
Los Angeles, California 90026
This Strategic Redevelopment Asset is listed at $725,000, positioned strategically relative to the $673,047 Fair Market Value due to its exceptional land utility. Holding a Condition Rating of 6, the property is an "as-is" acquisition marketed for its rare LAC2 Zoning and significant Value-Add potential. The hillside lot commands sweeping views of the Hollywood Sign and DTLA, providing a high-demand backdrop for new construction or mixed-use projects. Located near Logan Street Elementary and John Marshall Senior High, this is a prime acquisition for Developers or Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1414 Fairbanks Subject | $725,000* List Price | 2 | 1 | 888 | $758 | - |
A 647 Laveta Terrace Sold | $805,647 | 2 | 1 | 931 | $865 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1921 (100+ years old) with no evidence of recent renovations, the property is marketed primarily for its LAC2 zoning and redevelopment potential. The 'as-is' sale and focus on land value over the 888 sqft structure indicate it is likely at the end of its functional life.
The rare LAC2 zoning designation provides exceptional flexibility for residential, commercial, or mixed-use development, offering significant strategic upside for investors or developers in a high-demand area.
Perched in a prime hillside position, the property commands sweeping, unobstructed views of the Hollywood Sign, Griffith Observatory, and the downtown Los Angeles skyline.
Situated just above Sunset Boulevard, the property is in the heart of a vibrant neighborhood known for its trendy retail, dining, and nightlife, ensuring strong long-term demand.
The 1921 structure is being sold in as-is condition, likely requiring a substantial capital investment for major renovations or a complete redevelopment to meet modern standards.
With only 888 square feet of living space on a modest 2,940 square foot lot, the current footprint may be too restrictive for buyers seeking a functional, move-in-ready residential home.
Prime Echo Park Opportunity with LAC2 Zoning Views, Location, and Upside Perched above Sunset Boulevard in the heart of Echo Park, 1414 Fairbanks Place commands sweeping views of the Hollywood Sign, Griffith Observatory, downtown Los Angeles, and the surrounding hills. This is one of those rare hillside positions where location and perspective do the heavy lifting. What truly sets this property apart is its LAC2 zoning a flexible designation that opens the door to a wide range of commercial, residential, and mixed use possibilities (buyer to verify). Whether you’re envisioning an income producing asset, a live/work concept, or a redevelopment play aligned with the evolving Sunset corridor, this zoning creates a strategic advantage in a supply constrained area. For those looking to take a more measured approach, the existing structure offers the option to renovate, reposition, and capitalize on the property’s inherent character and view driven appeal. There’s a clear path here for both long term holds and value add strategies. Surrounded by Echo Park’s vibrant mix of restaurants, cafes, retail, and nightlife and just minutes from downtown Los Angeles and major transit lines this location continues to benefit from strong demand and ongoing neighborhood growth. This is not just a property it’s a positioning opportunity. Buyer to independently verify all zoning regulations, permitted uses, development potential, and property condition with the City of Los Angeles. Property is being sold as-is.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 0.8 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 36% |
| Baths | 1.0 | 2.0 | 24% |
| Square foot | 888 | 1,492.5 | 14% |
| Lot Size | 2,940 | 4,999 | 22% |
| Price | $725.0K | $1.42M | 5% |
| Price per sq ft | $816 | $971 | 35% |
| Built year | 1921 | 1927 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 159 | 1% |
Apr 30, 2026
$725,000
Initial Listing
Apr 4, 1990
$127,000
Public Record