4914 3rd Avenue, Los Angeles, California 90043, Los Angeles, 90043 - 2 bed, 1 bath
4914 3rd Avenue
Los Angeles, California 90043
Property Price
SUMMARY
Analysis of 4914 3rd Avenue, Los Angeles, California 90043 reveals a Fairly Priced Property with a current list price of $650,000 aligned with the estimated $650,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4914 3rd Avenue Subject | $650,000* List Price | 2 | 1 | 1,264 | $514 | - |
A 5319 6th Avenue Sold | $585,000 | 2 | 1 | 1,110 | $527 | 0.4 mi |
B 4933 7th Avenue Sold | $560,000 | 3 | 1 | 1,333 | $420 | 0.3 mi |
C 4627 7th Avenue Sold | $685,000 | 2 | 2 | 1,102 | $622 | 0.3 mi |
D 5017 5th Avenue Sold | $710,000 | 3 | 2 | 1,434 | $495 | 0.2 mi |
E 5100 8th Avenue Active | $600,000 List Price | 2 | 1 | 934 | $642 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1914, this property is explicitly marketed as a 'fixer-upper' and 'diamond in the rough' requiring significant renovation and 'tender loving care.' Sold in 'as-is' condition, the listing indicates the home needs to be 'brought back to life,' suggesting substantial deferred maintenance and outdated major systems (kitchen, bath, and electrical) consistent with the poor condition category.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Middle College High School (9/10).
- Significant Investment Potential
Priced at $650,000 following a $100,000 price improvement, this property sits well below the $1,000,000 market average for the area, offering substantial equity upside for investors or flippers.
- Development Opportunity
The generous 6,316-square-foot lot provides ample space for the addition of an Accessory Dwelling Unit (ADU), allowing for increased property value or future rental income streams.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
Marketed as a 'fixer-upper' and sold in as-is condition, the property requires significant capital investment and vision to address deferred maintenance and modernization.
- Low Local School Ratings
The majority of the assigned public schools in the immediate vicinity carry low performance ratings (1-3), which may be a deterrent for families prioritizing educational proximity.
About 4914 3rd Avenue
PRICE IMPROVEMENT! Over $100,000! Prime Fixer-Upper in Park Hills Heights, Los Angeles. Welcome to 4914 3rd Ave, a diamond in the rough nestled in the beautiful and central Park Hills Heights neighborhood of Los Angeles. This Single Story 2-bedroom, Office, Bonus Room, 1 bath home, spanning approximately 1,300 square feet, is brimming with potential and waiting for someone with vision to bring it back to life. This fixer-upper offers spacious bedrooms that provide ample space for relaxation and personalization, and 1 bathroom that deliver functionality and comfort for the entire household. Although the home requires some tender loving care, it presents an incredible opportunity for renovation and customization. Located in a prime area, this property offers unmatched convenience and accessibility to all local amenities and attractions. There is plenty of room to add an ADU. Imagine transforming this centrally located gem into your dream home, perfectly suited to your style and needs. With homes in the area selling for $1,000,000, this property is priced to sell quickly. Don’t miss out on this amazing opportunity to invest in a home with incredible potential! Home to be sold as is.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1914
- Lot Size
- 6,316 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Angeles Mesa Elementary School
Grades K-5 • 0.3 mi
Forty-Second Street Elementary School
Grades K-5 • 0.6 mi
Fifty-Ninth Street Elementary School
Grades K-5 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 25% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 1,264 | 1,446 | 31% |
| Lot Size | 6,316 | 6,172.5 | 55% |
| Price | $650.0K | $850.0K | 17% |
| Price per sq ft | $514 | $622 | 23% |
| Built year | 1914 | 1926 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 314 | 177 | 96% |
Pricing History
Listed for Sale
Mar 3, 2026
$650,000
Initial Listing
Price Change
Apr 26, 2025
$750,000
Initial Listing