$9,488 Closing Credit¹
#SR24242642, Maor Katzman, Listing Office: Arch Realty Group
$1,129,000 List price
7040 3rd Ave Los Angeles, CA 90043
$10,000
Closing credit¹
4 beds
3 full
1,588 sqft
0.1 acres
$711 / sqft
Multi-Family
Property details
About 7040 3rd Ave
PRICE IMPROVEMENT !! Discover this beautifully remodeled home in the vibrant heart of Hyde Park, front house 2 bedroom 2 full bathrooms (master bedroom), Open-concept living space with abundant natural light, offering modern upgrades, stylish finishes, brand-new kitchen with stainless steel appliances, spacious bedrooms and elegant bathrooms with sleek finishes, energy efficient windows, updated flooring and fresh paint inside & out, and an incredible income opportunity with a separate brand-new Accessory Dwelling Unit (ADU) ideal for guests, extended family, or passive rental income. Large backyard great for entertaining guests or extra parking. Located close distance to SoFi Stadium, Intuit Dome, Exposition Park, Museums, BMO Stadium, LAX, Downtown LA, and MORE !!!
Highlights
Home typeDuplex
HeatingCentral
StatusActive
CoolingCentral Air
Size1,588 sqft
Lot size0.1378 Acres
Year built1924
ParkingDriveway
MLS #CV25059758
ViewMountain(s), Neighborhood
Summary
- Full Bathrooms: 3
- Appliances: Dishwasher, Gas Range, Microwave, Tankless Water Heater, Water Heater
- Interior: Breakfast Area, Unfurnished, All Bedrooms Down
- Fireplace: None
- Total Bedroom Count: 4
- Private Pool: No
- Parking: Driveway
- View: Mountain(s), Neighborhood
- Architectural Style: Spanish
- Heating: Central
- Cooling: Central Air
- List Price: $1,129,000
- Price/SqFt: $710
- Annual Tax Amount: $9,466
- Tax Year: 2024
- Lot: Back Yard, Front Yard
- Directions: North of Florence. West of Van Ness Ave
- Year Built: 1924
- Stories: 1
- Living Area: 1,588 SqFt
- Lot Size: 0.1378 Acres
- MLS Number: CV25059758
- MLS Name: CRMLS
- Office Name: RE/MAX MASTERS REALTY
- Office Email: MIGUELGARCIA@REMAX.NET
- Listing Agent: MIGUEL GARCIA
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2025, 2:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,129,000
7040 3rd Ave
$10,000
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 07, 2021 | Home Sold | $670,000 |
| May 05, 2021 | Home Sold | $620,000 |
| Jul 12, 2019 | Home Sold | $455,500 |
| Mar 29, 2004 | Home Sold | $260,000 |
| Oct 31, 2003 | Home Sold | $175,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $761,467 | $9,466 |
| 2023 | $697,067 | $9,288 |
| 2022 | $683,400 | $8,298 |
| 2021 | $460,218 | $5,682 |
| 2020 | $455,500 | $1,340 |
| 2019 | $331,372 | $4,081 |
| 2018 | $324,875 | $3,996 |
| 2017 | $318,506 | $3,996 |
History based on county public records data.
Nearby schools
5
Learning by Design Charter
Public Charter KG-5
0.1 mi
•7019 S Van Ness Ave
5
74th Street Elementary School
Public District KG-5
0.3 mi
•2112 W 74th St
4
Young Empowered Scholars Academy
Public District KG-5
0.6 mi
•3140 Hyde Park Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $22,066. Typical income of Los Angeles, CA residents is less than $<35k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
79%
<35k
10%
35k-100k
10%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
46%
Single, No Kids
22%
Single, with Kids
16%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
9%
12-17 yrs old
21%
18-34 yrs old
43%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Popeyes
Little Caesars
What do the neighbors drive?
Kia
Nissan
Dodge
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits- Soft Adult Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 7040 3rd Ave in Los Angeles, CA and zip code 90043 in the South LA neighborhood. This 1,588 square foot home, which was built in 1924, sits on a 0.14 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 20, 2025 and is currently priced at $1,129,000.
While more than 395 listings in Los Angeles, CA in April 2025 were sold above asking price, there were more than 148 listings sold at asking price, and more than 328 were sold below. Between March and April 2025, Los Angeles, CA real estate market has seen increase in the number of listings by 10.2%. In April 2025, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $896,516.
From Rocket Homes Real Estate and based on county public records data.