Address
1714 3rd Avenue Los Angeles, CA
Price
$ 1,195,000
Property Attributes
  • MLS#21693764
  • TypePending
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid Los Angeles
  • Zip90019
  • Style
  • Price$ 1,195,000
  • Bedrooms6
  • Full Bathrooms6
  • Half Bathrooms0
  • Lot Size5,963 SqFt
Listing Provided Courtesy Of:
Sean Rosenzweig with Marcus & Millichap.
Data Source:
CRMLS
Property Description

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.

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

General Features

MLS Area C16 - Mid Los Angeles
Parking Features Covered
Property Type Residential Income
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

Property vs Zip Code Average in 90019

Price
AVG $1.24M
$1.2M
Visits
AVG 29
13
Year Built
AVG 1937
1907
Walkscore
AVG 84
85
Data Provided by Walkscore ® not using MLS data

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