5747 3rd Avenue, Los Angeles, California 90043, Los Angeles, 90043 - 4 bed, 1 bath
Loading property details...
Los Angeles, California 90043
This Substandard Residential Asset presents a High-Potential Investment Opportunity with a List Price of $499,900, which is positioned at its $499,900 Fair Market Value. The property offers a massive 2,093-square-foot footprint featuring an Unfinished ADU and a Garage Conversion Potential primed to maximize rental yield. While currently in Substandard Condition with active regulatory burdens, the asset is located near the 9/10 rated Middle College High School. This complex value-add project is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking high equity growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5747 3rd Avenue Subject | $499,900* List Price | 4 | 1 | 2,093 | $239 | - |
A 6648 8th Avenue Sold | $590,000 | 3 | 2 | 2,430 | $243 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1923, this property is explicitly listed in 'substandard condition' with active Los Angeles Department of Building and Safety issues. Images reveal an unfinished ADU with exposed studs and wiring, while the main living areas feature an outdated kitchen, aged bathroom fixtures, and significant deferred maintenance throughout.
High School: Middle College High School (9/10).
The property features a partially permitted ADU and a garage suitable for a second conversion, offering a rare opportunity to maximize rental yield through multiple units.
Listed at $499,900 for a 4-bedroom home in a sought-after Los Angeles neighborhood, the property is priced to attract investors looking for high equity growth.
The buyer must assume responsibility for resolving substandard conditions with the Los Angeles Department of Building and Safety, which may involve costly repairs and permitting.
Non-negotiable terms requiring the retention of current tenants limit the buyer's ability to perform immediate renovations or occupy the property.
This property presents an excellent investment opportunity in a sought-after Los Angeles neighborhood. It features 4 bedrooms, 1 bath, and a partially permitted but unfinished Accessory Dwelling Unit (ADU), plus a garage that could be converted into a second ADU for added income. **The buyer will be responsible for retaining the current tenants at the close of escrow and addressing the substandard condition ( believed to be due to the ADU not being completed ) with the Los Angeles Department of Building and Safety after closing.** These terms are non-negotiable, making this a prime choice for savvy investors seeking to maximize value.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 2,093 | 1,672 |
| Lot Size | 5,405 | 6,067 |
| Price | $499.9K | $1.37M |
| Price per sq ft | $239 | $801 |
| Built year | 1923 | 1939 |
| HOA | $0 | $348 |
| Days on market | 225 | 56 |
Dec 10, 2025
$499,900
Initial Listing
Feb 17, 2012
$140,000
Public Record