1412 S Union Avenue, Los Angeles, California 90015, Los Angeles, 90015 - 3 bed, 2 bath
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Los Angeles, California 90015
Analysis of 1412 S Union Avenue, Los Angeles, California 90015 is currently available with a list price of $1,350,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property was built in 1955 (69 years old) with no recorded renovations. It is explicitly marketed as a development opportunity with approved plans for a 4-unit building plus ADU, indicating the existing structure is intended for demolition to capture land value.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7668, living area = 1300.
The property includes already approved plans for a 4-unit building plus an ADU, totaling over 8,000 square feet, which significantly reduces entitlement risk and project timelines.
Located in a high-demand corridor near USC, Downtown Los Angeles, and the Crypto.com Arena, the site is perfectly positioned to capture student and professional rental markets.
Being situated within a Historic Preservation Overlay Zone (HPOZ) subjects the property to strict design guidelines and additional layers of bureaucratic approval for any modifications.
The list price is based on the land's development potential rather than the existing 1955 structure, making it less attractive to traditional residential buyers and requiring significant additional capital for construction.
Exceptional development opportunity in a prime Los Angeles location, just minutes from USC, Downtown Los Angeles, and Crypto.com Arena.This property comes with plans already approved within an HPOZ for a thoughtfully designed 4-unit building plus ADU, totaling approximately 8,274 square feet. The proposed unit mix includes: *Unit 1: 6 bed/ 6 bath *Unit 2: 5 bed / 5 bath *Unit 3: 5 bed/ 5 bath *Unit 4: 3 bed / 3 bath *ADU: 2 bed / 2 bath* The existing residence features 3 bedrooms and 2 bathrooms, complete with hardwood floors, a detached 2-car garage, and a long driveway offering ample additional parking.The property can be delivered vacant, presenting a seamless path for redevelopment or repositioning. Ideal for investors or developers seeking strong rental potential in a high-demand rental corridor near major employment, education, and entertainment hubs.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1955 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 27, 2026
$1,350,000
Initial Listing
Nov 29, 2018
$611,000
Public Record
Sep 26, 2000
$155,000
Public Record