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1111 3rd Ave, Los Angeles, CA 90019

Sale Price: $2,140,000
May 25, 20244,262 sqft6 beds6 baths
Listed by: David Lao
License #: 00991605
Phone #: 626-922-4213
Berkshire Hathaway HomeServices California Properties
Source:
CRMLS Logo
MLS #: 24395939

Property Description

This exquisitely renovated duplex, located on a picturesque palm tree-lined street in Country Club Park, would make the Great Gatsby proud. Lovingly and painstakingly restored to its Roaring '20s glory, over a million dollars and countless hours of sweat equity have been invested by the owners to bring this property back to life. Every inch of this home has been meticulously refurbished. Best of all, the top unit featuring breathtaking views is vacant and ready for the buyer to reside in.The front yard boasts extensive cast-in-place concrete walls and steps, complemented by lush landscaping. Restored original oversized wooden entry doors lead to the home within. The expansive living room features a carefully restored Batchelder fireplace and wedding cake molding. Bathrooms and kitchens were taken down to the studs and updated with copper plumbing and comprehensive electrical rewiring and were renovated with the best of materials appropriate for the period. Numerous windows were either meticulously repaired or new ones were custom-made to match the original. Three sets of nine-pane glass French doors, stripped of paint and refinished, grace the living, dining, and office areas. Each floor's primary suite includes new construction, featuring a primary bathroom suite and closet addition. There is also a second suite on each floor. The chimney was rebuilt.An additional finished attic of approximately 484 square feet is not included in the assessor's figure and offers endless possibilities with split-system air conditioning and wood floors. The roof deck provides stunning views of Los Angeles and the Hollywood sign. The property also includes separate updated water, gas, and electrical meters, as well as a basement with a modernized furnace.An automatic custom wrought iron gate leads to a private backyard oasis, surrounded by mature trees and a blue stone patio with additional lush landscaping. A slate-style tile roof connects to copper rain gutters and downspouts. This HPOZ award-winning property boasts an impressive Walk Score of 83. Most importantly, owning this beautifully updated jewel box offers invaluable peace of mind for the privileged landlord.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$29,685

TurboHome Estimated Value

$2,064,500

$484 sqft

High Valuation
$2,167,725
$509/sqft
Normal Valuation
$2,064,500
$484/sqft
Low Valuation
$1,961,275
$460/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$484/sqft$2,064,500

Neighborhood: Mid City

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Comparative Value

$1.90M

$2.10M

$2.14M

$2.54M

$2.55M

1201 3rd Ave, Los Angeles, CA 90019

Sale Price: $1,900,000

Selected Comparable

4329 Victoria Park Dr, Los Angeles, CA 90019

Sale Price: $2,100,000

Selected Comparable

1111 3rd Ave, Los Angeles, CA 90019

Sale Price: $2,140,000

Selected Comparable

1111 3rd Ave, Los Angeles, CA 90019

List Price: $2,150,000

Subject Property

1615 S Victoria Ave, Los Angeles, CA 90019

Sale Price: $2,535,000

Selected Comparable

1215 S Wilton Pl, Los Angeles, CA 90019

Sale Price: $2,547,800

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1111 3rd Ave, Los Angeles, CA 90019

1111 3rd Ave, Los Angeles, CA 90019

List: $2,150,000

Listed: 5/25/2024

Area:4,262 sqft
Price/sqft:$504
Beds:6
Baths:6
Year Built:
Lot Size:7,916

Comparable Properties

COMPARABLE
Choose comps
1111 3rd Ave, Los Angeles, CA 90019

1111 3rd Ave, Los Angeles, CA 90019

Sale: $2,140,000

10/18/20240.00 mi

Area:4,262 sqft
Price/sqft:$502
Beds:6
Baths:6
Year Built:
Weight:24.5%
1201 3rd Ave, Los Angeles, CA 90019

1201 3rd Ave, Los Angeles, CA 90019

Sale: $1,900,000

6/6/20250.05 mi

Area:4,745 sqft
Price/sqft:$400
Beds:6
Baths:5
Year Built:
Weight:21.5%
1215 S Wilton Pl, Los Angeles, CA 90019

1215 S Wilton Pl, Los Angeles, CA 90019

Sale: $2,547,800

1/3/20250.27 mi

Area:4,022 sqft
Price/sqft:$633
Beds:6
Baths:5
Year Built:
Weight:20.5%
4329 Victoria Park Dr, Los Angeles, CA 90019

4329 Victoria Park Dr, Los Angeles, CA 90019

Sale: $2,100,000

7/15/20250.65 mi

Area:4,671 sqft
Price/sqft:$450
Beds:7
Baths:5
Year Built:
Weight:16.9%
1615 S Victoria Ave, Los Angeles, CA 90019

1615 S Victoria Ave, Los Angeles, CA 90019

Sale: $2,535,000

12/2/20240.76 mi

Area:3,719 sqft
Price/sqft:$682
Beds:5
Baths:6
Year Built:
Weight:16.6%

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