1417 3rd Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 8 bed, 8 bath
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1417 3rd Avenue
Los Angeles, California 90019
ACTIVE
CONDITION: FAIR
8Beds
8Baths
4,151Sq Ft
7,002Lot Size
Property Price
LIST PRICE$1,478,000
EST. MARKET VALUE
$1,386,910
6% AboveMARKET VALUE
SUMMARY
This Quadruplex Asset represents a High-Potential Investment Opportunity, listed at $1,778,000—positioned above the $1,678,551 Fair Market Value. While the property requires capital improvements due to its Fair Condition Rating and 1907 construction, its 4,151 square feet and central location offer significant rental demand. The inclusion of a private patio and proximity to local transit hubs enhance its long-term viability. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage a multi-unit property in an established Los Angeles neighborhood.
Estimated Market Value
$1,386,910
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1417 3rd Avenue Subject 8 bd · 8 ba · 4,151 sqft · $334 | $1,478,000* List Price | 8 | 8 | 4,151 | $334 | - |
A 1528 2nd Avenue Active 0 bd · 0 ba · 4,588 sqft · $283 · 0.1 mi | $1,298,000 List Price | 0 | 0 | 4,588 | $283 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1907, this property is well over the 20-year threshold for dated status. While the exterior appears maintained, the lack of interior photos or mention of recent renovations suggests original or aged kitchens, baths, and systems. Visible cracking in the rear concrete and older exterior fixtures indicate a need for minor repairs and modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Investment Potential
As a quadruplex in a high-demand rental market, this property offers significant income-generating potential for investors or owner-occupants looking to offset their mortgage.
- Generous Square Footage
With 4,151 square feet of living space, the units likely offer spacious layouts that are highly competitive and desirable in the Los Angeles rental market.
- Prime Central Location
Situated in Mid-Los Angeles, the property provides excellent proximity to major employment centers, public transit, and diverse dining and shopping options.
CONSRISKS & DEFICIENCIES
- Historic Maintenance Requirements
Built in 1907, the property may require significant ongoing maintenance or capital improvements to modernize aging infrastructure and systems.
- Variable School Ratings
While some local schools are highly rated, several nearby elementary and high schools have lower performance scores, which could impact appeal for long-term family tenants.
About 1417 3rd Avenue
Conveniently located in the heart of Los Angeles, this property offers easy access to major freeways, shopping, dining, and everyday amenities. Enjoy a central location with convenient access to nearby employment centers, entertainment, and public transportation. A great opportunity for buyers or investors seeking a property in an established Los Angeles neighborhood.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1907
- Lot Size
- 7,002 Sq. Ft.
Interior
- Total Bedrooms
- 8
- Total Bathrooms
- 8 (8 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 • 0.4 mi
3/10
Carson-Gore Academy Of Enviornmental Studies
Grades K-5 • 0.4 mi
6/10
Queen Anne Place Elementary School
Grades K-5 • 0.7 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 4.5 |
| Baths | 8.0 | 2.9 |
| Square foot | 4,151 | 2,090.331 |
| Lot Size | 7,002 | 5,852.908 |
| Price | $1.48M | $830.9K |
| Price per sq ft | $356 | $394 |
| Built year | 1907 | 1928 |
| HOA | $0 | $0 |
| Days on market | 25 | 87 |
Pricing History
Listed for Sale
Oct 23, 2026
$1,478,000
$1,778,000
-17% Price Drop
Initial Listing
Price Change
Oct 15, 2026
$1,778,000
Initial Listing
Sold
Sep 15, 2021
$1,395,000
Public Record
Sold
Mar 14, 2017
$1,250,000
Public Record
Sold
Jun 18, 2013
$800,000
Public Record
Sold
Oct 19, 2005
$1,025,000
Public Record