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7051 3Rd Ave, Los Angeles, CA 90043
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7051 3Rd Ave Los Angeles, CA 90043

$1,750,000
  • 5 Beds
  • 3 Baths
  • 4,808 Sq.Ft.
For Sale
$1,750,000 Get Pre-Qualified
Map preview of 7051 3Rd Ave, Los Angeles, CA 90043

Property Overview: 7051 3Rd Ave Los Angeles, CA has 5 bedrooms, 3 bathrooms, 4,808 living square feet and 8,089 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to 7051 3rd Ave., a prime mixed-use building nestled in the vibrant heart of Los Angeles. This versatile property offers a unique opportunity for an owner-user taking advantage of SBA financing, investors, entrepreneurs, and developers alike. Featuring a strategic location, 90043 zip code, this property enjoys excellent visibility and accessibility; Sofi Stadium, Intuit Dome, The Forum, USC, Inglewood Transit Line, Edward Vincent Park, Leimert Park Village, Baldwin Hills Crenshaw Plaza and more… The commercial building is ideal for retail, office space, or a restaurant (commercial hood exists) + detached residential triplex. Triplex mix is a 3/1 + (2) 1/1’s. Rare opportunity to acquire a virtually vacant property in a growth trending neighborhood. Currently one tenant in place renting one of the one bedroom units. Commercial building is has it's own addresses of 2501, 2503 Florence Ave., is approx 2,808 square feet and offers 70' of frontage. Zoning LA C2. Corner Lot. Per architect / land use consultant for multifamily development option: Yield may be 23-83 potential units. Buyer to verify, listing agent has not verified and does not warrant accuracy of this information. Each unit has individual gas and electric meters. One water meter. Inside laundry for 3 bedroom apartment and commercial building. Priced at a conservative proforma 5 CAP this property offers a unique and rare opportunity that offers a plethora of options.

Listed by Paul Purunjian | BRE #01417303 | Purunjian Inc.
Last checked: 14 minutes ago | Last updated: February 29th, 2024 | Source CRMLS | DOM: 51
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Home details

Lot Sq. Ft
8,089
HOA Dues
$0/mo
Year built
1951
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
PW24036337
City
Los Angeles
County
Los Angeles
Time on Site
65 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: --
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,700
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Actual Rent: $2,750
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $5,054
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 7051 3Rd Ave

Interior Features
Laundry Information
  • Individual Room
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 4
  • Parcel Number: 4008022004
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Florence / Van Ness
View more facts & features

Local Los Angeles Agent

Sale History for 7051 3Rd Ave

Last leased for $1,700 on November 15th, 2022

  • April, 2024

  • Apr 12, 2024

    Date

    Canceled

    CRMLS: PW24041504

    $1,750,000

    Price

  • Feb 29, 2024

    Date

    Active

    CRMLS: PW24041504

    $1,750,000

    Price

  • Listing provided courtesy of CRMLS

  • February, 2024

  • Feb 26, 2024

    Date

    Active

    CRMLS: PW24036337

    $1,750,000

    Price

  • January, 2024

  • Jan 24, 2024

    Date

    Active

    CRMLS: SB24014959

    $2,750

    Price

  • Listing provided courtesy of CRMLS

    Check out this 3 bedroom 1 bathroom apartment in Los Angeles. This is a top floor unit, meaning no footsteps above, and no shared walls! The freshly painted unit features hardwood flooring throughout, blinds for your privacy and comfort, and a nice, deep mirrored closet. Each bedroom includes an AC wall unit. The kitchen showcases quartz counter-tops, a double sink, handsome wood cabinets, a stainless steel stove and refrigerator. Bathroom includes vanity like lighting and a ample stand-up shower. Located near Hyde Park Branch Library, Edward Vincent Jr. Park, Harvard Park, Mann UCLA Community School and all the food and shops this area has to offer.

  • November, 2022

  • Nov 15, 2022

    Date

    Leased

    CRMLS: 22187644

    $1,700

    Price

  • Aug 8, 2022

    Date

    Active

    CRMLS: 22187644

    $1,700

    Price

  • Listing provided courtesy of CRMLS

    Cozy 1 bedroom 1 bath unit in a convenient Hyde Park location. Close to The Forum and SoFi Stadium. Newly painted with updated kitchen with granite countertops and newer appliances. The bedroom has its own wall AC unit with remote. Laminate hardwood floors though out.

