
Los Angeles, California 90018
This property presents a High-Potential Investment Opportunity with a List Price of $1,700,000—positioned above the $1,571,742 Fair Market Value. While requiring a Condition Rating of 5, this LARD2 zoned duplex offers significant value-add potential through a full interior gut and expansion of the space above the garage. With a Walk Score of 96 and proximity to USC and DTLA, the asset is primed for repositioning. This project is ideal for Buy-and-Hold Investors or Contractors capable of executing a comprehensive renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2510 3rd Avenue Subject | $1,700,000* List Price | 0 | 0 | 3,129 | $502 | - |
A 2011 Arlington Active | $1,329,000 List Price | 0 | 0 | 3,268 | $407 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1921 and explicitly marketed as a 'full rehab opportunity,' this property requires a complete interior gut and systems upgrade. The interior photos show significant wear, including heavily stained carpeting and outdated bathrooms, confirming it is not in move-in condition and needs major rehabilitation.
Situated in the high-growth West Adams neighborhood with an exceptional Walk Score of 96, the property offers excellent proximity to USC, DTLA, and major transit hubs.
The generous 7,500 sq ft LARD2 lot and unfinished space above the garage provide a rare opportunity to expand the footprint or add an ADU to maximize rental yield.
At over 3,100 sq ft, this duplex offers significant volume and preserved 1920s architectural details that provide a unique competitive edge in the local rental market once restored.
The property is a 'ground-up' rehab project requiring a full interior gut and systems upgrade, which demands significant liquidity and construction expertise.
With over 340 days on the market, the current list price may be misaligned with the substantial renovation costs required to achieve a profitable exit or stabilized return.
Historic 1921 Duplex – Full Rehab Opportunity in West Adams Welcome to 2510 3rd Ave, a rare ground-up rehab opportunity in the heart of West Adams. This 1921 duplex sits on a generous 7,500 sq ft LARD2 lot and spans over 3,100 sq ft, giving an investor or contractor serious square footage to work with. This is a property for someone who wants to roll up their sleeves and unlock real value, not a turnkey listing. The property offers two units totaling 5 beds and 4 baths, plus an unfinished space above the garage. One unit still carries genuine 1920s character worth preserving: a step-down hallway with a built-in wood banister and cabinetry, arched doorways, and a bathroom with subway tile tub surround and antique medicine cabinet mirror. The bones are here. What it needs now is a full renovation to bring it back and maximize both rental income and resale value. This is a project for a buyer who understands scope, whether that's a full interior gut, systems upgrade, or a complete repositioning of the property to modern rental standards. The scale of the lot and structure gives real flexibility for reconfiguring the layout, finishing out the space above the garage, or converting to a larger income-producing asset. Located on a tree-lined street minutes from USC, DTLA, Culver City, and the Expo Line, in a highly walkable neighborhood (Walk Score: 96) with continued growth and appreciation, this is a rehab play with strong upside for a savvy investor, 1031 exchange buyer, or contractor looking for their next project.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,129 | 2,250 |
| Lot Size | 7,502 | 5,864 |
| Price | $1.70M | $826.7K |
| Price per sq ft | $543 | $395 |
| Built year | 1921 | 1925 |
| HOA | $0 | $0 |
| Days on market | 353 | 83 |
Aug 4, 2025
$1,700,000
Initial Listing