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$1,400,000
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Property Description
Discover this beautiful Hancock Park quadplex in the heart of Los Angeles, where historic elegance meets modern convenience. Nestled on a spacious 7,802 sq ft lot with a total of 4,665 sq ft of living space, this income-generating property features four well-designed units: two spacious 2-bedroom, 2-bathroom units in good condition, and two cozy 1-bedroom, 1-bathroom units in average condition.,With two units in decent shape and room for updates, it offers strong cash flow and value-add potential for savvy investors. Enjoy the tranquility of tree-lined streets and stately estates, while being steps from vibrant Larchmont Village for boutique shopping, dining, and entertainment. Proximity to Metro lines, Wilshire Country Club, cultural landmarks like the Los Angeles County Museum of Art (LACMA), and trendy Melrose Avenue ensures easy access to all that LA has to offer. Don't miss this rare opportunity in one of the city's most prestigious enclaves, perfect for generating reliable income in a high-demand area!
Full Property Details
Full Property Details for 1220 3rd Ave
General
- Price: $1,400,000
- Status: Active
- Type: Multi-Family
- Source: CLAW
- MLS ID: 25631149
- Updated: 3/6/2026
- Added to Site: 139 day(s) ago
Interior
- Rooms/Areas: Study, Walk-In Closet, Living Room, Dining Area
- Cooking Appliances: Oven-Gas
- Flooring: Laminate, Carpet, Mixed, Travertine
Rooms
Bathrooms
- Total Bathrooms: 6
- Bathroom Features: Shower and Tub
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: In Unit
Additional Information
- Pool Description: None
- Spa Description: None
- Security/Safety: Fire and Smoke Detection System, Carbon Monoxide Detector(s), Smoke Detector, Prewired for alarm system
- Other Features: Accessory Bldgs
Exterior
- Deck/Patio: None
Parking
- Garage Description: Driveway, Garage - 2 Car
Location
- Area: Hancock Park-Wilshire
- County: Los Angeles
- Cross Streets: NORTH W PICO BLVD, WEST OF S WESTERN AVE, EAST OF
- Driving Directions: 2 BLOCKS NORTH PICO AND 3RD AVE
- Direction Faces: West
School Information
- School District: Los Angeles Unified
Heating & Cooling
- Cooling Type: Air Conditioning
- Heating Type: Forced Air, Wall Gas
Utilities
- Sewer: In Street Paid
- Water: District
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- # Buildings: 2
- Architectural Style: Craftsman
- Exterior Const.: Wood Siding
- Basement Desc.: Slab
- Foundation: Slab
- Roof: Shingle
- Common Walls: Attached
- Windows: Double-Pane Windows, Plantation Shutters, Screens, Mini Blinds
- Entry Location: Ground Level - no steps
- Stories/Levels: 0
- Square Feet: 4,665
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1909
- Year Built Source: Vendor Enhanced
- Property Condition: Repair Cosmetic, Updated/Remodeled
- Other Struct. Feat.: Two On A Lot, Sprinkler System
Unit Information
- Units in Complex: 4
- Unit Type: 2106, 2107, 2108, 2109
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Total Bathrooms: 2
- Bedrooms: 2
Unit 4
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: Accessory Bldgs
Lot Features
- Lot Size (Acres): 0.1791
- Lot Size: 7802
- Lot Size Source: Vendor Enhanced
- Irrigation System: Front
- Zoning: LARD1.5
- Lot Description: Front Yard, Lawn
Financial Considerations
- Price Per Sq. Ft.: $300.11
- Assessment Year: 1909
Disclosures and Reports
- Disclosures/Reports: Trust/Conservatorship, City Inspection Required
- APN: 5081-020-012
Listed by LPT Realty, Inc
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Schools
Schools serving 1220 3rd Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Carson-Gore Academy Of Enviornmental Studies 3200 West Washington Boulevard, Los Angeles, CA 90018 | 5-4 | 0.7 mi |
Pio Pico Middle School 1512 Arlington Avenue, Los Angeles, CA 90019 | 6-8 | 0.2 mi |
Los Angeles Senior High School 4650 West Olympic Boulevard, Los Angeles, CA 90019 | 9-12 | 0.9 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 1220 3rd Ave
Date
Details
Price
Change
Source
11/03/2025
Listed
$1,400,000
—
MLS
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
Tax History for 1220 3rd Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,530
5%
$71,962
4%
2023
$1,464
3%
$69,170
2%
2022
$1,422
3%
$67,815
2%
2021
$1,374
—
$66,486
1%
2020
$1,376
2%
$65,805
2%
2019
$1,346
12%
$64,516
2%
2018
$1,204
1%
$63,252
2%
2017
$1,193
8%
$62,012
2%
2016
$1,108
1%
$60,797
2%
2015
$1,097
-3%
$59,885
2%
2014
$1,130
-2%
$58,713
-1%
2013
$1,153
—
$59,082
—
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
Estimate the Cost for 1220 3rd Ave
1220 3rd Ave, Los Angeles, CA 90019 (MLS# 25631149) is a Multi-Family property with units containing 6 bedrooms and 0 full bathrooms. 1220 3rd Ave is currently listed for $1,400,000 and was received on November 03, 2025. Want to learn more about 1220 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.

