11250 Mississippi Avenue, Los Angeles, California 90025, Los Angeles, 90025 - 3 bed, 1 bath
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Los Angeles, California 90025
This RTI Development Asset represents a High-Potential Investment Opportunity with a List Price of $1,385,000, reflecting a strategic valuation aligned with its $1,341,457 Fair Market Value. As a Teardown Property with a Condition Rating of 6, the asset's value is anchored in nearly Ready-to-Issue plans for a four-unit luxury townhouse project. The design features private rooftop spaces with City Lights views and essential on-site parking. Located in the supply-constrained Sawtelle neighborhood near top-rated Franklin Elementary (9/10), this project is a premier acquisition for Real Estate Developers and Institutional Investors.
Property is land value only, full reconstruction required.
The listing explicitly states this is a 'teardown property' and the property analysis confirms 'Teardown Requirement & Demolition Costs'. Built in 1947, the existing structure is well over 50 years old, and the images show an older, modest home consistent with a property whose value is in the land and development potential, not the current dwelling.
Elementary School: Franklin Elementary School (9/10).
The property includes nearly Ready-to-Issue (RTI) plans for a modern four-unit apartment building, significantly de-risking and accelerating the development process for a luxury townhouse-style project.
Ideally located in the heart of Sawtelle, offering exceptional proximity to Sawtelle Boulevard's amenities, UCLA, Westwood, Brentwood, Santa Monica, and Century City, ensuring high demand for future units.
The existing property is a teardown, necessitating immediate demolition costs and precluding any potential for interim rental income from the current structure.
As a ground-up development opportunity, the project demands significant capital outlay for construction and project management beyond the initial land acquisition cost.
Despite the nearly RTI status, the project remains subject to typical construction risks, including potential cost overruns, material and labor fluctuations, and unforeseen delays during the build-out phase.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 3.0 | 12% |
| Square foot | 1,178 | 1,779 | 16% |
| Lot Size | 4,240 | 6,202 | 4% |
| Price | $1.39M | $1.92M | 12% |
| Price per sq ft | $1.2K | $1.1K | 64% |
| Built year | 1947 | 1938 | 76% |
| HOA | $0 | $0 | 50% |
| Days on market | 97 | 97 | 52% |
Mar 6, 2026
$1,385,000
$1,425,000
-3% Price Drop
Initial Listing
Jan 15, 2026
$1,425,000
Initial Listing
Apr 29, 2022
$1,050,000
Public Record