7040 3rd Avenue, Los Angeles, California 90043, Los Angeles, 90043 - bed, bath
ACTIVE$999,900
7040 3rd Avenue, Los Angeles, California 90043
0Bed
0Bath
1,588Sqft
6,002Lot
Year Built
1924
Close
-
List price
$1,000K
Original List price
$1.1M
Price/Sqft
$630
HOA
-
Days on market
-
Sold On
-
MLS number
CV25114919
Home ConditionExcellent
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $999.9K(58th), sqft - 1588(58th), beds - undefined(2th), baths - undefined(2th).
MAJOR PRICE IMPROVEMENT !! Property will be delivered vacant ! Discover this beautifully remodeled home in the vibrant heart of Hyde Park, front house 2 bedroom 2 full bathrooms (master bedroom), Open-concept living space with abundant natural light, offering modern upgrades, stylish finishes, brand-new kitchen with stainless steel appliances, spacious bedrooms and elegant bathrooms with sleek finishes, energy efficient windows, updated flooring and fresh paint inside & out, and an incredible income opportunity with a separate brand-new Accessory Dwelling Unit (ADU) ideal for guests, extended family, or passive rental income. Large backyard great for entertaining guests or extra parking. Located close distance to SoFi Stadium, Intuit Dome, Exposition Park, USC campus, Museums, BMO Stadium, LAX, Downtown LA, and MORE !!!
Nearby schools
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•0.3mi
2/10
Yes Academy
Public,•K-5•0.5mi
1/10
Lane (Warren) Elementary School
Public,•K-6•0.6mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.8mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.4mi
4/10
Centinela Elementary School
Public,•K-6•1.5mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.8mi
2/10
Forty-Second Street Elementary School
Public,•K-5•2.2mi
3/10
Windsor Hills Math Science
Public,•K-5•2.5mi
1/10
Horace Mann Junior High School
Public,•6-8•0.5mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.9mi
2/10
Audubon Middle School
Public,•6-8•2.4mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•2.5mi
2/10
Crozier (George W.) Middle School
Public,•7-8•2.8mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•3.1mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.6mi
2/10
Inglewood High School
Public,•9-12•2.2mi
2/10
George Washington Preparatory High School
Public,•9-12•2.7mi
9/10
Middle College High School
Public,•9-12•5.3mi
Price History
Date
Event
Price
10/01/25
Price Change
$999,900-4.6%
08/29/25
Price Change
$1,048,000-0.1%
08/07/25
Price Change
$1,049,000
05/22/25
Listing
$1,098,000
05/07/21
Sold
$670,000
05/05/21
Sold
$620,000
07/12/19
Sold
$455,500
03/29/04
Sold
$260,000
10/31/03
Sold
$175,000
Condition Rating
Excellent
This property, though built in 1924, has undergone a beautiful and extensive recent renovation, as evidenced by the MLS description and images. The kitchen features brand-new white shaker cabinets, light countertops, and stainless steel appliances, all in a modern style. Both bathrooms are completely updated with sleek finishes, new vanities, modern tiling (marble-look in one, subway in the other), black fixtures, and glass shower enclosures. The entire home boasts updated flooring (light wood-look laminate), fresh paint, energy-efficient windows, and modern light fixtures, including recessed lighting and a stylish dining chandelier. The addition of a brand-new ADU further confirms a comprehensive and high-quality renovation, leaving no deferred maintenance and meeting current quality standards.
Pros & Cons
Pros
Income Potential (ADU): Features a separate, brand-new Accessory Dwelling Unit (ADU) providing significant income generation opportunities or flexible living solutions for extended family.
Turnkey Condition: Recently and extensively remodeled with a new kitchen, stainless steel appliances, energy-efficient windows, updated flooring, and fresh paint, offering a move-in ready experience.
Strategic Location: Situated in Hyde Park with excellent proximity to major entertainment venues (SoFi Stadium, Intuit Dome), educational institutions (USC), and transportation hubs (LAX), enhancing its desirability.
Modern Interior Design: Boasts an open-concept living space with abundant natural light and stylish, sleek finishes throughout, appealing to contemporary tastes.
Generous Outdoor Space: Includes a large backyard suitable for entertaining guests or providing additional off-street parking, a valuable amenity in Los Angeles.
Cons
History of Price Reductions: The property has undergone multiple significant price adjustments since its initial listing, potentially signaling previous overpricing or challenges in market absorption.
Age of Original Structure: While extensively remodeled, the main house was built in 1924, which may lead to concerns about the integrity of un-renovated systems or require future maintenance typical of older homes.
Subpar Local School Ratings: Several nearby public schools exhibit lower performance ratings (1-3), which could be a disadvantage for prospective buyers with school-aged children seeking highly-rated local education options.