7040 3rd, Los Angeles, California 90043, Los Angeles, 90043 - 0 bed, 0 bath
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7040 3rd
Los Angeles, California 90043
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
1,588Sq Ft
6,002Lot Size
Property Price
LIST PRICE$869,000
EST. MARKET VALUE
$840,042
3% AboveMARKET VALUE
SUMMARY
This Residential Income Duplex is a Strong Value Opportunity, listed at $869,900—positioned well below the $882,498 Fair Market Value by 1%. This valuation gap offers $12,598 in Instant Equity. Featuring a Mint Condition Rating with modern kitchen and bathroom renovations, the property includes a private patio and a generous 6,002 sqft lot with ADU potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey house-hacking asset in a high-demand Los Angeles corridor.
Estimated Market Value
$840,042
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7040 3rd Subject | $869,000* List Price | 0 | 0 | 1,588 | $529 | - |
A 6315 Madden Sold | $960,000 | 0 | 0 | 1,725 | $557 | 0.6 mi |
B 6612 2nd Active | $979,900 List Price | 0 | 0 | 1,542 | $635 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1924, the property has undergone a comprehensive recent renovation (likely <2 years). The kitchen and bathrooms feature brand new modern finishes, including shaker cabinets, quartz countertops, designer subway tile backsplashes, and contemporary black fixtures. The presence of new windows and fresh exterior paint indicates the property is in mint, move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Middle College High School (9/10).
- Investment Potential
As a duplex in the high-demand 90043 zip code, this property offers excellent rental income opportunities or a 'house-hacking' option for owner-occupants looking to offset their mortgage.
- Generous Lot Size
The 6,002-square-foot lot provides significant outdoor space and potential for future value-add projects, such as the addition of an Accessory Dwelling Unit (ADU) to further increase yield.
CONSRISKS & DEFICIENCIES
- Underperforming Local Schools
The immediate public schools are rated poorly (mostly 1s and 2s), which may deter families and negatively impact long-term appreciation compared to neighboring districts.
- Vintage Infrastructure Risks
Built in 1924, this century-old structure likely requires ongoing maintenance and potential upgrades to major systems like electrical, plumbing, and foundation to meet modern standards.
About 7040 3rd
Discover this beautifully remodeled and spacious 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 multi parking. Located close distance to SoFi Stadium, Intuit Dome, Exposition Park, USC campus, Museums, BMO Stadium, LAX, Downtown LA, and MORE !!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1924
- Lot Size
- 6,002 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
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
3/10
Yes Academy
Grades K-5 • 0.5 mi
2/10
Lane (Warren) Elementary School
Grades K-6 • 0.6 mi
1/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,588 | 2,187.451 |
| Lot Size | 6,002 | 5,841.385 |
| Price | $869.0K | $841.5K |
| Price per sq ft | $547 | $385 |
| Built year | 1924 | 1928 |
| HOA | $0 | $0 |
| Days on market | 55 | 85 |
Pricing History
Listed for Sale
Aug 28, 2026
$869,000
$869,900
+0% Price Increase
Initial Listing
Price Change
Jul 16, 2026
$869,900
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