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$3,295,000
EST. MARKET VALUE
$2,968,528
10% 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
$2,968,528
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 | $3,295,000* List Price | 4 | 2 | 1,514 | $1,961 | - |
A 3571 Ocean View Avenue Sold | $2,700,000 | 3 | 2 | 1,639 | $1,647 | 0.3 mi |
B 3324 Beethoven Street Sold | $2,390,000 | 3 | 2 | 1,156 | $2,067 | 0.4 mi |
C 3570 Colonial Avenue Pending | $2,400,000 List Price | 3 | 2 | 1,471 | $1,632 | 0.2 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
Unique Opportunity in a Sought-After Neighborhood! Nestled on a spacious 10,000 sq. ft. lot at the end of a cul-de-sac, this property offers exceptional potential for homeowners, investors, and builders alike. The 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, creating a pleasant connection to the outdoor space, and features a newer oven and convenient laundry area. With a generous lot and an adaptable layout, there are countless possibilities to make this property your own. 4th bedroom has been converted into a closet. Explore the potential for an ADU for extended family, guests, or rental income, or envision creating a beautiful custom home tailored to your lifestyle. Investors and builders—this may be the opportunity you've been waiting for! Bring your vision and unlock the possibilities this unique property has to offer.
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 | 1,664.159 |
| Lot Size | 10,017 | 6,066.556 |
| Price | $3.29M | $1.35M |
| Price per sq ft | $2.2K | $806 |
| Built year | 1950 | 1939 |
| HOA | $0 | $278 |
| Days on market | 8 | 55 |
Pricing History
Listed for Sale
Sep 1, 2026
$3,295,000
Initial Listing