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5330 3rd Avenue, Los Angeles, California 90043, Los Angeles, 90043 - bed, bath

5330 3rd Avenue, Los Angeles, California 90043 home-pic-0
ACTIVE UNDER CONTRACT$695,000
5330 3rd Avenue, Los Angeles, California 90043
0Bed
0Bath
1,540Sqft
4,923Lot
Year Built
1915
Close
-
List price
$695K
Original List price
$715K
Price/Sqft
$451
HOA
-
Days on market
-
Sold On
-
MLS number
SB25123893
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $695.0K(38th), sqft - 1540(38th), beds - undefined(50th), baths - undefined(50th).

Discover an exceptional investment opportunity in the heart of the vibrant Crenshaw District! This well-maintained and beautifully manicured bungalow duplex offers both comfort and convenience in a quiet, residential neighborhood. Each unit is fully occupied, providing immediate income potential for savvy investors or those seeking to expand their portfolio. Enjoy unparalleled accessibility with the nearby Crenshaw-LAX Metro Rail K Line, making commuting and exploring Los Angeles a breeze. Residents will love being just minutes from the historic Leimert Park Cultural Center, a hub for art, music, and community events, as well as the exciting new Destination Crenshaw, celebrating the rich cultural heritage of the area. The property’s charming curb appeal, mature landscaping, and pride of ownership are evident throughout. Whether you’re looking for a turnkey investment or a future owner-occupant opportunity, this duplex is a rare find in a sought-after location. Don’t miss your chance to own a piece of one of LA’s most dynamic neighborhoods, with easy access to schools, parks, transportation, culture, and community amenities. Schedule your private showing today and experience all that this Crenshaw District gem has to offer!

Nearby schools

3/10
Angeles Mesa Elementary School
Public,•K-5•0.1mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.5mi
2/10
Forty-Second Street Elementary School
Public,•K-5•0.9mi
2/10
Yes Academy
Public,•K-5•1.0mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.3mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.5mi
1/10
Lane (Warren) Elementary School
Public,•K-6•1.9mi
4/10
Centinela Elementary School
Public,•K-6•1.9mi
3/10
Windsor Hills Math Science
Public,•K-5•2.0mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•0.8mi
2/10
Audubon Middle School
Public,•6-8•1.2mi
1/10
Horace Mann Junior High School
Public,•6-8•1.3mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•3.2mi
2/10
Crozier (George W.) Middle School
Public,•7-8•3.4mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•3.8mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•0.6mi
2/10
Inglewood High School
Public,•9-12•3.0mi
2/10
George Washington Preparatory High School
Public,•9-12•4.0mi
9/10
Middle College High School
Public,•9-12•6.2mi

Price History

Date
Event
Price
10/01/25
Price Change
$695,000-1.4%
08/30/25
Price Change
$705,000
06/23/25
Listing
$715,000
10/07/09
Sold
$200,000
02/17/06
Sold
$510,000
Condition Rating
Poor
The property was built in 1915, making it over 100 years old. While the exterior appears well-maintained and freshly painted, the visible exterior utility unit (likely a water heater or furnace) in Image 3 looks very old and suggests major systems are significantly outdated and likely nearing the end of their lifespan. The MLS analysis also notes 'Historic Property Age' and 'need for updates to older systems.' Without interior photos, particularly of the kitchen and bathrooms, it's highly probable that these key areas, along with plumbing and electrical, are also very old and would require substantial repairs and rehabilitation to meet modern standards and functionality. The property is currently livable and occupied, preventing a 'tear-down' score, but the age of major components indicates a 'poor' condition requiring significant investment.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Immediate Income Potential: As a fully occupied duplex, the property offers immediate income generation, making it a turnkey investment for savvy investors.
Strategic Location & Accessibility: Located in the vibrant Crenshaw District, the property boasts unparalleled accessibility with the nearby Crenshaw-LAX Metro Rail K Line.
Cultural & Community Hub: Minutes from the historic Leimert Park Cultural Center and the new Destination Crenshaw, offering rich cultural amenities and community engagement.
Well-Maintained & Curb Appeal: The bungalow duplex exhibits charming curb appeal, mature landscaping, and evident pride of ownership, suggesting good maintenance.
Strong Investment Profile: Described as an 'exceptional investment opportunity' and a 'rare find' in a dynamic, sought-after Los Angeles neighborhood.

Cons

Historic Property Age: Built in 1915, the property's age may imply potential for higher maintenance costs and the need for updates to older systems.
Recent Price Reductions: Multiple price drops from the original list price could indicate overpricing or challenges in attracting buyers at previous price points.
Lower-Rated Schools: Several nearby public schools have low ratings, which might be a deterrent for families prioritizing school quality for owner-occupancy.

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