$2,950,000
$550K PRICE DROP

4151 3rd Ave Los Angeles, CA 90008

Leimert Park Neighborhood

Estimated payment $19,384/month

Total Views 1,158
6 Beds
19 Baths
14,900 Sq Ft
$198 Price per Sq Ft

About This Home

We are pleased to present this charming 1930s-era apartment building, ideally located just blocks from the vibrant heart of Leimert Park. This meticulously maintained property offers significant potential, with over 22% upside in current rental income.

Listing Agent

Michael Matthias

Keller Williams Beverly Hills License #01489863 Listed on: 06/04/2025

Keller Williams Beverly Hills

Co-Listing Agent

Eric Shaw Mercier

Xpert Home Realty License #01017647

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 7,785 Sq Ft Lot
  • Lot Dimensions are 60x130

Parking

  • 4 Car Garage

Home Design

  • Split Level Home

Interior Spaces

  • 14,900 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 19 Bathrooms

Utilities

  • Floor Furnace

Community Details

  • 19 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 5023-024-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 14900
  • Lot Acreage: 0.1787
  • Lot Dimensions: 60x130
  • Stories: 3
  • Year Built: 1930
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 19.00
  • Price Per S Q F T: 197.99

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 4

Utilities

  • Heating: Floor Furnace

Lot Info

  • Assessed Improvement Percent: 42.08
  • Assessed Improvement Value: 179486
  • Assessed Land Percent: 57.92
  • Assessed Land Value: 247004
  • Total Assessed Value: 426490
  • Assessor Parcel Number: 5023-024-014
  • Lot Size Area: 7785

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 11.40
  • Number Of Units: 19
  • Rent Control: 100
  • Total Annual Expense: 106674
  • Type Of Units: Apartments
  • Vacancy Rate: 4

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2025 06/04/25 Price Changed $2,950,000 0.0% $198 / Sq Ft
06/04/2025 06/04/25 For Sale $2,950,000 -9.4% $198 / Sq Ft
04/25/2025 04/25/25 Pending -- -- --
04/15/2025 04/15/25 Price Changed $3,255,000 -7.0% $218 / Sq Ft
03/13/2025 03/13/25 For Sale $3,500,000 -- $235 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25511578

The MLS

California Los Angeles County Los Angeles 90008 Leimert Park

4151 3rd Ave, Los Angeles, CA

This home is located at 4151 3rd Ave, Los Angeles, CA 90008 and is currently priced at $2,950,000, approximately $197 per square foot. This property was built in 1930. 4151 3rd Ave is a home located in Los Angeles County with nearby schools including Forty-Second Street Elementary School, Audubon Middle School, and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet.

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 MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Listing Agent
Michael Matthias
Section Image
Keller Williams Beverly Hills
(310) 995-8658