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Listed by Evelyn Baez Gonzalez, DRE #02103055 • Lyon Stahl Investment Real Estate, Inc.
$ 1,250,000
Est. payment /mo
Active
1714 3rd Ave Los Angeles, CA 90019
5,962 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26149935
Year Built 1907
Lot Size 5,962 Sqft
Source California Regional MLS
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
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Laundry None
Exterior
Parking Features No Parking
Garage Spaces 4.0
Pool 31, None
View None
Building
Water District - Public
Others
Tax ID 5072031014
Special Listing Condition Not Applicable
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