1224 3rd Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 5 bed, 6 bath
1224 3rd Avenue
Los Angeles, California 90019
Property Price
SUMMARY
Analysis of 1224 3rd Avenue, Los Angeles, California 90019 reveals a Fairly Priced Property with a current list price of $2,299,000 aligned with the estimated $2,295,782 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1224 3rd Avenue Subject | $2,299,000* List Price | 5 | 6 | 3,022 | $760 | - |
A 1663 Virginia Road Sold | $2,095,000 | 5 | 4 | 3,302 | $634 | 0.9 mi |
B 907 Westchester Place Sold | $1,850,000 | 4 | 4 | 3,456 | $535 | 0.5 mi |
C 1027 S Lucerne Boulevard Sold | $1,870,000 | 4 | 5 | 2,508 | $746 | 0.7 mi |
D 1160 Lucerne Boulevard Sold | $2,100,000 | 4 | 4 | 2,403 | $874 | 0.6 mi |
E 1110 Queen Anne Active | $1,789,000 List Price | 3 | 4 | 2,450 | $730 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1909, the property has undergone an extensive and high-quality recent renovation, as evidenced by the modern, new-looking hardwood floors, fresh paint, and updated lighting throughout. The kitchen features new, contemporary cabinetry, countertops, and a modern sink/faucet, though major appliances are still needed. All bathrooms are virtually new with stylish vanities, modern fixtures, and fresh tiling, including a luxurious freestanding tub in the master. While the description notes the renovation is 'still underway,' the visible completed work meets current quality standards with no apparent deferred maintenance, placing it firmly in the excellent category for its condition.
PROSSTRENGTHS & OPPORTUNITIES
- Historic Charm & Architecture
This Craftsman-style residence, built in 1909, is situated in a historic Los Angeles neighborhood known for its timeless architecture and classic tree-lined streets, offering significant character and appeal.
- Prime Central Los Angeles Location
Located in the heart of an established, desirable area often associated with Country Club Park and nearby Hancock Park, providing excellent access and prestige.
- Recent Renovation
The property has been recently renovated, suggesting modern updates and improved living conditions while preserving its historic essence.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 6.
- Ambiguous Renovation Status
The description states 'renovation process is still underway' while also claiming 'recently renovated,' which creates ambiguity regarding the completeness and potential for additional work required by a new owner.
- Potential for Age-Related Maintenance
Despite recent renovations, a home built in 1909 may still present inherent challenges or require ongoing maintenance for older infrastructure not explicitly detailed as updated.
About 1224 3rd Avenue
Historic, Central Los Angeles Location, 1224 3rd Ave, Los Angeles, CA 90019 is a Craftsman-style single-family residence. This two-story property has 5 beds, 4 full baths, and two half baths. The renovation process is still underway. I love the master suite on the second floor. Must see! Gated driveway with parking in the rear. The home sits in the heart of one of Los Angeles’s established, historic neighborhoods — often associated with Country Club Park and nearby Hancock Park — known for its timeless architecture and classic tree-lined streets. The home is approximately 3022 square feet on a lot that is approximately 7830 square feet, built in 1909. Recently renovated!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1909
- Lot Size
- 7,803 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Arlington Heights Elementary School
Grades K-5 • 0.6 mi
Carson-Gore Academy Of Enviornmental Studies
Grades K-5 • 0.6 mi
Wilton Place Elementary School
Grades K-5 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 6.0 | 2.0 | 97% |
| Square foot | 3,022 | 1,796 | 89% |
| Lot Size | 7,803 | 6,102 | 87% |
| Price | $2.30M | $1.36M | 95% |
| Price per sq ft | $761 | $762 | 49% |
| Built year | 1909 | 1925 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 172 | 3% |
Pricing History
Listed for Sale
Jan 20, 2026
$2,299,000
Initial Listing
Sold
Sep 23, 2022
$1,449,000
Public Record
Sold
Sep 22, 2022
$1,425,000
Public Record
Sold
Feb 16, 2006
$960,000
Public Record