5747 3rd Avenue, Los Angeles, California 90043, Los Angeles, 90043 - 4 bed, 2 bath
ACTIVE$510,000
5747 3rd Avenue, Los Angeles, California 90043
4Beds
2Baths
2,093Sqft
5,405Lot
Year Built
1923
Close
-
List price
$510K
Original List price
$510K
Price/Sqft
$244
HOA
-
Days on market
-
Sold On
-
MLS number
25549983
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $510.0K(4th), sqft - 2093(84th), beds - 4(82th), baths - 2(50th).
This property presents a remarkable investment opportunity in one of Los Angeles sought-after neighborhoods in the avenues. Featuring 4 bedrooms and 1 bath, it also has a permitted but not yet finalized (ADU), adding significant value and versatility to the property. Additionally, the garage offers potential for conversion into another ADU, enhancing the income-generating possibilities. With multiple avenues for expansion and improvement, this property is a prime candidate for savvy investors looking to capitalize. Don't miss out on the chance to transform this property into a lucrative investment! Tenant Occupied. Seller is looking for a quick non contingent closing.
Nearby schools
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.2mi
3/10
Angeles Mesa Elementary School
Public,•K-5•0.4mi
2/10
Yes Academy
Public,•K-5•0.7mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.2mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.2mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.3mi
1/10
Lane (Warren) Elementary School
Public,•K-6•1.6mi
4/10
Centinela Elementary School
Public,•K-6•1.7mi
3/10
Windsor Hills Math Science
Public,•K-5•2.0mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.1mi
1/10
Horace Mann Junior High School
Public,•6-8•1.1mi
2/10
Audubon Middle School
Public,•6-8•1.5mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•3.1mi
2/10
Crozier (George W.) Middle School
Public,•7-8•3.2mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•3.5mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•0.7mi
2/10
Inglewood High School
Public,•9-12•2.8mi
2/10
George Washington Preparatory High School
Public,•9-12•3.7mi
9/10
Middle College High School
Public,•9-12•6.0mi
Price History
Date
Event
Price
06/09/25
Listing
$510,000
02/17/12
Sold
$140,000
Condition Rating
Poor
Built in 1923, this property is over 100 years old and shows significant signs of neglect and deferred maintenance. The exterior is very worn with discolored stucco, a dated fence, and a rusty awning. Inside, there's visible water damage on the bedroom ceiling, indicating potential roof or plumbing issues. While no kitchen or bathroom photos are provided, the overall condition suggests these areas are likely original or very outdated, requiring substantial renovation. The listing description itself frames it as an 'investment opportunity' needing 'expansion and improvement,' reinforcing that major rehabilitation is required.
Pros & Cons
Pros
High Investment Potential: Explicitly marketed as a 'remarkable investment opportunity' with 'multiple avenues for expansion and improvement' for savvy investors.
Permitted ADU (Not Finalized): Includes a permitted but not yet finalized Accessory Dwelling Unit, offering significant value-add and immediate income generation or expanded living space upon completion.
Additional ADU Conversion Potential: The garage offers further potential for conversion into another ADU, maximizing income-generating possibilities and overall property value.
Desirable Los Angeles Neighborhood: Located in 'one of Los Angeles' sought-after neighborhoods in the avenues' (Park Hills Heights), enhancing its appeal and long-term value.
Attractive Price Point for Value-Add: The list price of $510,000 appears competitive for a property with substantial value-add and income-generating potential in the Los Angeles market.
Cons
Tenant Occupied: The property is tenant-occupied, which can complicate showings, inspections, and the closing process, potentially requiring the buyer to navigate tenant rights.
Limited Bathroom Count: With 4 bedrooms and only 1 bathroom, the property has a low bath-to-bed ratio, which may deter some buyers or necessitate future renovation.
Seller's Closing Terms: The seller's request for a 'quick non contingent closing' may limit buyer due diligence and negotiation flexibility, increasing buyer risk.