1714 3rd Avenue

Los Angeles, CA
$ 1,160,000 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.

Income

  • Price
  • $ 1,160,000
  • Lot Size
  • 5,963 SqFt
  • Bedrooms
  • 6
  • Full Bathrooms
  • 6
  • Half Bathrooms
  • 0
  • City, Zip
  • Los Angeles
  • County
  • LOS ANGELES
  • Style
  • Area
  • MLS#
  • 21693764
  • Zip
  • 90019
Listing Provided by: Sean Rosenzweig with Marcus & Millichap.
Data Source: California Regional MLS (CRMLS) - 25 - CA

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary 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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Default based on a 30-year fixed rate of 2.99% 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
Middle School
High School

Price History

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

Property vs Zip Code Average in 90019

Price
AVG $1.95M
$1.2M

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 . 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 2.99% 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.