
Los Angeles, California 90066
This Dual-Residence Residential Income Property represents a Strong Value Opportunity, listed at $2,299,000—positioned well below the $2,294,808 Fair Market Value (priced at market stability). Featuring a Good Condition Rating, the property includes a modernized 1940s front home and a spacious 2000-built rear residence. With R1.5 Zoning and a 6,752 sq ft lot, it offers significant redevelopment potential. Located near top-rated schools like Mar Vista Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating asset in a high-demand neighborhood.
Property is move-in ready.
The property features two well-maintained homes. The front 1940s residence has been updated with a modern kitchen, renovated bathrooms, and a central HVAC system. The rear residence, built in 2000, is 24 years old but appears move-in ready with hardwood floors and functional systems, balancing the overall condition to 'Good' despite the age of the structures.
The property features two legal, detached homes on a single lot, providing exceptional flexibility for multi-generational living or significant rental income potential in a high-demand neighborhood.
Offered at the lowest price per square foot in the desirable Mar Vista area, this listing represents a rare value-add opportunity for a high-square-footage residential income property.
The R1.5 zoning designation offers significant long-term upside for investors or developers looking to capitalize on increased density and future land use opportunities.
The R1.5 zoning requires extensive buyer due diligence with the city to navigate specific regulations and restrictions, which may complicate immediate development or expansion plans.
With two substantial residences occupying a 6,752 sq ft lot, the available yard space is restricted to smaller patios, which may not appeal to buyers seeking a traditional large backyard.
Rare opportunity to own two legal houses on one lot in desirable Mar Vista neighborhood! The lowest price per sq ft in the area! The front home is a cozy single story 3 Br, 2.5 Ba, 1,222 sq ft home. The home is highlighted by wood floors, modern kitchen and bathrooms, smooth ceilings and central HVAC system. It features two private patios on the front and the rear of the house. Upon entering through the side gate at the front of the property, a long driveway leads you towards the rear, revealing a 2-story residence that was built in 2000 with 2,326 sq ft of spacious floorplan. Boasting 3 bedrooms, 2.5 bathrooms, and an attached 2-car garage. This home exudes elegance with its hardwood floors, graceful arched walkways, intricate moldings, and abundant character. Enjoy the warmth of two delightful fireplaces located in the primary bedroom and living area. There are 3 Brs and 2 Bas upstairs and a well-appointed kitchen, dining space, family room, and office area on the main level. Step outside and find your own serene retreat—a charming rear patio oasis perfect for soaking up the sun, enjoying a peaceful morning coffee, or hosting intimate gatherings. Property is Zoned R1.5 offering a potential for redevelopment. Buyer to perform your own due diligence with the city to comprehend the regulations and zoning restrictions applicable to the property.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.5 |
| Baths | 5.0 | 2.9 |
| Square foot | 3,548 | 2,090.331 |
| Lot Size | 6,752 | 5,852.908 |
| Price | $2.30M | $830.9K |
| Price per sq ft | $648 | $394 |
| Built year | 1940 | 1928 |
| HOA | $0 | $0 |
| Days on market | 58 | 87 |
Sep 12, 2026
$2,299,000
Initial Listing
Sep 16, 2022
$725,000
Public Record