
Los Angeles, California 90029
Exceptional development opportunity in the heart of Hollywood! This property presents a unique opportunity for an investor, developer, or builder looking to capitalize on significant future potential. The sale includes extensive architectural plans and renderings for the proposed development of TWO NEW THREE-STORY SINGLE-FAMILY RESIDENCES at 1141 and 1143 N Alexandria Ave. The plans envision approximately 3,154 SF and 3,210 SF residences, creating more than 6,300 SF of combined new construction. A substantial amount of the planning, design, engineering, and plan-check work has already been completed, giving the next owner a major head start compared with beginning a development from scratch. Architectural plans and renderings are included with the sale. This is an opportunity to acquire the property today and complete a thoughtfully designed new-construction project with substantial upside potential upon completion. Ideal for a buyer looking to create two modern residences in one of Los Angeles' most dynamic and centrally located neighborhoods. Plans, renderings, proposed square footage, development potential, permit status, and all other project information are subject to buyer verification with the City of Los Angeles and appropriate professionals.
Property is land value only, full reconstruction required.
Built in 1922, the existing structure is over 100 years old with no evidence of recent renovations. The listing is explicitly marketed as a development opportunity for new construction, including architectural plans for two new residences, indicating the value lies in the land rather than the current unrenovated building.
The property includes extensive architectural plans, renderings, and engineering for two new three-story residences, significantly reducing the lead time and soft costs for a developer.
Situated in a dynamic and centrally located neighborhood, the property offers high demand for modern new-construction housing in a core Los Angeles market.
With the potential to build over 6,300 combined square feet of new residential space, this project offers substantial profit margins upon completion compared to the acquisition price.
All plans and permit statuses are subject to buyer verification with the City of Los Angeles, which may lead to unforeseen delays or required modifications to the current designs.
The project requires significant additional liquidity for construction beyond the $1.1M purchase price, limiting the buyer pool to well-capitalized investors or developers.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-5 • 0.2 mi
Grades K-2 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,232 | 2,090.331 |
| Lot Size | 6,532 | 5,852.908 |
| Price | $1.10M | $830.9K |
| Price per sq ft | $493 | $394 |
| Built year | 1922 | 1928 |
| HOA | $0 | $0 |
| Days on market | 10 | 87 |
Oct 30, 2026
$1,100,000
Initial Listing