3109 George Street, Los Angeles, CA 90031
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
3109 George Street,Los Angeles, CA 90031
$480,000
- 4 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: sevak keshishian, shara parseghian
Office: marcus & millichap818-212-2700
MLS#:26863525
Source:CRMLS
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Price summary
- Price:$480,000
About this home
Marcus & Millichap presents 3109 George Street, a four-unit multifamily investment opportunity located in Lincoln Heights, one of Los Angeles' most historic and rapidly evolving neighborhoods. The offering consists of two separate parcels totaling approximately 9,000 square feet of land. The four-unit building is situated on the front parcel and features four (4) spacious one-bedroom units totaling 2,704 square feet. The separate rear parcel provides investors with an opportunity to explore additional development or other value-add possibilities. The property represents an exceptionally attractive basis of $125,000 per unit and $185 per square foot of building area. With approximately 74% upside in rental income, investors have a compelling opportunity to substantially increase cash flow as units turn over.3109 George Street is conveniently located near the USC Health Sciences Campus, Lincoln Park and the Metro A Line, providing convenient access to Downtown Los Angeles and several major employment and transportation corridors. The property is also situated near A34, a five-acre, transit-oriented development featuring 468 residential units and approximately 16,000 square feet of retail space near the Heritage Square Metro station.With its two-parcel configuration, significant rental upside, attractive price per unit and potential for future development, 3109 George Street presents a rare opportunity to acquire a multifamily asset at an exceptionally low basis in a neighborhood poised for continued growth....
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Home facts
- Year built:1923
- Listing ID #:26863525
- Added:62 day(s) ago
- Updated:September 25, 2026 at 07:10 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Kitchen Description:Refrigerator
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1923
- Levels:2 Story
Finances and disclosures
- Price:$480,000
Parking
- Total parking spaces:5
- Parking description:Private, Uncovered
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