1714 3rd, Los Angeles, California 90019, Los Angeles, 90019 - 0 bed, 0 bath
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Los Angeles, California 90019
This Six-Unit Value-Add Asset is listed at $1,375,000, representing a stable valuation relative to its $1,336,197 Fair Market Value. The property is a High-Potential Investment Opportunity, boasting current rents approximately 37% below market and significant upside through the potential addition of four 400-square-foot ADUs. Maintaining a Condition Rating of 3, the 1907 construction features remodeled units and proximity to Queen Anne Place Elementary. Located in a prime Mid City corridor, this is a strategic acquisition for Buy-and-Hold Investors or Value-Add Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1714 3rd Subject | $1,375,000* List Price | 0 | 0 | 3,310 | $404 | - |
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 originally built in 1907, the property is well-maintained and features significant recent interior renovations in select units. These updates include modern kitchens with stainless steel appliances, quartz countertops, and flat-panel cabinetry, as well as updated bathrooms with contemporary subway tiling and mosaic floors. The presence of newer laminate flooring and fresh paint throughout the shown units makes them move-in ready, though the exterior pavement and garage structures show expected age-related wear.
With current rents approximately 37% below market rates, this asset presents a substantial value-add opportunity for investors to capture significant income growth through strategic management.
The property offers a unique expansion opportunity with the potential to add four 400-square-foot ADUs, allowing a buyer to significantly increase the unit count and overall yield.
Centrally located near Downtown LA, Culver City, and the Miracle Mile, the property is positioned in a high-demand rental market just a half-block from major new mixed-use developments.
The absence of on-site laundry facilities is a notable drawback for tenant convenience and represents a missed revenue stream compared to modernized competing buildings.
With only four garage spaces provided for a six-unit building, the property lacks a 1:1 parking ratio, which may limit its appeal to car-dependent tenants in Los Angeles.
1714 3rd Avenue is a six-unit apartment building in Los Angeles’ Mid City. The property is a well-maintained 1907 construction that boasts a blend of original charm and modern upgrades. All floor plans are one-bed/one-baths that are separately metered for gas and electricity, and select units feature original built-ins, hardwood floors, and decorative fireplaces while some units have been remodeled with newer flooring and modern kitchens and baths. The property also offers four garage spaces in the rear. With current rents approximately 37% below market, this asset presents a compelling value-add opportunity for investors seeking rental upside. Additionally, there may be potential to add four 400-square-foot one-bedroom ADUs (buyer to verify), further enhancing income potential. The absence of on-site laundry presents another opportunity to increase tenant appeal and revenue. 1714 3rd Avenue is in a true Mid City location central to Downtown Los Angeles, Culver City, the Miracle Mile, and all Los Angeles has to offer. The property is a half-block from the brand new “The Arlington” 84-unit mixed use project, less than a half-mile to the 10 Freeway, and conveniently near retail.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,310 | 5,202 | 33% |
| Lot Size | 5,962 | 7,089 | 33% |
| Price | $1.38M | $1.40M | 33% |
| Price per sq ft | $415 | $269 | 67% |
| Built year | 1907 | 1924 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 231 | 33% |
Mar 24, 2026
$1,375,000
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