water, Gardener
  • Tenant Pays: Cable TV, Electricity, Gas, Insurance, Trash Collection

Disclosures and Reports

  • Disclosures/Reports: Rent Control, Subject To Other
  • APN: 5081-020-014

Listed by Century 21 Hollywood, Paul Barbosa

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Listing agent

— 1206 3rd Ave —

  • Paul Barbosa

    Century 21 Hollywood

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1206 3rd Ave

School District:Los Angeles Unified School District
NameGradesDistance
Carson-Gore Academy Of Enviornmental Studies
3200 West Washington Boulevard, Los Angeles, CA 90018
5-40.7 mi
Pio Pico Middle School
1512 Arlington Avenue, Los Angeles, CA 90019
6-80.2 mi
Los Angeles Senior High School
4650 West Olympic Boulevard, Los Angeles, CA 90019
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1206 3rd Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/22/2026
Price Reduced
$1,499,000
-3.23%
MLS
5/22/2026
Listed
$1,549,000
416.33%
MLS
8/30/1994
Sold
$300,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1206 3rd Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,681
4%
$503,882
4%
2023
$6,446
4%
$484,318
2%
2022
$6,169
2%
$474,823
2%
2021
$6,065
-1%
$465,513
1%
2020
$6,116
4%
$460,741
2%
2019
$5,893
2%
$451,708
2%
2018
$5,751
2%
$442,852
2%
2017
$5,635
3%
$434,169
2%
2016
$5,455
1%
$425,656
2%
2015
$5,379
-1%
$419,263
2%
2014
$5,422
—
$411,052
—
2013
$5,416
—
$409,195
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1206 3rd Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Century 21 Hollywood, Paul Barbosa

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1206 3rd Ave, Los Angeles, CA 90019 (MLS# 26837981) is a Multi-Family property with units containing 8 bedrooms and 0 full bathrooms. 1206 3rd Ave is currently listed for $1,499,000 and was received on May 22, 2026. Want to learn more about 1206 3rd Ave? Do you have questions about finding other Multi-Family real estate for sale in Hancock Park? You can browse all Hancock Park real estate or contact a Coldwell Banker agent to request more information.

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