7040 3rd, Los Angeles, California 90043, Los Angeles, 90043 - 4 bed, 3 bath
7040 3rd
Los Angeles, California 90043
Property Price
SUMMARY
Analysis of 7040 3rd, Los Angeles, California 90043 is currently available with a list price of $919,880. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation, featuring a brand new kitchen with stainless steel appliances, modern bathrooms, and updated flooring throughout. The addition of a fully permitted ADU and the high-quality interior finishes meet the criteria for excellent condition, effectively addressing any physical depreciation associated with its 1924 build year.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Middle College High School (9/10).
CONSRISKS & DEFICIENCIES
About 7040 3rd
PRICE IMPROVEMENT!! REMODELED HOME WITH PERMITTED ADU in Vibrant Hyde Park !! Fully remodeled front home consisting of a 2 bedroom and 2 full bathrooms and a fully permitted Accessory Dwelling Unit (ADU) with 2 bedrooms, 1 full bathroom and kitchen. This is a rare opportunity for savvy investors or homeowners seeking significant income potential and flexible living arrangements. Bright, open-concept living space with abundant natural light, modern finishes with brand new kitchen with stainless steel appliances, spacious bedrooms with a fantastic Master suite with a private bathroom. Situated in a central Los Angeles location just minutes away form major hubs and attractions for both owners and renters. Close proximity to SoFi Stadium, Intuit Dome, BMO Stadium, Exposition Park, USC Campus and various museums. Convenient distance to LAX and Downtown LA.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1924
- Lot Size
- 6,002 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Seventy-Fourth Street Elementary School
Grades K-5 • 0.3 mi
Yes Academy
Grades K-5 • 0.5 mi
Lane (Warren) Elementary School
Grades K-6 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | - | 80% |
| Baths | 3.0 | - | 80% |
| Square foot | 1,588 | 1,588 | 50% |
| Lot Size | 6,002 | 6,702 | 20% |
| Price | $919.9K | $800.0K | 80% |
| Price per sq ft | $579 | $392 | 60% |
| Built year | 1924 | 1924 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 127 | 200 | 20% |
Pricing History
Listed for Sale
Mar 5, 2026
$919,880
$919,888
+0% Price Increase
Initial Listing
Price Change
Feb 20, 2026
$919,888
$919,900
+0% Price Increase
Initial Listing
Price Change
Jan 31, 2026
$919,900
$938,000
-2% Price Drop
Initial Listing
Price Change
Jan 8, 2026
$938,000
$939,000
+0% Price Increase
Initial Listing
Price Change
Dec 3, 2025
$939,000
$939,900
+0% Price Increase
Initial Listing
Price Change
Nov 14, 2025
$939,900
$959,900
-2% Price Drop
Initial Listing
Price Change
Oct 30, 2025
$959,900
Initial Listing
Sold
May 7, 2021
$670,000
Public Record
Sold
May 5, 2021
$620,000
Public Record
Sold
Jul 12, 2019
$455,500
Public Record
Sold
Mar 29, 2004
$260,000
Public Record
Sold
Oct 31, 2003
$175,000
Public Record