12330 Stanwood, Los Angeles, California 90066, Los Angeles, 90066 - 5 bed, 3 bath
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12330 Stanwood
Los Angeles, California 90066
ACTIVE
CONDITION: POOR
5Beds
3Baths
2,500Sq Ft
8,040Lot Size
Property Price
LIST PRICE$2,995,000
EST. MARKET VALUE
$2,770,567
8% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $2,995,000—positioned above the $2,763,973 Fair Market Value. Featuring R3-Zoning on a prime corner lot, this Fair Condition Rating asset offers significant upside for developers. The site supports a 10-unit apartment build or luxury townhomes, leveraging Ocean Views and TOC incentives to maximize density. With proximity to top-rated schools like Mar Vista Elementary, this is a strategic acquisition for Buy-and-Hold Investors or Professional Developers seeking to capture high-rent Westside demand.
Estimated Market Value
$2,770,567
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12330 Stanwood Subject 5 bd · 3 ba · 2,500 sqft · $1,108 | $2,995,000* List Price | 5 | 3 | 2,500 | $1,108 | - |
A 3158 Grand View Boulevard Sold 4 bd · 3 ba · 2,185 sqft · $1,041 · 0.1 mi | $2,275,000 | 4 | 3 | 2,185 | $1,041 | 0.1 mi |
B 12700 Westminster Avenue Sold 5 bd · 5 ba · 2,810 sqft · $1,023 · 0.6 mi | $2,875,000 | 5 | 5 | 2,810 | $1,023 | 0.6 mi |
C 11801 Rose Avenue Sold 3 bd · 2 ba · 1,880 sqft · $1,197 · 0.4 mi | $2,250,000 | 3 | 2 | 1,880 | $1,197 | 0.4 mi |
D 12134 Lawler Sold 4 bd · 4 ba · 3,437 sqft · $931 · 0.4 mi | $3,200,000 | 4 | 4 | 3,437 | $931 | 0.4 mi |
E 3605 South Barrington Avenue Active 3 bd · 2 ba · 2,178 sqft · $1,056 · 0.8 mi | $2,299,000 List Price | 3 | 2 | 2,178 | $1,056 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1947, this 77-year-old structure is marketed primarily as a development site for a 10-unit apartment building. The exterior shows significant staining and deferred maintenance, while the 7-bedroom configuration in 2,500 sqft suggests a non-standard, dated interior requiring a total rehab or demolition to achieve highest and best use.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Development Potential
The R3 zoning on a premium corner lot allows for high-density development of up to 10 units or luxury townhomes, bypassing lengthy variances to maximize investment returns.
- Prime Westside Location
Situated in a highly coveted Mar Vista neighborhood, the property offers rare ocean views from every level and immediate proximity to Santa Monica, Venice, and major tech hubs.
- Versatile Investment Strategies
The property supports multiple high-yield paths, including leveraging TOC incentives for increased density, adding multiple ADUs, or remodeling the existing 7-bedroom structure.
CONSRISKS & DEFICIENCIES
- High Entry Cost for Age
At a list price of nearly $3 million, the 1947-built structure requires significant additional capital for either a full-scale modernization or complete redevelopment.
- Development Complexity
Navigating Los Angeles building codes, TOC incentive requirements, and potential tenant relocation issues adds layers of complexity and time to the project timeline.
About 12330 Stanwood
DEVELOPMENT OPPORTUNITY FOR SALE! CORNER LOT/R3-ZONED/TOC AND ED1 ELIGIBLE/BREEZY OCEAN VIEWS/OWNER-OCCUPIED PROPERTY IN PRIME MAR VISTA HILL NEIGHBORHOOD! Whether you Build to Rent, Build to Sell, or Remodel to Dwell as your Primary Residence, your investment in this prime corner lot screams Success! Potential for Strong Long-Term Investment Returns. Capitalize on current LA city directives to fast-track approval to build a 100% Affordable Housing PLUS leverage the Transit Oriented Communities (TOC) incentives to significantly increase your unit count from 10 to 17, unlock height extensions, and eliminate strict parking minimums. Premium R3 Zoning allowing you to bypass lengthy zoning variances to build multi-unit apartment complex and Capture the Westside’s booming high-rent, low-vacancy rental and resale market. Or subdivide and build Luxury Multi-Story Townhomes with Ocean Views, providing maximum buildable square footage. Or remodel the existing residence and Enjoy Ocean Views from Every Level currently configured as 7 bedrooms with 3 full baths! Add a Rooftop Deck with Firepit and Jacuzzi for a Panoramic Sanctuary! Add 2 more ADUs in addition to the existing garage ADU conversion for extra Cash Flow! Walking distance to Santa Monica College and centrally located between Santa Monica, Venice, Marina Del Rey, Culver City, Westwood, Brentwood, Beverly Hills, and Century City. Enjoy trendy shops, restaurants and nightlife along Venice Blvd. and the ever-popular Sunday Farmers Market at the bottom of Grand View Blvd! PLEASE BE COURTEOUS AND DO NOT DISTURB OCCUPANTS.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 8,040 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Mar Vista Elementary School
Grades K-5 • 0.4 mi
8/10
Walgrove Avenue Elementary School
Grades K-5 • 0.9 mi
4/10
Beethoven Street Elementary School
Grades K-5 • 0.9 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,500 | 1,670.836 |
| Lot Size | 8,040 | 6,152.156 |
| Price | $3.00M | $1.34M |
| Price per sq ft | $1.2K | $807 |
| Built year | 1947 | 1941 |
| HOA | $0 | $238 |
| Days on market | 54 | 56 |
Pricing History
Listed for Sale
Sep 16, 2026
$2,995,000
Initial Listing
Sold
Jul 26, 1999
$379,000
Public Record