Sold: May 21, 2021
Address
1714 3rd Avenue Los Angeles, CA
Price
$ 1,160,000
Property Attributes
  • MLS#21693764
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • Zip90019
  • Style
  • Price$ 1,160,000
  • Bedrooms6
  • Full Bathrooms6
  • Half Bathrooms0
  • Lot Size5,963 SqFt
Listing Provided Courtesy Of:
Sean Rosenzweig with Marcus & Millichap.
Data Source:
California Regional MLS (CRMLS) - 25 - CA
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

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90019

Price
AVG $1.94M
$1.16M

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