12618 Greene, Los Angeles, California 90066, Los Angeles, 90066 - 2 bed, 2 bath
Loading property details...
Los Angeles, California 90066
This Del Rey residence represents a Strong Value Opportunity, listed at a List Price of $1,350,000—positioned above the $1,230,734 Fair Market Value. While requiring a comprehensive overhaul due to its Condition Rating of 5, the property offers significant upside through its ADU Conversion Potential and prime location near Short Avenue Elementary. This asset is a blank canvas for those looking to execute a full renovation in a high-demand market. It is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking to build substantial equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12618 Greene Subject | $1,350,000* List Price | 2 | 2 | 1,524 | $897 | - |
A 12516 Greene Avenue Sold | $1,300,000 | 3 | 2 | 1,248 | $1,042 | 0.1 mi |
B 12132 Herbert Sold | $1,353,000 | 3 | 2 | 1,456 | $929 | 0.7 mi |
C 12844 Greene Avenue Active | $1,360,000 List Price | 3 | 2 | 1,458 | $933 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1940 and explicitly marketed as a 'full renovation' investment opportunity. Interior photos show significant ceiling cracking and potential structural/water damage, while the exterior and roof appear aged and distressed, requiring a total rehab of all systems, kitchen, and bathrooms.
Elementary School: Farragut Elementary School (9/10).
Situated in the highly sought-after Del Rey neighborhood, the property offers exceptional proximity to Marina Del Rey, Venice Boardwalk, and top-rated schools like Short Avenue Elementary.
The detached garage with rear alley access provides a strategic opportunity for an Accessory Dwelling Unit (ADU) conversion, offering potential for rental income or increased living space.
The property is in need of a complete overhaul, which will require significant upfront capital investment and a lengthy construction timeline before it is move-in ready.
Given the 1940 construction date, the home likely requires modernizing essential systems such as plumbing, electrical, and roofing to meet current building codes and buyer expectations.
A prime investment opportunity in one of the Westside's most sought-after neighborhoods. This Del Rey residence sits on a 4,243 sq ft lot with 1,524 sq ft of living space featuring 2 bedrooms, 1.75 bathrooms, and a rear den/family room. The property is primed for a full renovation, making it an ideal canvas for investors, developers, or owner-users with a vision. The garage, with rear alley access, presents potential for ADU conversion (buyer to verify). Strong location fundamentals, blocks from highly-rated Short Avenue Elementary, walkable to neighborhood amenities. All within minutes of Fisherman's Village, Venice Boardwalk, Santa Monica Pier, and LAX.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 12% |
| Baths | 2.0 | 3.0 | 37% |
| Square foot | 1,524 | 2,042 | 25% |
| Lot Size | 4,243 | 5,513 | 14% |
| Price | $1.35M | $2.00M | 10% |
| Price per sq ft | $886 | $1.1K | 23% |
| Built year | 1940 | 1951 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 122 | 7% |
May 8, 2026
$1,350,000
Initial Listing
Jan 17, 2014
$740,000
Public Record
Nov 16, 2004
$610,000
Public Record