1714 3rd Ave - Apartments FOR SALE


Los Angeles, CA 90019- Arlington Heights
$1,250,000 USD
310-801-7373
1714 3rd Ave, Los Angeles, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/17
null | 5.81% Cap Rate

1714 3rd Ave
Los Angeles, CA 90019
Arlington Heights


HIGHLIGHTS

  • Prime Mid-City 6-Unit Investment featuring an excellent unit mix of six 1-bedroom/1-bath units in one of Los Angeles' strongest rental markets.
  • Oversized 5,962 SF LARD2-zoned lot with significant value-add and development potential.
  • Architectural plans completed for conversion of the existing carport into a two-story ADU development totaling approximately 1,600 SF.
  • Opportunity to add four (4) new ADU units (approximately 400 SF each), creating substantial future income potential.
  • Major capital improvements already completed, including an upgraded electrical panel, new breakers, and brand-new water heaters.
  • Four units have been renovated within the past five years, minimizing near-term capital expenditures.

OVERVIEW

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 A major value-add component is the completed architectural plans for conversion of the existing carport into a two-story ADU development totaling approximately 1,600 square feet. The proposed project consists of four new studio-style ADU units of approximately 400 square feet 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.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$378 USD /SF

# OF UNITS

6

PRICE/UNIT

$208,333

CAP RATE

5.81%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Excellent Cash Flow and ADU potential

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1907

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,962 SF

ZONING

LARD1.5

APN/PARCEL ID

5072-031-014

ASK ABOUT THIS PROPERTY

Olga WrightLyon Stahl Investment Real EstateMore Info
310-801-7373

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Olga WrightLyon Stahl Investment Real EstateMore Info
310-801-7373

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.