1012 Van Pelt Avenue, Los Angeles, California 90063, Los Angeles, 90063 - 2 bed, 1 bath
ACTIVE$499,000
1012 Van Pelt Avenue, Los Angeles, California 90063
2Beds
1Bath
882Sqft
4,263Lot
Year Built
1940
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
$566
HOA
-
Days on market
-
Sold On
-
MLS number
SB24165255
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 9% below the list price. We found 2 Cons,3 Pros. Rank: price - $499.0K(17th), sqft - 882(25th), beds - 2(37th), baths - 1(42th).
Great opportunity to build your dream property sits on a great location corner lot adjacent to a park , close to transportation and schools plans ready to resubmit for a house and adu
Price History
Date
Event
Price
09/30/25
Sold
$285,000
02/05/14
Sold
$175,000
04/27/12
Sold
$75,000
Condition Rating
Poor
The property was built in 1940 and the listing description indicates it's an opportunity to build a dream property, suggesting the existing structure requires substantial work. The phrase 'plans ready to resubmit' implies the current structure may not be up to code or desirable. Without interior images, and based on the age and description, it's likely the property requires significant repairs and rehabilitation, placing it in the 'poor' condition category.
Pros & Cons
Pros
Development Potential: The property presents a great opportunity for new construction, with plans ready to resubmit for a house and ADU, maximizing its potential value.
Prime Location: Located on a corner lot adjacent to a park, the property benefits from increased visibility and access to green space, enhancing its desirability.
Convenient Access: Proximity to transportation and schools makes this location highly convenient for residents, appealing to families and commuters.
Cons
Existing Structure: The existing structure is a 2 bed 1 bath house with 882 sqft, which may require demolition or significant renovation to align with new construction plans.
Construction Required: The property requires construction to realize its full potential, which involves time, resources, and potential permitting challenges.