5700 3rd, Los Angeles, California 90043, Los Angeles, 90043 - 0 bed, 0 bath
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Los Angeles, California 90043
This High-Potential Investment Opportunity is a 1923 duplex listed at $728,000, positioned well below the $684,485 Fair Market Value by 6%. Featuring in-unit laundry and detached two-car garages, the property provides immediate cash flow from two occupied units. With a Condition Rating of 4, the asset requires capital improvements to modernize aging infrastructure and reach market-rate potential. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to capitalize on the property's proximity to the SOFI Stadium and major transit corridors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5700 3rd Subject | $728,000* List Price | 0 | 0 | 1,600 | $428 | - |
A 5714 10th Sold | $750,000 | 3 | 2 | 1,784 | $420 | 0.4 mi |
B 3322 W 63rd Street Sold | $690,000 | 0 | 0 | 1,921 | $359 | 0.8 mi |
C 4508 7th Avenue Sold | $815,000 | 0 | 0 | 1,948 | $418 | 0.8 mi |
D 5330 3rd Avenue Active Under Contract | $670,000 List Price | 0 | 0 | 1,540 | $435 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1923, this century-old duplex is functional and currently occupied, but shows clear signs of age. While the interior features some updates like laminate flooring, the overall aesthetic, window treatments, and exterior siding are dated (likely >20 years since major renovation). No mention of updated HVAC or electrical systems suggests they are older, and the property will require cosmetic and system updates to achieve market-rate potential.
High School: Middle College High School (9/10).
This side-by-side duplex offers immediate cash flow with both units currently occupied, generating a combined monthly rental income of $3,836.
The property is ideally located near major Los Angeles landmarks including SOFI Stadium and The Forum, making it highly attractive for long-term tenants and sports enthusiasts.
Built in 1923, the property likely requires ongoing maintenance or significant capital improvements to modernize aging systems and structural components.
The majority of assigned public schools carry low ratings (1-3 out of 10), which may limit the property's appeal to families and affect long-term appreciation potential.
Excellent Investment Opportunity to own a Multi-Family Residential property in the City of Los Angeles. Very nice side-by-side duplex. Each 2bed & 1Bath unit includes living room, kitchen and detached two-car garage. Both Units have Laundry Area in each unit. First unit is a 2 bedroom and 1 bath currently rented for $2294. Second unit is Rented for $1542. Centrally located near freeways, shopping, entertainment including SOFI Rams Stadium, the Forum etc. It is also close to business areas and walking distance to Van Ness Recreation Center.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,600 | 2,250 |
| Lot Size | 3,799 | 5,864 |
| Price | $728.0K | $826.7K |
| Price per sq ft | $455 | $395 |
| Built year | 1923 | 1925 |
| HOA | $0 | $0 |
| Days on market | 42 | 83 |
Jun 10, 2026
$728,000
Initial Listing
Jul 1, 2010
$305,000
Public Record
Feb 9, 2010
$180,000
Public Record
May 9, 2005
$422,000
Public Record
Sep 28, 2004
$180,000
Public Record