1714 3rd Ave, Los Angeles, California 90019, Los Angeles, 90019 - 0 bed, 0 bath
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Los Angeles, California 90019
This 6-unit Mid-City High-Potential Investment Opportunity is listed at $1,250,000, positioned slightly above the $1,246,208 Fair Market Value. Featuring a Good Condition Rating with recent electrical and plumbing upgrades, the property offers immediate rental stability. The primary value-add lies in the LARD2-zoned lot and completed architectural plans for a four-unit ADU conversion, providing significant upside potential. This asset is perfectly suited for Buy-and-Hold Investors or Value-Add Developers looking to capitalize on high rental demand in a central Los Angeles location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1714 3rd Ave Subject | $1,250,000* List Price | 0 | 0 | 3,310 | $376 | - |
A 3425 W 15th Street Active | $1,399,000 List Price | 0 | 3 | 3,443 | $406 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although the structure dates to 1907, the property is well-maintained with 4 of the 6 units fully remodeled within the last 5 years. Significant system upgrades including a new electrical panel and water heaters support a 'Good' rating, though the remaining un-renovated units and 100+ year age prevent an 'Excellent' score.
The property includes completed architectural plans for a two-story, four-unit ADU conversion of the existing carport, providing a clear path to substantially increase rental income and overall asset value.
With four of the six units fully remodeled and recent upgrades to the electrical panel and water heaters, the property offers reduced immediate maintenance liability and improved tenant appeal.
Ideally situated with convenient access to major employment hubs like Culver City, DTLA, and Koreatown, the property benefits from high rental demand and a central, transit-friendly position.
As a century-old structure, the property may present hidden maintenance challenges or require future seismic retrofitting and plumbing updates typical of buildings from this era.
The majority of assigned public schools in the immediate vicinity have low ratings (ranging from 2 to 3), which may limit the property's appeal to a broader range of long-term tenants.
Prime Mid-City 6-unit investment opportunity with significant value-add potential. The property features an excellent unit mix of six 1-bedroom/1-bath units situated on an oversized 5,962 SF LARD2-zoned lot. Four of the six units have been fully remodeled within the past five years, while recent capital improvements include an upgraded electrical panel, all new electrical breakers, and brand-new water heaters, reducing future maintenance costs. Total Current Rental Income is $9,295/mo.** A major value-add component is the completed architectural plans for conversion of the existing carport into a two-story ADU development of approximately 1,600 Sq.Ft. The proposed project consists of four 1-bedroom ADU units of approximately 400 SF each, offering substantial upside in rental income and overall property value (buyer to verify). Ideally located in the heart of Mid-City, the property offers convenient access to Downtown Los Angeles, Culver City, Miracle Mile, Koreatown, and numerous employment centers. Strong rental demand, an excellent central location, and future ADU potential make this an outstanding opportunity for both long-term investors and value-add buyers seeking immediate upside.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 1.0 |
| Square foot | 3,310 | 2,864 |
| Lot Size | 5,962 | 7,003 |
| Price | $1.25M | $1.58M |
| Price per sq ft | $378 | $319 |
| Built year | 1907 | 1929 |
| HOA | $0 | $907 |
| Days on market | 2 | 91 |
Jul 22, 2026
$1,250,000
Initial Listing
May 20, 2021
$1,160,000
Public Record
May 23, 2017
$795,000
Public Record
Jan 30, 2013
$390,003
Public Record
Sep 27, 2007
$410,000
Public Record