11250 Mississippi Avenue, Los Angeles, California 90025, Los Angeles, 90025 - 3 bed, 1 bath
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Los Angeles, California 90025
This property presents a High-Potential Investment Opportunity with a List Price of $1,375,000—positioned well below the $1,387,972 Fair Market Value by 0.94%. Featuring nearly Ready-to-Issue (RTI) plans for a four-unit luxury townhouse development, this Condition Rating 6 asset offers a streamlined path to high-demand new construction. With private rooftop decks and on-site parking in the prime Sawtelle submarket, this project is designed for maximum yield. It is an ideal acquisition for Real Estate Developers or Buy-and-Hold Investors targeting West LA.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11250 Mississippi Avenue Subject | $1,375,000* List Price | 3 | 1 | 1,178 | $1,178 | - |
A 11250 Mississippi Avenue Active | $1,385,000 List Price | 3 | 1 | 1,178 | $1,176 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1947 and over 75 years old with no recorded renovations, the listing explicitly identifies the property as a teardown. It is being marketed as a development opportunity for its land value and nearly Ready-to-Issue (RTI) plans for a new four-unit building.
Elementary School: Franklin Elementary School (9/10).
The property is sold with nearly Ready-to-Issue (RTI) plans for a four-unit luxury townhouse project, significantly reducing entitlement timelines and carrying costs for developers.
Situated in the heart of Sawtelle, the property boasts a high-demand location with immediate proximity to major employment hubs including UCLA, Century City, and Santa Monica.
The existing 1947 structure is a teardown, meaning the property provides no immediate rental income and requires significant upfront capital for demolition and new construction.
At 4,240 square feet, the lot size is relatively small for a multi-unit development, which may present logistical challenges during the construction phase and limits outdoor common space.
11250 Mississippi presents an exceptional development opportunity in prime West Los Angeles featuring a nearly Ready-to-Issue (RTI) project. The offering includes a teardown property with three bedrooms and two bathrooms. The included plans are for a modern four-unit apartment building designed for luxury townhouse-style living. Each unit is approximately 1,400 square feet with 2 bedrooms and 2.5 bathrooms, complemented by approximately 600 square feet of private rooftop space ideal for indoor-outdoor entertaining. The project also includes two on-site parking spaces per unit, a highly sought-after amenity in this submarket. Ideally located in the heart of Sawtelle, just moments from Sawtelle Boulevard's renowned dining and shopping, and minutes from UCLA, Westwood, Brentwood, Santa Monica, and Century City, this nearly RTI project offers a rare opportunity for developers to deliver high-demand new construction in one of West LA's most desirable and supply-constrained neighborhoods.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-6 • 0.8 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,178 | 1,672 |
| Lot Size | 4,240 | 6,067 |
| Price | $1.38M | $1.37M |
| Price per sq ft | $1.2K | $801 |
| Built year | 1947 | 1939 |
| HOA | $0 | $348 |
| Days on market | 14 | 56 |
Jul 8, 2026
$1,375,000
Initial Listing
Apr 29, 2022
$1,050,000
Public Record