$1,250,000
 $6,710 est/mo Sourced by Back At You

1714 3rd Ave,Los Angeles, CA 90019

Los Angeles, CA 90019

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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

Details

MLS #SB26149935
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1907
Days On Site47
Listing Provided ByLyon Stahl Investment Real Estate, Inc. | Evelyn Baez Gonzalez

Features

SQ Feet3,310
Garage4
Story(s)2
Units6
Building(s)1
ZoningLARD2
Acreage0.14
Property ViewNone

Exterior

Lot FeaturesRectangular Lot

Parking

Parking FeaturesNone
Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesStreet Lights, Sidewalks

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90019
AreaC16 Mid Los Angeles
Listing VS Median (in 90019)
Price:
$1,250,000
low | high
Med:
$1,712,500
13% of Average
sqft:
3,310
low | high
Med:
3,700
38.21752265861% of Average
$ / sqft:
$378
low | high
Med:
$463
27.296494173724% of Average
On site:
47
low | high
Med:
477.5
9.842931937173% of Average
Sourced by Back At You

Market Activity 90019

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Additional Information

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Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90019
AreaC16 Mid Los Angeles
Listing VS Median (in 90019)
Price:
$1,250,000
low | high
Med:
$1,712,500
13% of Average
sqft:
3,310
low | high
Med:
3,700
38.21752265861% of Average
$ / sqft:
$378
low | high
Med:
$463
27.296494173724% of Average
On site:
47
low | high
Med:
477.5
9.842931937173% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $937K - $1.562M
sqft: 2,000 - 4,000
Nearby Listings Property ImageNearby Listings Details
2632 W 16th Property Photo 1
$2,200,000
2632 W 16th
Los Angeles, CA 90019
Listing Updated: July 23, 2026 at 4:46:49 PM PDT