  • October, 2022

  • Oct 12, 2022

    Date

    Leased

    CRMLS: 22187382

    $2,800

    Price

  • Aug 8, 2022

    Date

    Active

    CRMLS: 22187382

    $2,800

    Price

  • Listing provided courtesy of CRMLS

    Charming 3 bedroom 1 bath upstairs unit in convenient Hyde Park location. Close to The Forum and SoFi Stadium. Beautiful views of Downtown LA from the back entry. Updated kitchen with granite countertops and newer appliances. Each bedroom, as well as the sitting/living room, has its own wall AC unit with remote. Bathroom has a tub/shower as well a separate shower.

  • September, 2022

  • Sep 15, 2022

    Date

    Leased

    CRMLS: 22187585

    $1,700

    Price

  • Aug 8, 2022

    Date

    Active

    CRMLS: 22187585

    $1,700

    Price

  • Listing provided courtesy of CRMLS

    Cozy 1 bedroom 1 bath unit in a convenient Hyde Park location. Close to The Forum and SoFi Stadium. Newly painted with updated kitchen with granite countertops and newer appliances. The bedroom has its own wall AC unit with remote. Laminate hardwood floors though out.

  • June, 2021

  • Jun 22, 2021

    Date

    Sold

    CRMLS: 21724492

    $1,120,000

    Price

  • May 13, 2021

    Date

    Active Under Contract

    CRMLS: 21724492

    $999,999

    Price

  • Apr 28, 2021

    Date

    Active

    CRMLS: 21724492

    $999,999

    Price

  • Listing provided courtesy of CRMLS

    Are you looking for a potential Redevelopment Opportunity? Look NO further. Located MINUTES away from Inglewood's New So-Fi Stadium, we are pleased to Offer for Sale, a 100% VACANT, LAC2-1VL-CPIO (Mixed-Use Limited Commercial) zoned:2501 W. Florence Ave, 1.5 story Commercial Building (2,272 sqft) has a commercial kitchen with upstairs Artist Loft (616 sqft) =3,232 sqft and 7051-7055 3rd Ave, 2-story Triplex (1,920 sqft), (3+1) bed/bath unit on second floor & two (1+1) bed/bath units on first floor-all units are sub-metered for gas & electricity. Triplex was renovated in 2016: dual pane windows, granite counters, cabinets, updated plumbing, new roof, appliances, hardwood floors, doors, etc. TOTAL 4,808 sqft w/gated 6+parking on 8,087 sqft corner lot located on Florence/3rd Ave w/neighboring Multifamily properties on Florence and on 3rd Ave, a residential street full of Pride of Ownership landscaped beautiful Spanish SFR homes. NOT INTERESTED in Developing? THEN this property is also ideal for:Community Organization ,as a Rehab Center, Retail, Creative Office space, or a GREAT Owner-User Opportunity (house your business, live in one of the units AND have multiple tenants)!This property was previously used as a 14-bed transitional shelter & supportive services for female Veterans. Prior usage as a Speakeasy establishment. Buyer to perform own due diligence

  • June, 2021

  • Jun 21, 2021

    Date

    Sold

    CRMLS: 21724648

    $1,120,000

    Price

  • Apr 21, 2021

    Date

    Active

    CRMLS: 21724648

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Located MINUTES away from Inglewood's New So-Fi Stadium, is a potential Redevelopment Opportunity! Property is 100% VACANT, zoned LAC2-1VL-CPIO (Mixed-Use Limited Commercial). Bldg#1:2501 W. Florence Ave is a 1.5 story Commercial Building (2,272 sqft) w/ a commercial kitchen & upstairs Artist Loft (616 sqft) =3,232 sqft. Bldg #2:7051-7055 3rd Ave is a 2-story Triplex (1,920 sqft): (3+1) bed/bath unit on second floor & two (1+1) bed/bath units on first floor. All 3 units are sub-metered for gas & electricity. The Triplex was renovated in 2016: dual pane windows, granite counters, cabinets, updated plumbing, new roof, appliances, hardwood floors, doors, etc. TOTAL Bldg Sqft = 4,408. Gated 6+parking on 8,087 sqft corner lot located on Florence/3rd with neighboring Multifamily properties on Florence & on 3rd Ave, a residential street full of Pride of Ownership landscaped beautiful Spanish SFR homes . NOT INTERESTED in Developing? THEN this property is also ideal for: Community Organization ,as a Rehab Center, Retail, Creative Office space, or a GREAT Owner-User Opportunity (house your business, live in one of the units AND have multiple tenants)! This property was previously used as a 14-bed transitional shelter & supportive services for female Veterans. Prior usage as a Speakeasy establishment. 6.99 CAP Rate (estimate). Buyer to perform own due diligence

