We are proud to present The Victorian on 3rd, an amazing multifamily opportunity located at 1901 & 1913 West 3rd Street in The City of Los Angeles, California. This unique apartment complex is comprised of *41 highly improved apartment units in two separate and distinct two-story buildings, and the addition of (1) One-Bedroom + One-Bath detached home. The buildings are constructed of wood frame with a flat/pitched roof and stucco exterior as well as wood siding. Development for each of the buildings was completed in 1942 & 1923 respectively and encompassing a total of **±21,692 building square feet situated on two separate parcels totaling ±20,283 square feet offering a zoning of LAC2 which could be beneficial for future development. *(34) Singles + One Bath Units *(6) One-Bedroom + One-Bath Units *(1) One-Bedroom + One-Bath Detached Unit * Total unit count differs from title and was provided by Seller and is believed to be the correct legal unit count. Buyer to verify. ** Total building square footage differs from title and was provided by Seller and said to be a correct accounting of all improvement square footage including basement. Buyer to verify. *** Currently there are ±21 parking spaces with the potential to add an additional ±3 spaces. Buyer to verify. **** Year 1 rents are reflective of the February 1st, 2024 maximum allowable rent increase of 4% permitted by The City of Los Angeles. This could be subject to change. Buyer to verify. ***** The current income advertised in all materials is reflective of year 1 rents and income. Buyer to verify. PROPERTY HIGHLIGHTS + Highly improved units, offering open floor plans with contemporary finishes + Controlled intercom access, secured by CCTV monitoring system throughout + Units include an appliance package of gas range, fridge dishwasher and microwave + Upgraded and individually metered for gas and electricity + Property provides (2) separate and fully equipped laundry facilities + ***(24) Gated on-site parking spaces with ingress and egress on 3rd St. + Upgraded fire suppression system including hard wired smoke detectors + Pride of ownership with tremendous rental upside potential