Excellent Cash Flow and ADU potential 1714 3rd Ave 6 Unit Apartment Building $1,250,000 ($208,333/Unit) 5.81% Cap Rate Los Angeles, CA 90019

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
A major value-add component is the completed architectural plans for conversion of the existing carport into a two-story ADU development totaling approximately 1,600 square feet. The proposed project consists of four new studio-style ADU units of approximately 400 square feet 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.