3963 3rd Avenue, Los Angeles, California 90008, Los Angeles, 90008 - 4 bed, 4 bath
ACTIVE$1,550,000
3963 3rd Avenue, Los Angeles, California 90008
4Beds
4Baths
2,152Sqft
5,202Lot
Year Built
1913
Close
-
List price
$1.55M
Original List price
$1.65M
Price/Sqft
$720
HOA
-
Days on market
-
Sold On
-
MLS number
25518413
Home ConditionExcellent
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
Possibly Over-Priced:The estimated price is 42% below the list price. We found 4 Cons,5 Pros. Rank: price - $1.55M(70th), sqft - 2152(61th), beds - 4(70th), baths - 4(82th).
20K BUYER CREDIT AVAILABLE TO BUY DOWN RATE OR USE TOWARDS CLOSING COST for this beautifully rebuilt Craftsman home offering a spacious 3-bedroom, 2.5 bath main home plus a 1-bedroom, 1bath ADU ideal for guests, income or multigenerational living. Blending historic charm with modern finishes, it's flexible as a single family home or income producing duplex. Set in the heart of historic Leimert Park, near USC, Culver City and the vibrant renaissance of West Adams, 3963 3rd Avenue is a smart lifestyle move! Seller Motivated. Submit all offers!
Nearby schools
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•0.2mi
2/10
Forty-Second Street Elementary School
Public,•K-5•0.4mi
4/10
Birdielee V. Bright Elementary School
Public,•K-5•0.9mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.0mi
2/10
Coliseum Street Elementary School
Public,•K-5•1.4mi
3/10
Hillcrest Drive Elementary School
Public,•K-5•1.5mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.9mi
2/10
Audubon Middle School
Public,•6-8•0.5mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.2mi
5/10
Foshay Learning Center
Public,•K-12•0.9mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.1mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•1.6mi
Price History
Date
Event
Price
08/28/25
Sold
$1,250,000
08/15/23
Sold
$750,000
Condition Rating
Excellent
Despite being built in 1913, the property has been 'beautifully rebuilt' and extensively renovated, as evidenced by the modern and high-quality finishes throughout. The kitchens feature new black cabinetry, white quartz countertops, stainless steel appliances, and modern fixtures. Bathrooms also appear newly renovated with contemporary vanities and finishes. Flooring is new light wood, lighting is recessed, and the overall aesthetic is fresh and modern, indicating a recent, comprehensive renovation within the last 5 years, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
Income-Generating ADU: The property includes a separate 1-bedroom, 1-bath ADU, offering significant income potential or flexible living arrangements for guests or multi-generational families.
Historic Charm with Modern Updates: A 'beautifully rebuilt Craftsman home' that successfully blends its original historic charm with contemporary finishes, appealing to a wide range of buyers.
Desirable Leimert Park Location: Situated in the heart of historic Leimert Park, providing excellent proximity to USC, Culver City, and the revitalized West Adams area, indicating strong lifestyle and appreciation potential.
Buyer Financial Incentive: A $20,000 buyer credit is available, which can be used to buy down the interest rate or cover closing costs, making the purchase more attractive and affordable.
Versatile Property Use: The configuration allows for flexible use as either a single-family residence or an income-producing duplex, maximizing its utility and investment appeal.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-08-28. The sold price is $1,250,000.00.
Significant Overvaluation: The property's estimated value is substantially lower than the current listing price (estimation ratio -42%), suggesting a potential overvaluation that could deter buyers or lead to appraisal issues.
Aggressive Pricing Compared to Market Comps: Despite recent renovations and an ADU, the $1.55M list price is notably higher than recent sales of comparable properties in the area, indicating it may be priced above current market expectations.
Indication of Selling Difficulty: The 'Seller Motivated' note and the previous price reduction from $1.65M to $1.55M suggest the property has faced challenges attracting offers at its initial price point, potentially signaling further negotiation room or perceived overpricing.