5747 3rd Avenue, Los Angeles, California 90043, Los Angeles, 90043 - 4 bed, 1 bath
ACTIVE$499,900
5747 3rd Avenue, Los Angeles, California 90043
4Beds
1Bath
2,093Sqft
5,405Lot
Year Built
1923
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$239
HOA
-
Days on market
-
Sold On
-
MLS number
25627255
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $499.9K(3th), sqft - 2093(85th), beds - 4(82th), baths - 1(23th).
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.
Nearby schools
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.2mi
3/10
Angeles Mesa Elementary School
Public,•K-5•0.4mi
2/10
Yes Academy
Public,•K-5•0.7mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.2mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.2mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.3mi
1/10
Lane (Warren) Elementary School
Public,•K-6•1.6mi
4/10
Centinela Elementary School
Public,•K-6•1.7mi
3/10
Windsor Hills Math Science
Public,•K-5•2.0mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.1mi
1/10
Horace Mann Junior High School
Public,•6-8•1.1mi
2/10
Audubon Middle School
Public,•6-8•1.5mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•3.1mi
2/10
Crozier (George W.) Middle School
Public,•7-8•3.2mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•3.5mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•0.7mi
2/10
Inglewood High School
Public,•9-12•2.8mi
2/10
George Washington Preparatory High School
Public,•9-12•3.7mi
9/10
Middle College High School
Public,•9-12•6.0mi
Price History
Date
Event
Price
12/10/25
Listing
$499,900
02/17/12
Sold
$140,000
Condition Rating
Poor
Built in 1923, this property is explicitly described as being in 'substandard condition' and requires the buyer to address issues with the Los Angeles Department of Building and Safety. The kitchen, while having some newer cabinets, features severely worn flooring, older appliances, and an overall dated appearance, indicating a need for a complete renovation. The exterior also shows signs of neglect. The presence of a partially permitted but unfinished ADU further highlights the significant work and investment required to bring the property up to code and a livable standard. This aligns with the 'Poor' condition criteria, necessitating substantial repairs and rehabilitation.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Significant Investment & Value-Add Potential: Explicitly marketed as an 'excellent investment opportunity' for 'savvy investors' due to its low entry price and potential for substantial value creation through renovation and ADU completion.
Dual ADU Potential: The presence of a partially permitted Accessory Dwelling Unit (ADU) and a garage convertible to a second ADU offers exceptional income-generating possibilities or multi-family living arrangements.
Desirable Los Angeles Neighborhood: Located in a 'sought-after Los Angeles neighborhood' (Park Hills Heights), which typically ensures strong demand and long-term appreciation.
Generous Property Size: A 2093 sqft main house on a 5405 sqft lot provides ample living space and outdoor area, which is valuable in urban Los Angeles.
Below Market Price Point: The list price of $499,900 is significantly below typical Los Angeles prices for a 4-bedroom home, reflecting the current condition but also presenting a high-equity potential for the right buyer.
Cons
Major Regulatory & Condition Issues: The property is in 'substandard condition' and requires the buyer to address issues with the Los Angeles Department of Building and Safety, indicating significant financial and time commitments, and potential legal complexities.
Mandatory Tenant Retention: The non-negotiable term requiring the buyer to retain existing tenants limits owner-occupancy options, complicates renovation plans, and may involve navigating tenant rights and rent control regulations.
Unfinished & Partially Permitted ADU: While offering potential, the existing ADU is not complete and only partially permitted, meaning the buyer inherits the responsibility, cost, and risk of finishing it to code.