4346 3rd, Los Angeles, California 90008, Los Angeles, 90008 - 3 bed, 1 bath
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Los Angeles, California 90008
This property presents a High-Potential Investment Opportunity with a List Price of $550,000—positioned well below the $557,427 Fair Market Value by 1%. This valuation gap offers $7,427 in Instant Equity for buyers prepared to address the Condition Rating of 5. While the home requires significant renovation, its 1924 vintage architecture provides a solid foundation for value-add strategies. Located within 0.2 miles of Forty-Second Street Elementary, this is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project in Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4346 3rd Subject | $550,000* List Price | 3 | 1 | 1,255 | $444 | - |
A 3895 3rd Avenue Sold | $710,000 | 3 | 2 | 1,554 | $457 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1924 (100 years old) and the listing explicitly states it 'needs TLC' and is being sold in 'as-is condition.' Given the age, the short sale status, and the lack of mentioned upgrades, the kitchen, bathroom, and major systems likely require a full rehab to meet modern safety and functional standards.
Priced at $550,000 in the 90008 zip code, this property represents a significant value-add opportunity for investors looking to capitalize on a price point well below the area median.
Dating back to 1924, this home offers the character and 'good bones' typical of vintage Los Angeles residences, providing a strong foundation for a high-end restoration.
The property is exceptionally well-located for families, situated less than 0.2 miles from Forty-Second Street Elementary and within a short distance of several other educational facilities.
The sale is subject to lender approval, which typically involves a more complex negotiation process and a significantly longer closing timeline than a standard transaction.
Explicitly listed as needing 'TLC' and sold in 'as-is' condition, the property will require substantial immediate capital investment for repairs and modernization.
: SHORT SALE - Subject to lenders approval. Listing Broker, Sellers and Agent do not guarantee the accuracy of square footage, bed/bath count, lot size, permit info, parking, descriptions herein, or other info as to conditions-features of property provided by the seller or obtained from public records-other sources. Information is deemed reliable but not guaranteed. Buyer is advised to independently verify the accuracy of all info through personal inspection and with appropriate professionals. Buyers to verify ALL aspects of property. Property to be sold "as is condition." Property needs TLC.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,255 | 1,672 |
| Lot Size | 5,441 | 6,067 |
| Price | $550.0K | $1.37M |
| Price per sq ft | $438 | $801 |
| Built year | 1924 | 1939 |
| HOA | $0 | $348 |
| Days on market | 2 | 56 |
Jul 21, 2026
$550,000
Initial Listing
Jan 30, 2025
$790,000
Public Record
Mar 14, 2024
$599,000
Public Record
Mar 13, 2024
$570,000
Public Record