7040 3rd, Los Angeles, California 90043, Los Angeles, 90043 - 4 bed, 3 bath
ACTIVE$939,000
7040 3rd, Los Angeles, California 90043
4Beds
3Baths
1,588Sqft
6,002Lot
Year Built
1924
Close
-
List price
$939K
Original List price
$960K
Price/Sqft
$591
HOA
-
Days on market
-
Sold On
-
MLS number
CV25250858
Home ConditionExcellent
Features
Good View: Mountain(s), Neighborhood
Patio
ViewMountain(s), Neighborhood
About this home
We found 3 Cons,6 Pros. Rank: price - $939.0K(88th), sqft - 1588(38th), beds - 4(75th), baths - 3(75th).
REMODELED HOME WITH PERMITTED ADU in Vibrant Hyde Park !! Fully remodeled front home consisting of a 2 bedroom and 2 full bathrooms and a fully permitted Accessory Dwelling Unit (ADU) with 2 bedrooms, 1 full bathroom and kitchen. This is a rare opportunity for savvy investors or homeowners seeking significant income potential and flexible living arrangements. Bright, open-concept living space with abundant natural light, modern finishes with brand new kitchen with stainless steel appliances, spacious bedrooms with a fantastic Master suite with a private bathroom. Situated in a central Los Angeles location just minutes away form major hubs and attractions for both owners and renters. Close proximity to SoFi Stadium, Intuit Dome, BMO Stadium, Exposition Park, USC Campus and various museums. Convenient distance to LAX and Downtown LA.
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
12/03/25
Price Change
$939,000-0.1%
11/14/25
Price Change
$939,900-2.1%
10/30/25
Listing
$959,900
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 has undergone a comprehensive and recent renovation, as explicitly stated in the description ('Fully remodeled front home' and 'brand new kitchen'). The images confirm this, showcasing modern white shaker cabinets, stainless steel appliances, contemporary backsplashes, updated bathrooms with modern vanities and tiling, and consistent light wood-look laminate flooring throughout. All visible components, including light fixtures and paint, appear new or virtually new, meeting current quality standards with no signs of deferred maintenance. The addition of a permitted ADU, also fully remodeled, further enhances its excellent condition and modern appeal.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Permitted ADU & Income Potential: The property features a fully permitted Accessory Dwelling Unit (ADU), offering significant income potential or flexible multi-generational living arrangements.
Comprehensive Remodel: Both the main home and ADU have been fully remodeled with modern finishes, a brand new kitchen with stainless steel appliances, and an open-concept living space, ensuring move-in readiness.
Strategic Central Los Angeles Location: Situated in a vibrant Hyde Park neighborhood, the property boasts excellent proximity to major entertainment venues (SoFi Stadium, Intuit Dome), USC, Exposition Park, LAX, and Downtown LA, appealing to both owners and renters.
Residential Income Classification: Officially classified as a Residential Income property (Duplex), it provides a clear opportunity for dual rental income streams, enhancing its investment appeal.
Aesthetic Appeal with Views: The property offers desirable mountain and neighborhood views, adding to its aesthetic appeal and potential resale value.
Cons
Age of Original Structure: Built in 1924, despite extensive remodeling, the original structure may still present potential long-term maintenance concerns related to its age, such as plumbing, electrical, or foundation issues.
Subpar Local School Ratings: Several nearby public schools exhibit low ratings (predominantly 1s and 2s), which could be a deterrent for prospective buyers with school-aged children seeking highly-rated educational options.
Recent Price Reductions: The property has undergone multiple price reductions since its initial listing, potentially indicating an initial overestimation of market value or challenges in attracting offers at previous price points.