  • April, 2021

  • Apr 17, 2021

    Date

    Canceled

    CRMLS: 21715008

    $1,090,000

    Price

  • Apr 5, 2021

    Date

    Active

    CRMLS: 21715008

    $1,090,000

    Price

  • Listing provided courtesy of CRMLS

    Rare opportunity to purchase an income property( TRIPLEX) and COMMERCIAL BUILDING. Located in the up-and-coming neighborhood , minutes away from Inglewood and the New So-Fi stadium, this is the one you've been waiting for! The 2 story triplex ( VACANT) was updated in 2010 featuring: newer roof, updated plumbing, updated electrical, All units have split system Ac/Heat, Dual Pane windows, hardwood floors and separately metered. 2501 Florence: The commercial building (VACANT- approximately 1,920 sqft, ) is a high traffic location with endless possibilities. Parking for 10+ cars and gated. Perfect for Investors, Builders, or a project. This is a lifetime opportunity and not to be missed! Motivated Seller!!

  • April, 2021

  • Apr 5, 2021

    Date

    Canceled

    CRMLS: 21697666

    $1,150,000

    Price

  • Mar 22, 2021

    Date

    Price Change

    CRMLS: 21697666

    $1,150,000

    Price

  • Feb 25, 2021

    Date

    Active

    CRMLS: 21697666

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Rare opportunity to purchase an amazing updated income property( TRIPLEX) and COMMERCIAL BUILDING. Located in the up-and-coming neighborhood , minutes away from Inglewood and the New So-Fi stadium, this is the one you've been waiting for! The 2 story triplex was updated in 2010 featuring: newer roof, updated plumbing, updated electrical, All units have split system Ac/Heat, Dual Pane windows, hardwood floors and separately metered. 2501 Florence: The commercial building ( approximately 1,920 sqft, ) is a high traffic location with endless possibilities. Parking for 10+ cars and gated. Vacant. Perfect for Investors, Builders, or a project. This is a lifetime opportunity and not to be missed! Motivated Seller!!

  • February, 2021

  • Feb 25, 2021

    Date

    Canceled

    CRMLS: 20628554

    $1,200,000

    Price

  • Feb 18, 2021

    Date

    Price Change

    CRMLS: 20628554

    $1,200,000

    Price

  • Feb 5, 2021

    Date

    Active

    CRMLS: 20628554

    $1,350,000

    Price

  • Listing provided courtesy of CRMLS

    Rare opportunity to purchase an amazing updated income property( TRIPLEX) and COMMERCIAL BUILDING. Located in the up-and-coming neighborhood , minutes away from Inglewood and the New So-Fi stadium, this is the one you've been waiting for! The 2 story triplex was updated in 2010 featuring: newer roof, updated plumbing, updated electrical, All units have split system Ac/Heat, Dual Pane windows, hardwood floors and separately metered. 2501 Florence: The commercial building ( approximately 1,920 sqft, ) is a high traffic location with endless possibilities. Parking for 10+ cars and gated. Views to DTLA. Delivered Vacant. This is a lifetime opportunity and not to be missed!

  • February, 2021

  • Feb 24, 2021

    Date

    Active

    CRMLS: 21697674

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    WOW!!!Rare opportunity to purchase an amazing updated income property( TRIPLEX) and COMMERCIAL BUILDING. Located in the up-and-coming neighborhood , minutes away from Inglewood and the New So-Fi stadium, this is the one you've been waiting for! The 2 story triplex was updated in 2010 featuring: newer roof, updated plumbing, updated electrical, All units have split system Ac/Heat, Dual Pane windows, hardwood floors and separately metered. 2501 Florence: The commercial building ( approximately 1,920 sqft, ) is a high traffic location with endless possibilities. Parking for 10+ cars and gated. Views to DTLA. Delivered Vacant. This is a lifetime opportunity and not to be missed!

