11527 Stamy Road, La Mirada, California 90638, La Mirada, 90638 - 1 bed, 1 bath
ACTIVE$698,000
11527 Stamy Road, La Mirada, California 90638
1Bed
1Bath
1,024Sqft
22,474Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
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 = 22474, living area = 1024.
Top Cons:
Non-Residential Current Structure: The existing 1948 structure is classified as a textile building, not a residential home, necessitating demolition or extensive conversion for residential use.
Compared to the nearby listings
Price:$698.0K vs avg $900.0K ($-202,000)4%
Size:1,024 sqft vs avg 1,586 sqft1%
Price/sqft:$682 vs avg $58384%
More Insights
Built in 1948 (77 years old).
Condition: The MLS description explicitly states that the current structure, built in 1948, is registered as a textile building and is not classified as a residential home, meaning it cannot be rented out. While the kitchen appears to have some recent updates (cabinets, appliances, backsplash), the rest of the interior shown in the images features unfinished concrete floors, exposed brick walls, and an entirely unfinished room with exposed framing. The property is presented as an opportunity to 'design and build your own custom dream estate,' indicating that the value lies in the land and its redevelopment potential, not the existing structure. This aligns perfectly with the 'tear-down' criteria, where the structure is beyond repair for residential use and the value is based solely on the land.
Year Built
1948
Close
-
List price
$698K
Original List price
$698K
Price/Sqft
$682
HOA
-
Days on market
-
Sold On
-
MLS number
PW25073547
Home ConditionTear down
Features
View-
About this home
This exceptional property presents a rare opportunity to create your dream estate. Design and build your own custom horse property complete with stables tailored to your needs. The expansive lot offers endless possibilities. According to the City of Lamira, once a new home is built and has been in place for at least three years, you may be eligible to add an ADU and split the lot for separate sale. Please note: The current structure on the property is registered as a textile building and is not classified as a residential home. As such, it cannot be rented out per city regulations.
Nearby schools
6/10
Scott Avenue Elementary School
Public,•K-5•0.3mi
7/10
John Foster Dulles Elementary School
Public,•K-5•1.2mi
8/10
Granada Middle School
Public,•6-8•0.3mi
5/10
Reginald M. Benton Middle School
Public,•6-8•1.1mi
1/10
El Camino High (Continuation) School
Public,•9-12•1.0mi
7/10
La Mirada High School
Public,•9-12•1.3mi
8/10
La Serna High School
Public,•9-12•2.0mi
Condition Rating
Tear down
The MLS description explicitly states that the current structure, built in 1948, is registered as a textile building and is not classified as a residential home, meaning it cannot be rented out. While the kitchen appears to have some recent updates (cabinets, appliances, backsplash), the rest of the interior shown in the images features unfinished concrete floors, exposed brick walls, and an entirely unfinished room with exposed framing. The property is presented as an opportunity to 'design and build your own custom dream estate,' indicating that the value lies in the land and its redevelopment potential, not the existing structure. This aligns perfectly with the 'tear-down' criteria, where the structure is beyond repair for residential use and the value is based solely on the land.
Pros & Cons
Pros
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 = 22474, living area = 1024.
Significant Development Potential: This property offers a rare opportunity to design and build a custom dream estate from the ground up, tailored to specific needs and preferences.
Expansive and Versatile Lot: The large 22,474 sqft lot provides ample space for extensive landscaping, custom amenities, and various architectural designs.
Horse Property Capability: Explicitly highlighted as suitable for developing a custom horse property, including the construction of stables.
Future ADU and Lot Split Eligibility: City regulations allow for potential eligibility to add an ADU and split the lot for separate sale after a new home is established, offering significant future value and flexibility.
Investment Opportunity: Ideal for an owner-builder or developer seeking to create substantial equity through custom construction and potential future subdivision.
Cons
Non-Residential Current Structure: The existing 1948 structure is classified as a textile building, not a residential home, necessitating demolition or extensive conversion for residential use.
No Immediate Habitable Residence or Rental Income: The current structure cannot be rented out per city regulations and is not classified for residential living, meaning no immediate occupancy or income generation.
Extensive Development Required: This is not a move-in ready property; it demands a complete design and build process, including significant capital investment, permits, and construction time.