11429 Emelita Street, Los Angeles, California 91601, Los Angeles, 91601 - 2 bed, 1 bath
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11429 Emelita Street
Los Angeles, California 91601
ACTIVE
CONDITION: TEAR DOWN
2Beds
1Baths
920Sq Ft
7,003Lot Size
Property Price
LIST PRICE$1,299,000
SUMMARY
Analysis of 11429 Emelita Street, Los Angeles, California 91601 is currently available with a list price of $1,299,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1940 (>80 years old) with no mention of renovations. The listing focuses entirely on the R3 zoning, TOC Tier 1 status, and development potential, indicating the property is being sold for land value rather than the condition of the existing structure.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7003, living area = 920.
- High-Density Development Potential
The R3-zoned lot is situated in a Transit Priority Area and designated TOC Tier 1, offering significant density bonuses and multi-unit development opportunities in a prime North Hollywood location.
- Streamlined Entitlements
Eligibility for ED1, SB 35, and Ministerial Approval provides a faster, more predictable path for developers to secure project approvals, significantly reducing carrying costs and bureaucratic delays.
CONSRISKS & DEFICIENCIES
- Restricted Access
Interior inspections are strictly prohibited until an offer is accepted, requiring buyers to perform initial due diligence and valuation without a full physical assessment of the existing structure.
- Land-Value Pricing
The list price reflects the land's development potential rather than the utility of the 1940s home, making it unsuitable for traditional residential buyers or owner-occupants.
About 11429 Emelita Street
Single family home and a 7003 sq ft R3 lot offered for sale. PLEASE DO NOT GO ON THE PROPERTY OR DISTURB OCCUPANTS. This R3 zoned lot offers great potential for development. The property sits in a Transit Priority Area, is approved for Ministerial Approval with an affordable element,has potential for SB 35, has potential for AB 130, is designated TOC Tier 1, Moderate TCAC, is ED1 eligible, is in an Opportunity Zone, and has no rent control or relocation issues due to the SFR on the property. Buyers and their agents should satisfy themselves regarding all zoning ordinances, density allowed, relocation, etc. Tenants are month to month, and are not aware of the sale. Inside with accepted offer. Bring offers!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 7,003 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 920 | 1,664.159 |
| Lot Size | 7,003 | 6,066.556 |
| Price | $1.30M | $1.35M |
| Price per sq ft | $1.4K | $806 |
| Built year | 1940 | 1939 |
| HOA | $0 | $278 |
| Days on market | 9 | 55 |
Pricing History
Listed for Sale
Aug 31, 2026
$1,299,000
Initial Listing
Sold
Mar 11, 1994
$127,500
Public Record