1714 3rd Avenue is a six-unit apartment building in Los Angeles’ Mid City. The property is a well-maintained 1907 construction that boasts a blend of original charm and modern upgrades. All floor plans are one-bed/one-baths that are separately metered for gas and electricity, and select units feature original built-ins, hardwood… Read More floors, and decorative fireplaces while some units have been remodeled with newer flooring and modern kitchens and baths. The property also offers four garage spaces in the rear.
With current rents approximately 37% below market, this asset presents a compelling value-add opportunity for investors seeking rental upside. Additionally, there may be potential to add four 400-square-foot one-bedroom ADUs (buyer to verify), further enhancing income potential. The absence of on-site laundry presents another opportunity to increase tenant appeal and revenue.
1714 3rd Avenue is in a true Mid City location central to Downtown Los Angeles, Culver City, the Miracle Mile, and all Los Angeles has to offer. The property is a half-block from the brand new “The Arlington” 84-unit mixed use project, less than a half-mile to the 10 Freeway, and conveniently near retail. Read Less
Property listed by Steven M. Bogoyevac, Broker, Steven Bogoyevac 310-259-7556
Listing Snapshot
Days Online
0
Last Updated
Property Type
MixedUse
Lot Size
0.14 Acres
Year Built
1907
MLS Number
PW26063406
Additional Details
Building
Built in 1907, 1 building, 2 stories, Entry level: 1, Entry location: 1
Community
Urban
Expenses
Operating: $36,688
Garage
4 spaces
Income
Gross Income: $115,176, Gross ScheduledIncome: $115,176, Net Operating Income: $75,032
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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