5306 3rd, Los Angeles, California 90043, Los Angeles, 90043 - 3 bed, 1 bath
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Los Angeles, California 90043
This property presents a Strong Value Opportunity with a List Price of $674,950—positioned well below the $616,573 Fair Market Value by -9%. Featuring a Condition Rating of 5, this 1922 residence requires significant rehabilitation, offering a flexible floor plan and an unrecorded second bathroom to maximize square footage. Located in a rapidly appreciating South LA pocket near the Metro K Line and SoFi Stadium, this asset is ideal for Fix-and-Flip Investors or first-time buyers ready to build sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5306 3rd Subject | $612,000* List Price | 3 | 1 | 1,200 | $498 | - |
A 6316 8th Avenue Sold | $610,000 | 3 | 2 | 1,402 | $435 | 0.9 mi |
B 5319 6th Avenue Sold | $585,000 | 2 | 1 | 1,110 | $527 | 0.2 mi |
C 5311 6th Avenue Pending | $698,000 List Price | 3 | 2 | 1,305 | $535 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1922 and sold strictly AS-IS, this property is explicitly marketed as a fixer-upper ('diamond in the rough') requiring a contractor and rehab. The description notes discrepancies in bathroom counts and a need for 'sweat equity,' indicating dated systems and a lack of recent renovations.
High School: Middle College High School (9/10).
Situated in a fast-appreciating South LA pocket, the property is minutes from the Metro K Line, SoFi Stadium, and Inglewood’s ongoing renaissance, offering excellent long-term appreciation potential.
Marketed as a 'diamond in the rough' with a flexible floor plan and an unrecorded second bathroom, this home provides a prime opportunity for investors or owners to build substantial sweat equity through renovation.
The property is sold strictly as-is and requires significant rehabilitation, which will necessitate a buyer with immediate access to renovation capital and a contractor.
The surrounding public schools are currently rated low on performance scales, which may limit the property's appeal to families prioritizing immediate access to high-ranking educational institutions.
This character rich home offers a flexible floor plan, classic period details, and tremendous upside in one of South LA's fast appreciating pockets, minutes from the Metro K Line, SoFi Stadium, and Inglewood's ongoing renaissance. While public records reflect 1 bathroom, the home actually features 2. Buyer to conduct their own inspections and investigations regarding permits, square footage, and bedroom/bathroom count. Sold strictly AS-IS, this is the perfect canvas for a first-time buyer ready to build sweat equity, a homeowner with vision, or an investor seeking real equity upside. Bring your contractor and your imagination. Diamonds in the rough don't last long in this market.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 23% |
| Square foot | 1,200 | 1,588 | 22% |
| Lot Size | 4,921 | 6,091.5 | 26% |
| Price | $612.0K | $870.0K | 12% |
| Price per sq ft | $510 | $599 | 26% |
| Built year | 1922 | 1927 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 144 | 2% |
Jun 5, 2026
$612,000
$642,000
-5% Price Drop
Initial Listing
May 28, 2026
$642,000
$674,950
-5% Price Drop
Initial Listing
May 14, 2026
$674,950
Initial Listing
Dec 27, 2012
$292,500
Public Record
Oct 18, 2012
$160,000
Public Record
Oct 25, 2004
$335,454
Public Record
Jul 21, 2003
$495,000
Public Record
Apr 1, 2003
$160,000
Public Record