1042 3rd Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 3 bed, 2 bath
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Los Angeles, California 90019
This Modernized Historic Residence represents a Strong Value Opportunity, listed at $990,000—positioned well below the $1,105,596 Fair Market Value by 10%. This valuation gap provides $115,596 in Instant Equity. Featuring a Mint Condition Rating, the home offers a renovated interior, a private patio, and significant ADU potential via the detached garage. While local school ratings are modest, the property’s prime location and historic charm offer long-term stability. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey urban asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1042 3rd Avenue Subject | $990,000* List Price | 3 | 2 | 1,730 | $639 | - |
A 1406 3rd Avenue Sold | $895,000 | 3 | 2 | 1,346 | $665 | 0.4 mi |
B 1437 12th Avenue Active | $1,249,000 List Price | 3 | 1 | 1,934 | $646 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1919, the property has undergone a comprehensive modern renovation within the last 5 years. The interior features updated flooring, recessed lighting, vaulted ceilings, and renovated bathrooms. Systems appear modernized with visible HVAC vents and an exterior EV charging station, meeting the criteria for mint condition with no immediate maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7468, living area = 1730.
Positioned in the prestigious Hancock Park-Wilshire area for under $1M, this property offers a rare entry point into a highly coveted historic neighborhood with strong long-term appreciation potential.
The detached garage and large 7,468 sqft lot provide an excellent opportunity for an ADU conversion or studio, while the massive attic offers additional storage or expansion possibilities.
The property is served by several schools with low ratings (2-3 range), which may be a significant deterrent for families prioritizing public education quality.
The listing explicitly notes a lack of views, which may limit the property's competitive edge compared to other Los Angeles homes that offer city or hillside vistas.
Modern Sophistication Meets Historic Charm Under $1M! Perfectly situated in the highly desirable Hancock Park-Wilshire Country Club Park area, this beautifully updated, single-story modern home offers a rare blend of style, security, and endless potential within a coveted historic zone. Step inside to an airy, high-ceiling open floor plan flooded with natural light from striking skylights in the kitchen and renovated bathrooms. Beyond the pristine, single-level interiors, you'll find a massive attic for storage, a private backyard featuring a mature avocado tree, and a grandfathered front gate for ultimate peace of mind. Complete with a detached garage brimming with ADU or studio potential, this neighborhood gem delivers the ultimate urban lifestyle.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,730 | 1,784.5 | 45% |
| Lot Size | 7,468 | 6,207.5 | 84% |
| Price | $990.0K | $1.31M | 20% |
| Price per sq ft | $572 | $766 | 13% |
| Built year | 1919 | 1928 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 150 | 3% |
May 26, 2026
$990,000
Initial Listing
May 14, 2014
$728,500
Public Record
Dec 8, 2010
$430,000
Public Record
Aug 25, 2006
$790,000
Public Record