1714 3rd Avenue

Los Angeles, CA
$ 1,195,000 Beds 6 Baths 6
Monthly Estimate* How much can I afford?

I am pleased to offer for sale a six-unit apartment community located at 1714 3rd Avenue. The subject property is located just south of Venice Boulevard within the Mid-City sub-market in a dense infill pocket of Los Angeles. The property has 26% remaining rental upside through unit renovations. The property is priced to an in-place 5.05% CAP rate with remaining upside to a 7.01% CAP and is attractively priced at $199,167 per unit. The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue renovating the additional two units and achieve superior future returns moving forward make 1714 3rd Avenue an excellent acquisition opportunity.

Pending

  • Price
  • $ 1,195,000
  • Lot Size
  • 5,963 SqFt
  • Bedrooms
  • 6
  • Full Bathrooms
  • 6
  • Year Built
  • 1907
  • Half Bathrooms
  • 0
  • City, Zip
  • Los Angeles
  • County
  • LOS ANGELES
  • Style
  • Area
  • Mid Los Angeles
  • MLS#
  • 21693764
  • Zip
  • 90019
Listing Provided by: Sean Rosenzweig with Marcus & Millichap.
Data Source: CRMLS

Features

General

Listing Agent Sean Rosenzweig - BRE#01406343
Listing Agent State License 01406343
MLS Area C16 - Mid Los Angeles
Parking Features Covered
Property Type Residential Income
Special Listing Conditions Standard
Total Units 6
Zoning LARD1.5

Exterior Features

Lot Dimensions 45x132
Lot Size Acres 0.13
Lot Size Area 5963
Lot Size Source Assessor
Lot Size Square Feet 5963
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Newport Beach, CA office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

2/17/2021 Listed $1,195,000

Property vs Zip Code Average in 90019

Price
AVG $1.3M
$1.2M
Visits
AVG 25
25
Year Built
AVG 1939
1907
Walkscore
AVG 84
85
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

1714 3rd Avenue Los Angeles, CA is a Single Family Home for sale at $1195000 and a lot size of 5,963 SqFt Acre(s). 1714 3rd Avenue Los Angeles has 6 bedrooms, 6 baths and was built in 1907. The property's zip code is 90019 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.