4000 3rd Avenue, Los Angeles, California 90008, Los Angeles, 90008 - 3 bed, 2 bath
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This 1922 duplex represents a High-Potential Investment Opportunity, listed at $999,999—positioned well above the $790,547 Fair Market Value by -26%. While the property requires a full rehab due to its Condition Rating of 5, it offers significant value-add potential through modernizing core systems. Located in a central Los Angeles neighborhood with high rental demand, this asset is suited for Buy-and-Hold Investors or Contractors capable of executing a comprehensive renovation to capture long-term appreciation in a rapidly evolving market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4000 3rd Avenue Subject 3 bd · 2 ba · 1,557 sqft · $508 | $999,999* List Price | 3 | 2 | 1,557 | $508 | - |
A 3875 Arlington Sold 0 bd · 0 ba · 1,828 sqft · $465 · 0.3 mi | $850,000 | 0 | 0 | 1,828 | $465 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1922, this century-old duplex significantly exceeds the 30-50 year threshold for major systems. Without documented recent renovations to the kitchen, bathrooms, or core systems (HVAC/Electric), the property is classified as needing a full rehab to meet modern safety and functional standards.
As a duplex in a high-demand Los Angeles rental market, this property offers excellent versatility for investors or owner-occupiers looking to offset their mortgage with rental income.
Built in 1922, this residence possesses the vintage character and architectural integrity typical of the Leimert Park area, providing a unique aesthetic that modern builds often lack.
Located in the 90008 zip code, the property is positioned in a rapidly appreciating neighborhood with convenient access to the Expo Line, DTLA, and local cultural hubs.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =232697520, other record lot size in square feet = 5342.
The majority of the local public schools carry low ratings (2/10), which may deter families and potentially impact long-term resale value compared to higher-rated districts.
With a construction date of 1922, the property likely requires significant maintenance or upgrades to aging systems such as plumbing, electrical, and foundation to meet modern standards.
Exceptional opportunity in Los Angeles. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.5 |
| Baths | 2.0 | 2.9 |
| Square foot | 1,557 | 2,090.331 |
| Lot Size | 232,697,520 | 5,852.908 |
| Price | $1000.0K | $830.9K |
| Price per sq ft | $642 | $394 |
| Built year | 1922 | 1928 |
| HOA | $0 | $0 |
| Days on market | 4 | 87 |
Nov 5, 2026
$999,999
Initial Listing