Located just half a mile from the heart of Leimert Park, 4151 3rd Ave is a meticulously maintained property featuring seven one-bedroom units and 12 studio apartments. Showcasing timeless 1930s architecture with charming finishes, this property offers both character and investment potential. A prime value-add opportunity, four vacant units provide immediate potential for renovation and increased rental income. Additionally, the property is master-metered for gas, allowing for an extra 1% annual rent increase. With ADU potential and four existing garages plus two storage rooms, there are multiple ways to enhance revenue. Ideally situated just five minutes from the vibrant Leimert Park Plaza district and offering easy access to the 10 and 110 Freeways, this centrally located asset is a rare find in a highly desirable neighborhood.