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1701 E 3rd, Los Angeles, California 90033, Los Angeles, 90033 - 2 bed, 2 bath

1701 E 3rd, Los Angeles, California 90033 home-pic-0
ACTIVE$650,000
1701 E 3rd, Los Angeles, California 90033
2Beds
2Baths
1,386Sqft
2,961Lot
Year Built
1924
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$469
HOA
-
Days on market
-
Sold On
-
MLS number
SW25241004
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $650.0K(38th), sqft - 1386(19th), beds - 2(88th), baths - 2(88th).

Fantastic income property in the heart of Los Angeles. 1701 E 3rd Street is a well-maintained duplex featuring two 1-bedroom, 1-bath units, each offering comfortable and functional living spaces. Both units have been freshly painted and include tile and vinyl plank flooring, ceiling fans, and plenty of natural light throughout. Located next to Pecan Park, this property offers a convenient location with quick access to major freeways, shopping, dining, and public transportation. Perfect opportunity for investors or owner-occupants—live in one unit and rent out the other for additional income. Each unit has its own entrance and private layout, with low-maintenance finishes ideal for long-term rental income. The property provides excellent potential for steady cash flow and appreciation in a rapidly growing area of Los Angeles. Don’t miss this great opportunity to own an income-producing duplex with charm, convenience, and upside potential.

Price History

Date
Event
Price
10/17/25
Listing
$650,000
Condition Rating
Fair
The property was built in 1924, making it 100 years old. While the description notes 'freshly painted' and 'tile and vinyl plank flooring,' and images show a mini-split AC unit and a newer, basic bathroom vanity, these updates appear to be functional and cosmetic rather than extensive renovations. The overall style of the bathroom is basic and dated, and there are no clear images of the kitchen to assess its condition or modernity. The property is maintained and move-in ready for tenants, but the underlying structure is very old, and the updates do not elevate it to a 'Good' condition, as they are not comprehensive enough to mask the age or provide a fully modern aesthetic. It fits the 'Fair' criteria of being aged but maintained through regular upkeep and occasional updates, with major components functional but showing signs of being outdated.
Pros & Cons

Pros

Income-Generating Duplex: The property is a well-maintained duplex featuring two 1-bedroom, 1-bath units, offering immediate income potential for investors or owner-occupants.
Prime Urban Location: Situated in the heart of Los Angeles, next to Pecan Park, with convenient access to major freeways, shopping, dining, and public transportation, enhancing rental demand and appreciation.
Well-Maintained Interiors: Both units have been freshly painted and feature tile and vinyl plank flooring, ceiling fans, and ample natural light, suggesting low immediate renovation costs.
Strong Investment Potential: The property offers excellent potential for steady cash flow and appreciation in a rapidly growing area of Los Angeles, appealing to long-term investors.
Versatile Occupancy: Ideal for both pure investors and owner-occupants looking to live in one unit and rent out the other, providing flexibility and mortgage offset opportunities.

Cons

Age of Property: Built in 1924, the property's age may imply potential for older infrastructure (plumbing, electrical, roof) that could require future capital expenditures despite current maintenance.
Limited Unit Configuration: Consisting of two 1-bedroom, 1-bath units, this configuration may limit the tenant pool compared to properties with larger units or more bedrooms.
Small Lot Size: The 2,961 sqft lot is relatively small for a duplex, potentially limiting outdoor space, parking expansion, or future development opportunities.

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