1714 3rd Ave Los Angeles, CA 90019
Arlington Heights NeighborhoodEstimated payment $8,134/month
About This Home
Prime Mid-City 6-unit investment opportunity with significant value-add potential. The property features an excellent unit mix of six 1-bedroom/1-bath units situated on an oversized 5,962 SF LARD2-zoned lot. Four of the six units have been fully remodeled within the past five years, while recent capital improvements include an upgraded electrical panel, all new electrical breakers, and brand-new water heaters, reducing future maintenance costs. Total Current Rental Income is $9,295/month** There is a current proposal for conversion of the existing carport into a two-story ADU development of approximately 1,600 Sq. Ft. . The proposed project consists of four 1-bedroom ADU units of approximately 400 SF each, offering substantial upside in rental income and overall property value (buyer to verify). Ideally located in the heart of Mid-City, the property offers convenient access to Downtown Los Angeles, Culver City, Miracle Mile, Koreatown, and numerous employment centers. Strong rental demand, an excellent central location, and future ADU potential make this an outstanding opportunity for both long-term investors and value-add buyers seeking immediate upside. SEE SUPPLEMENTS FOR OFFERING MEMORANDUM
Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 951-902-3006 License #02103055 Listed on: 07/22/2026
Co-Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 951-902-3006 License #01315042
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
- 6 Bedrooms
- 6 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 14 / B
- Tax Tract Number 2181
- Assessor Parcel Number 5072031014
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- 6 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- Gardener Expense $1,200
- Insurance Expense $3,807
- Maintenance Expense $3,900
- Professional Management Expense $5,298
- Water Sewer Expense $6,600
- New Taxes Expense $16,000
- Operating Expense $36,805
- Gross Income $111,540
- Net Operating Income $69,158
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/22/2026 07/22/26 | For Sale | $1,250,000 | +7.8% | $378 / 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 |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,160,000 | North American Title | |
| Grant Deed | $795,000 | Ticor Title | |
| Grant Deed | $390,003 | Fidelity Van Nuys | |
| Grant Deed | $410,000 | North American Title Co |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $870,000 | Commercial | |
| Previous Owner | $460,000 | Commercial | |
| Previous Owner | $545,000 | Commercial | |
| Previous Owner | $200,000 | Commercial | |
| Previous Owner | $253,500 | Commercial | |
| Previous Owner | $165,000 | Commercial | |
| Previous Owner | $270,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26149935
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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