1405 W 2nd, Los Angeles, California 90026, Los Angeles, 90026 - 3 bed, 3 bath
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Los Angeles, California 90026
This High-Density Development Asset lists for $1,150,000, aligning closely with its $1,142,856 Fair Market Value. The property features a 5,629 SF lot with versatile R4(CW) Zoning, offering a rare opportunity for ground-up multifamily construction in a rapidly appreciating pocket west of Downtown Los Angeles. With a Condition Rating of 6, the site provides significant redevelopment potential within the Los Angeles Unified district to capitalize on high-walkability and proximity to tech hubs. This strategic acquisition serves Multifamily Developers or Creative Investors targeting high-yield projects.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1405 W 2nd Subject | $1,150,000* List Price | 3 | 3 | 1,387 | $824 | - |
A 1272 W Court Street Active | $1,000,000 List Price | 2 | 1 | 1,250 | $800 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1901 (>50 years old) with no evidence of renovation. The listing explicitly markets the property for 'ground-up development' and 'multifamily housing,' indicating the value is in the land. Visuals show significant structural wear, makeshift additions, and exposed systems.
The property features a 5,629 SF lot with R4(CW) zoning, providing a rare and versatile opportunity for high-yield multifamily or ground-up residential development.
Positioned in a high-walkability corridor just west of Downtown Los Angeles, the site offers excellent proximity to major tech hubs, entertainment districts, and transit options.
Located in an 'emerging pocket' of Los Angeles, this property offers significant upside potential for investors looking to capitalize on the area's ongoing revitalization and rising demand.
Built in 1901, the current 1,387 SF residence likely requires extensive modernization or demolition to achieve the highest and best use of the land.
At a list price of $1.15M, the cost per square foot of land is premium, requiring a sophisticated development strategy to ensure a favorable return on investment.
This prime real estate opportunity features a sprawling approx. 5,629 SF lot zoned R4(CW) that is strategically positioned in a rapidly appreciating "emerging pocket" just west of Downtown Los Angeles. This property is perfect if you are looking to execute a high-yield ground-up development, the property’s versatile footprint caters to a variety of investment strategies. Located in a high-walkability corridor, the property is surrounded by a rich mix of local dining favorites, essential neighborhood amenities, and streamlined transit options, making it a magnet for future tenants. This is a standout prospect for developers pursuing multifamily housing, creative investors seeking a custom long-term hold, or those looking to capitalize on the proximity to the DTLA tech and entertainment hubs.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 55% |
| Square foot | 1,387 | 1,492.5 | 36% |
| Lot Size | 5,629 | 5,000 | 62% |
| Price | $1.15M | $1.42M | 30% |
| Price per sq ft | $829 | $971 | 39% |
| Built year | 1901 | 1927 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 160 | 1% |
Apr 24, 2026
$1,150,000
Initial Listing
Apr 11, 1994
$125,000
Public Record