1714 3rd Ave Los Angeles, CA 90019
Arlington Heights NeighborhoodEstimated payment $8,613/month
About This Home
1714 3rd Avenue is a six-unit apartment building in Los Angeles’ Mid City. The property is a well-maintained 1907 construction that boasts a blend of original charm and modern upgrades. All floor plans are one-bed/one-baths that are separately metered for gas and electricity, and select units feature original built-ins, hardwood floors, and decorative fireplaces while some units have been remodeled with newer flooring and modern kitchens and baths. The property also offers four garage spaces in the rear. With current rents approximately 37% below market, this asset presents a compelling value-add opportunity for investors seeking rental upside. Additionally, there may be potential to add four 400-square-foot one-bedroom ADUs (buyer to verify), further enhancing income potential. The absence of on-site laundry presents another opportunity to increase tenant appeal and revenue. 1714 3rd Avenue is in a true Mid City location central to Downtown Los Angeles, Culver City, the Miracle Mile, and all Los Angeles has to offer. The property is a half-block from the brand new “The Arlington” 84-unit mixed use project, less than a half-mile to the 10 Freeway, and conveniently near retail.
Listing Agent
Steven M. Bogoyevac, Broker Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01332755 Listed on: 03/24/2026
Co-Listing Agent
Marcus & Millichap Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01928739
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1907
Lot Details
- 5,962 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Parking
- 4 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 3,310 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 14 / B
- Assessor Parcel Number 5072031014
- $966 per year additional tax assessments
Community Details
Overview
- 6 Units
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- Operating Expense $36,688
- Gross Income $115,176
- Net Operating Income $75,032
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,875 | $1,255,619 | $865,945 | $389,674 |
| 2024 | $15,696 | $1,231,000 | $848,966 | $382,034 |
| 2023 | $15,407 | $1,206,864 | $832,320 | $374,544 |
| 2022 | $14,719 | $1,183,200 | $816,000 | $367,200 |
| 2021 | $10,918 | $852,398 | $511,439 | $340,959 |
| 2020 | $11,022 | $843,658 | $506,195 | $337,463 |
| 2019 | $10,610 | $827,117 | $496,270 | $330,847 |
| 2018 | $10,485 | $810,900 | $486,540 | $324,360 |
| 2016 | $5,527 | $405,689 | $306,868 | $98,821 |
| 2015 | $5,455 | $399,596 | $302,259 | $97,337 |
| 2014 | $5,512 | $391,770 | $296,339 | $95,431 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/24/2026 03/24/26 | For Sale | $1,375,000 | +18.5% | $415 / Sq Ft | |
| 05/21/2021 05/21/21 | Sold | $1,160,000 | -2.9% | $350 / Sq Ft | View Prior Sale |
| 04/07/2021 04/07/21 | Pending | -- | -- | -- | |
| 02/16/2021 02/16/21 | For Sale | $1,195,000 | +50.3% | $361 / Sq Ft | |
| 05/23/2017 05/23/17 | Sold | $795,000 | 0.0% | $240 / Sq Ft | View Prior Sale |
| 03/31/2017 03/31/17 | Pending | -- | -- | -- | |
| 02/27/2017 02/27/17 | For Sale | $795,000 | +103.8% | $240 / Sq Ft | |
| 01/30/2013 01/30/13 | Sold | $390,000 | -6.9% | $120 / Sq Ft | View Prior Sale |
| 10/29/2012 10/29/12 | Pending | -- | -- | -- | |
| 09/10/2012 09/10/12 | For Sale | $419,000 | -- | $128 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26063406
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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