
Los Angeles, California 90066
This property presents a High-Potential Investment Opportunity with a List Price of $1,399,000—positioned well below the $1,441,165 Fair Market Value by 2%. This valuation gap offers $42,165 in Instant Equity for buyers. With a Condition Rating of 5, the home requires significant renovation, yet the 6,868-square-foot flat lot provides exceptional development potential. Located near top-rated schools like Farragut Elementary, this is an ideal acquisition for Developers or Owner-Occupants seeking to build a custom estate in a prime Del Rey location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12841 Bonaparte Avenue Subject | $1,399,000* List Price | 3 | 1 | 1,140 | $1,264 | - |
A 4256 Neosho Avenue Sold | $1,475,000 | 3 | 2 | 1,246 | $1,184 | 0.4 mi |
B 12606 Bonaparte Avenue Sold | $1,500,000 | 3 | 2 | 1,129 | $1,329 | 0.2 mi |
C 4176 Mildred Avenue Sold | $1,475,000 | 3 | 1 | 1,204 | $1,225 | 0.6 mi |
D 12516 Greene Avenue Sold | $1,300,000 | 3 | 2 | 1,248 | $1,042 | 0.3 mi |
E 4260 Mcconnell Boulevard Sold | $1,475,000 | 2 | 1 | 936 | $1,576 | 0.4 mi |
F 12618 Greene Sold | $1,380,000 | 2 | 2 | 1,524 | $906 | 0.2 mi |
G 12132 Herbert Sold | $1,353,000 | 3 | 2 | 1,456 | $929 | 0.8 mi |
H 12923 Gilmore Avenue Pending | $1,099,900 List Price | 3 | 1 | 936 | $1,175 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1947 (77 years old) and shows no evidence of significant renovations. The kitchen features original or highly dated cabinetry and appliances, and the interior finishes like the carpeting and lighting are well beyond their functional lifespan. While described as 'meticulously cared for,' the listing explicitly targets developers for land value, confirming it needs a total rehab to meet modern standards.
Elementary School: Farragut Elementary School (9/10).
The property features a sprawling 6,868-square-foot flat lot, providing a rare and versatile canvas for developers or end-users to build a large-scale custom estate in a high-demand Westside pocket.
Situated on one of the area's premier streets, the home offers immediate proximity to Marina del Rey, Venice Beach, and Abbot Kinney, placing it minutes from world-class dining, shopping, and entertainment.
With only one bathroom serving three bedrooms, the current floor plan is undersized for modern family expectations and will likely require a significant layout reconfiguration or expansion.
The 1,140-square-foot interior is modest for the $1.399M price point, meaning the value is primarily in the land and location rather than the existing structure's square footage.
Opportunity knocks on one of the best streets in Del Rey! Meticulously cared for, this 3-bedroom, 1-bathroom single-family home with a detached 2-car garage is situated on a sprawling 6,868-square-foot flat lot in a great mid-block location. An exceptional opportunity for developers or end users to build their dream home, this property offers endless potential and is just minutes from Glenn Alla Park, Marina del Rey, hip eateries, unique shops, gourmet grocery stores, movie theaters, Abbot Kinney, Venice Beach, and all the Westside has to offer! Buyer is advised to independently verify accuracy of all information through professional inspection with appropriate professional******Broker/Agent does not guarantee accuracy of square footage, lot size, zoning, rent control, permits, use code, schools and/or other information concerning the conditions or features of the property provided by the seller or obtained from public records or other sources.****
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,140 | 1,672 |
| Lot Size | 6,868 | 6,067 |
| Price | $1.40M | $1.37M |
| Price per sq ft | $1.2K | $801 |
| Built year | 1947 | 1939 |
| HOA | $0 | $348 |
| Days on market | 13 | 56 |
Jul 9, 2026
$1,399,000
Initial Listing