7040 3rd Avenue
Los Angeles, CA, 90043
$899,900
MLS: CV25250858
Beds
4
Baths
3
Sq Ft
1,588
Lot
0.14 ac
Year Built
1924
MLS #
CV25250858
Days on Market
159
Listed
Oct 30, 2025
Description
MAJOR PRICE IMPROVEMENT!! REMODELED HOME WITH PERMITTED ADU in Vibrant Hyde Park !! Fully remodeled front home consisting of a 2 bedroom and 2 full bathrooms and a fully permitted Accessory Dwelling Unit (ADU) with 2 bedrooms, 1 full bathroom and kitchen. This is a rare opportunity for savvy investors or homeowners seeking significant income potential and flexible living arrangements. Bright, open-concept living space with abundant natural light, modern finishes with brand new kitchen with stainless steel appliances, spacious bedrooms with a fantastic Master suite with a private bathroom. Situated in a central Los Angeles location just minutes away form major hubs and attractions for both owners and renters. Close proximity to SoFi Stadium, Intuit Dome, BMO Stadium, Exposition Park, USC Campus and various museums. Convenient distance to LAX and Downtown LA.
Location
Los Angeles, Los Angeles County, CA 90043
Open on Google Maps ↗Listed by: MIGUEL GARCIA · RE/MAX MASTERS REALTY
Payment estimate
$6,551
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $89,990 · Loan: $809,910
- Principal & Interest
- $4,976
- Property tax (1.25%)
- $937
- Homeowners insurance
- $300
- Mortgage insurance
- $337
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $31,497 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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