7040 3rd, Los Angeles, California 90043, Los Angeles, 90043 - 0 bed, 0 bath
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Los Angeles, California 90043
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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7040 3rd Subject | $869,900* List Price | 0 | 0 | 1,588 | $556 | - |
A 6315 Madden Sold | $960,000 | 0 | 0 | 1,725 | $557 | 0.6 mi |
B 6612 2nd Active | $999,000 List Price | 5 | 3 | 1,542 | $648 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
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.
High School: Middle College High School (9/10).
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.
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.
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.
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.
Exceptional opportunity in Los Angeles. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,588 | 2,250 |
| Lot Size | 6,002 | 5,864 |
| Price | $869.9K | $826.7K |
| Price per sq ft | $548 | $395 |
| Built year | 1924 | 1925 |
| HOA | $0 | $0 |
| Days on market | 6 | 83 |
Jul 16, 2026
$869,900
Initial Listing
May 7, 2021
$670,000
Public Record
May 5, 2021
$620,000
Public Record
Jul 12, 2019
$455,500
Public Record
Mar 29, 2004
$260,000
Public Record
Oct 31, 2003
$175,000
Public Record