1714 3rd Ave, Los Angeles, CA 90019
- $1,250,000
List Agent Evelyn Baez Gonzalez () 951-902-3006 Lyon Stahl Investment Real Estate, Inc.; CoList ()
- List Price
- $1,250,000
- Status
- ACTIVE
- MLS#
- SB26149935
- Year Built
- 1907
- Lot Size
- 5,962
- Lot Location
- Rectangular Lot
- Days on Market
- 9
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
Property Description
Prime Mid-City 6-unit investment opportunity with significant value-add potential. The property features an excellent unit mix of six 1-bedroom/1-bath units situated on an oversized 5,962 SF LARD2-zoned lot. Four of the six units have been fully remodeled within the past five years, while recent capital improvements include an upgraded electrical panel, all new electrical breakers, and brand-new water heaters, reducing future maintenance costs. Total Current Rental Income is $9,295/month** There is a current proposal for conversion of the existing carport into a two-story ADU development of approximately 1,600 Sq. Ft. . The proposed project consists of four 1-bedroom ADU units of approximately 400 SF each, offering substantial upside in rental income and overall property value (buyer to verify). Ideally located in the heart of Mid-City, the property offers convenient access to Downtown Los Angeles, Culver City, Miracle Mile, Koreatown, and numerous employment centers. Strong rental demand, an excellent central location, and future ADU potential make this an outstanding opportunity for both long-term investors and value-add buyers seeking immediate upside. SEE SUPPLEMENTS FOR OFFERING MEMORANDUM
Additional Information
- Pool Description
- None
- View
- None
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
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Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.