1220 3rd Ave Los Angeles, CA 90019
Arlington Heights NeighborhoodEstimated payment $7,594/month
Highlights
- Craftsman Architecture
- Granite Countertops
- Home Office
- Living Room with Fireplace
- Lawn
- Plantation Shutters
About This Home
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!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1909 | Remodeled
Lot Details
- 7,802 Sq Ft Lot
- West Facing Home
- Front Yard Sprinklers
- Lawn
Home Design
- Quadruplex
- Craftsman Architecture
- Cosmetic Repairs Needed
- Slab Foundation
- Shingle Roof
- Wood Siding
Interior Spaces
- 4,665 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Double Pane Windows
- Plantation Shutters
- Blinds
- Window Screens
- Living Room with Fireplace
- Dining Area
- Home Office
Kitchen
- Gas Oven
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Carpet
- Laminate
- Travertine
Bedrooms and Bathrooms
- 6 Bedrooms
- Walk-In Closet
- 6 Bathrooms
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Home Security
- Alarm System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Fire Sprinkler System
Parking
- 2 Car Garage
- Driveway
Utilities
- Air Conditioning
- Forced Air Heating System
- Heating System Mounted To A Wall or Window
- Property is located within a water district
- Gas Water Heater
- Sewer in Street
Listing and Financial Details
- Assessor Parcel Number 5081-020-012
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- Rent Control
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,530 | $71,962 | $50,716 | $21,246 |
| 2024 | $1,477 | $70,552 | $49,722 | $20,830 |
| 2023 | $1,464 | $69,170 | $48,748 | $20,422 |
| 2022 | $1,422 | $67,815 | $47,793 | $20,022 |
| 2021 | $1,374 | $66,486 | $46,856 | $19,630 |
| 2020 | $1,376 | $65,805 | $46,376 | $19,429 |
| 2019 | $1,346 | $64,516 | $45,467 | $19,049 |
| 2018 | $1,204 | $63,252 | $44,576 | $18,676 |
| 2016 | $1,108 | $60,797 | $42,846 | $17,951 |
| 2015 | $1,097 | $59,885 | $42,203 | $17,682 |
| 2014 | $1,130 | $58,713 | $41,377 | $17,336 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/06/2026 03/06/26 | For Sale | $1,400,000 | 0.0% | $300 / Sq Ft |
| 02/04/2026 02/04/26 | Off Market | $1,400,000 | -- | -- |
| 11/03/2025 11/03/25 | For Sale | $1,400,000 | -- | $300 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document |
Source: The MLS
MLS Number: 25631149
APN: 5081-020-012
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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