12701 Westminster, Los Angeles, California 90066, Los Angeles, 90066 - 4 bed, 2 bath
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12701 Westminster
Los Angeles, California 90066
ACTIVE
CONDITION: POOR
4Beds
2Baths
1,514Sq Ft
10,017Lot Size
Property Price
LIST PRICE$2,995,000
EST. MARKET VALUE
$2,903,716
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $3,295,000—positioned above the $2,968,529 Fair Market Value. While the current pricing reflects a premium, the 10,017 sq. ft. lot and 5 Condition Rating signal a prime candidate for a full-scale redevelopment or custom build. The expansive lot size offers significant upside for an ADU addition or a luxury estate project. This is a strategic acquisition for Builders and Investors focused on maximizing land value in a high-demand Los Angeles neighborhood.
Estimated Market Value
$2,903,716
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 |
|---|---|---|---|---|---|---|
★ 12701 Westminster Subject 4 bd · 2 ba · 1,514 sqft · $1,918 | $2,995,000* List Price | 4 | 2 | 1,514 | $1,918 | - |
A 3570 Colonial Avenue Sold 3 bd · 2 ba · 1,471 sqft · $1,428 · 0.2 mi | $2,100,000 | 3 | 2 | 1,471 | $1,428 | 0.2 mi |
B 12807 Indianapolis Sold 3 bd · 2 ba · 1,099 sqft · $2,061 · 0.5 mi | $2,265,000 | 3 | 2 | 1,099 | $2,061 | 0.5 mi |
C 3521 Inglewood Boulevard Sold 2 bd · 2 ba · 1,648 sqft · $1,395 · 0.6 mi | $2,298,625 | 2 | 2 | 1,648 | $1,395 | 0.6 mi |
D 11827 Stanwood Drive Pending 3 bd · 2 ba · 1,649 sqft · $1,452 · 0.9 mi | $2,395,000 List Price | 3 | 2 | 1,649 | $1,452 | 0.9 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 1950 with no evidence of major renovations in the last 30-50 years. The kitchen and bathrooms are significantly dated, the exterior garage door shows peeling paint, and the listing description emphasizes land value and builder potential, indicating the structure requires a full rehab.
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 = 10017, living area = 1514.
- Exceptional Development Potential
The oversized 10,017 sq. ft. lot provides a rare opportunity for builders and investors to construct a large custom estate or add a significant ADU in a high-demand neighborhood.
- Prime Cul-de-Sac Location
Situated at the end of a quiet cul-de-sac in the sought-after Mar Vista area, the property offers enhanced privacy, safety, and minimal through-traffic.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10017, other record lot size in square feet = 9932.
- High Price per Square Foot
With a list price of $3.295M for a 1,514 sq. ft. home, the value is heavily weighted in the land, making it a costly entry point for non-developers.
- Functional Obsolescence
The conversion of the fourth bedroom into a closet and the dated 1950s infrastructure may require immediate and costly reconfiguration to meet modern luxury standards.
About 12701 Westminster
RARE MAR VISTA OPPORTUNITY – 10,000 SQ FT LOT! BRING ALL OFFERS! Located on a quiet cul-de-sac in desirable Mar Vista, this property presents a unique opportunity for homeowners, investors, and builders to explore the potential of a generous 10,000 sq ft lot in a sought-after Westside neighborhood. The existing home features 4 bedrooms and 2 bathrooms, including a primary ensuite, along with original hardwood floors that add character and charm. The kitchen overlooks the backyard and features a newer oven and a convenient laundry area. The fourth bedroom has been converted into a closet. Whether you envision renovating the existing home, creating a custom residence, or exploring the potential for an ADU, this property offers a range of possibilities to consider, subject to applicable approvals and requirements. A rare opportunity to bring your vision to Mar Vista.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 10,017 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Beethoven Street Elementary School
Grades K-5 • 0.3 mi
7/10
Walgrove Avenue Elementary School
Grades K-5 • 0.6 mi
4/10
Mar Vista Elementary School
Grades K-5 • 0.7 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,514 | 1,670.836 |
| Lot Size | 10,017 | 6,152.156 |
| Price | $3.00M | $1.34M |
| Price per sq ft | $2.0K | $807 |
| Built year | 1950 | 1941 |
| HOA | $0 | $238 |
| Days on market | 69 | 56 |
Pricing History
Listed for Sale
Sep 30, 2026
$2,995,000
$3,095,000
-3% Price Drop
Initial Listing
Price Change
Sep 18, 2026
$3,095,000
$3,295,000
-6% Price Drop
Initial Listing
Price Change
Sep 1, 2026
$3,295,000
Initial Listing