  • February, 2021

  • Feb 5, 2021

    Date

    Canceled

    CRMLS: 20628218

    $1,350,000

    Price

  • Feb 4, 2021

    Date

    Active

    CRMLS: 20628218

    $1,350,000

    Price

  • Dec 15, 2020

    Date

    Pending

    CRMLS: 20628218

    $1,350,000

    Price

  • Sep 29, 2020

    Date

    Active Under Contract

    CRMLS: 20628218

    $1,350,000

    Price

  • Sep 4, 2020

    Date

    Active

    CRMLS: 20628218

    $1,350,000

    Price

  • Listing provided courtesy of CRMLS

    BACK ON THE MARKET!! Subject to cancelation of previous buyer..Rare opportunity to purchase an amazing updated income property( TRIPLEX) and COMMERCIAL BUILDING. Located in the up-and-coming neighborhood , minutes away from Inglewood and the New So-Fi stadium, this is the one you've been waiting for! The 2 story triplex was updated in 2010 featuring: newer roof, updated plumbing, updated electrical, All units have split system Ac/Heat, Dual Pane windows, hardwood floors and separately metered. 2501 Florence: The commercial building ( approximately 1,920 sqft, ) is a high traffic location-currently used as an administrative office with a culinary kitchen, and loft apartment , endless possibilities. Parking for 10+ cars and gated. Views to DTLA. Delivered Vacant. This is a lifetime opportunity and not to be missed!

  • September, 2020

  • Sep 4, 2020

    Date

    Active

    CRMLS: 20628562

    $1,350,000

    Price

  • Listing provided courtesy of CRMLS

    Rare opportunity to purchase an amazing updated income property( TRIPLEX) and COMMERCIAL BUILDING. Located in the up-and-coming neighborhood , minutes away from Inglewood and the New So-Fi stadium, this is the one you've been waiting for! The 2 story triplex was updated in 2010 featuring: newer roof, updated plumbing, updated electrical, All units have split system Ac/Heat, Dual Pane windows, hardwood floors and separately metered. 2501 Florence: The commercial building ( approximately 1,920 sqft, ) is a high traffic location with endless possibilities. Parking for 10+ cars and gated. Views to DTLA. Delivered Vacant. This is a lifetime opportunity and not to be missed!

  • March, 2000

  • Mar 7, 2000

    Date

    Sold (Public Records)

    Public Records

    $250,000

    Price

Show More

Tax History for 7051 3Rd Ave

Assessed Value (2020): $380,347
Year Land Value Improved Value Assessed Value
2020 $196,747 $183,600 $380,347

Home Value Compared to the Market

This property vs the competition

7051 3Rd Ave is listed 41.59% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $363.98 per/sqft which puts the price per square foot 52.91% lower than the median price per square foot for the city of Los Angeles.

About 7051 3Rd Ave

Detailed summary of property

7051 3Rd Ave is a mixed use located in Los Angeles, CA 90043 and is currently for sale. This mixed use property offers 5 bedrooms, 3 bathrooms, roughly 4,808 living square feet, and sits on an approximately 8,089 square foot lot. 7051 3Rd Ave was first listed on ArdentRealEstateGroup.com on February 26, 2024. The homeowner is currently asking $1,750,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 41.59% higher than the median priced home. Local competing homes currently for sale include 317 W 56th St, 8273 S San Pedro and 8273 S San Pedro. While the average home in Los Angeles, CA is selling in 96 days, 7051 3Rd Ave has a days on market of 51 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 7051 3Rd Ave Los Angeles, CA 90043 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 7051 3Rd Ave

Public county record property details
Beds
--
Baths
--
Year built
1951
Sq. Ft.
4,808
Lot Size
8,087
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
7,8
APN
4008-022-004

The source for these homes facts are from public records.

90043 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$945,000
Median List Price/Sq.Ft.
$588
Median Sold Price
$727,000
Median Sold Price/Sq.Ft.
$516
Total Inventory
80
Median Sale to List Price %
96.93%
Avg Days on Market
46
Loan Type
Conventional (25%), FHA (6.25%), VA (0%), Cash (31.25%), Other (6.25%)

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Recently Sold Homes Near 7051 3Rd Ave

2618 W Florence Ave, Los Angeles, CA 90043
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2813 W Florence Ave
Los Angeles, CA 90043
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Los Angeles, CA 90043

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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