7040 3rd Avenue, Los Angeles, California 90043, Los Angeles, 90043 - 4 bed, 3 bath
ACTIVE$999,900
7040 3rd Avenue, Los Angeles, California 90043
4Beds
3Baths
1,588Sqft
6,002Lot
Year Built
1924
Close
-
List price
$1,000K
Original List price
$1.15M
Price/Sqft
$630
HOA
-
Days on market
-
Sold On
-
MLS number
CV25059758
Home ConditionExcellent
Features
Good View: Mountain(s), Neighborhood
ViewMountain(s), Neighborhood
About this home
Great Deal:The estimated price is 5% above the list price. We found 3 Cons,5 Pros. Rank: price - $999.9K(88th), sqft - 1588(38th), beds - 4(75th), baths - 3(75th).
MAJOR PRICE IMPROVEMENT !! Property will be delivered vacant ! Must see to appreciate, Discover this beautifully remodeled home in the vibrant heart of Hyde Park, front house 2 bedroom 2 full bathrooms (master bedroom), Open-concept living space with abundant natural light, offering modern upgrades, stylish finishes, brand-new kitchen with stainless steel appliances, spacious bedrooms and elegant bathrooms with sleek finishes, energy efficient windows, updated flooring and fresh paint inside & out, and an incredible income opportunity with a separate brand-new Accessory Dwelling Unit (ADU) ideal for guests, extended family, or passive rental income. Large backyard great for entertaining guests or extra parking. Located close distance to SoFi Stadium, Intuit Dome, Exposition Park, USC campus, Museums, BMO Stadium, LAX, Downtown LA, and MORE !!!
Nearby schools
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•0.3mi
2/10
Yes Academy
Public,•K-5•0.5mi
1/10
Lane (Warren) Elementary School
Public,•K-6•0.6mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.8mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.4mi
4/10
Centinela Elementary School
Public,•K-6•1.5mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.8mi
2/10
Forty-Second Street Elementary School
Public,•K-5•2.2mi
3/10
Windsor Hills Math Science
Public,•K-5•2.5mi
1/10
Horace Mann Junior High School
Public,•6-8•0.5mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.9mi
2/10
Audubon Middle School
Public,•6-8•2.4mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•2.5mi
2/10
Crozier (George W.) Middle School
Public,•7-8•2.8mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•3.1mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.6mi
2/10
Inglewood High School
Public,•9-12•2.2mi
2/10
George Washington Preparatory High School
Public,•9-12•2.7mi
9/10
Middle College High School
Public,•9-12•5.3mi
Price History
Date
Event
Price
10/01/25
Price Change
$999,900-4.6%
08/29/25
Price Change
$1,048,000-0.1%
08/07/25
Price Change
$1,049,000
03/19/25
Listing
$1,149,000
05/07/21
Sold
$670,000
05/05/21
Sold
$620,000
07/12/19
Sold
$455,500
03/29/04
Sold
$260,000
10/31/03
Sold
$175,000
Condition Rating
Excellent
Despite being built in 1924, the property has undergone a comprehensive and recent renovation, as explicitly stated in the description ('beautifully remodeled home,' 'brand-new kitchen,' 'elegant bathrooms,' 'updated flooring,' 'fresh paint,' and 'brand-new Accessory Dwelling Unit'). The images confirm this, showcasing a modern kitchen with white shaker cabinets, light countertops, subway tile backsplash, and stainless steel appliances. The bathrooms feature sleek vanities, black fixtures, and subway tile showers. All visible components, including flooring, lighting, and windows, appear new or virtually new, meeting current quality standards with no signs of deferred maintenance. The presence of a brand-new ADU further supports the extensive renovation.
Pros & Cons
Pros
Income-Generating ADU: The property includes a separate, brand-new Accessory Dwelling Unit (ADU), offering significant potential for passive rental income, guest accommodation, or multi-generational living.
Extensive Modern Renovation: The main house has been beautifully remodeled with modern upgrades, stylish finishes, a brand-new kitchen with stainless steel appliances, updated flooring, and fresh paint throughout.
Prime Location & Accessibility: Situated in the vibrant Hyde Park area, the property offers close proximity to major attractions such as SoFi Stadium, Intuit Dome, USC campus, LAX, and Downtown LA, enhancing its appeal and potential for appreciation.
Significant Price Adjustment: A 'MAJOR PRICE IMPROVEMENT' has been implemented, indicating a more attractive entry point for buyers and potentially offering enhanced value in the current market.
Energy Efficiency & Desirable Features: The home benefits from energy-efficient windows, an open-concept living space with abundant natural light, and a large backyard suitable for entertaining or additional parking.
Cons
Age of Original Structure: Despite extensive remodeling, the property was originally built in 1924, which could imply potential for underlying structural or system issues not fully addressed by cosmetic renovations.
Absence of Mentioned Cooling System: The property description does not specify the presence of a cooling system (e.g., central air conditioning), which could be a significant comfort and value concern in Los Angeles's warm climate.
Lower-Rated Local Schools: Several nearby public schools, including elementary, middle, and high schools, have lower performance ratings (1s and 2s), which may be a deterrent for families prioritizing top-tier education.