1425 S Redondo Boulevard, Los Angeles, California 90019, Los Angeles, 90019 - 2 bed, 1 bath
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Los Angeles, California 90019
This Redevelopment Asset in Mid City presents a strategic acquisition with a List Price of $999,000 and a $846,121 Fair Market Value. The 6,355 sqft Lot and LARD 1.5 Zoning drive the property’s value, offering significant multi-unit development potential in a high-demand corridor. Currently holding a Poor Condition Rating, the 1924 structure is likely not financeable, making this a clear value-add project. Featuring a patio and a 3-Car Detached Garage for ADU conversion, this project is ideal for Real Estate Developers or Cash Investors targeting high-growth urban markets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1425 S Redondo Boulevard Subject | $999,000* List Price | 2 | 1 | 1,242 | $794 | - |
A 4523 W 18th Street Pending | $995,000 List Price | 2 | 1 | 1,293 | $770 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is explicitly marketed as a redevelopment opportunity and is described as likely not financeable, indicating the structure's condition does not meet standard habitability or safety requirements. Built in 1924 with no significant modern renovations, the home features an outdated kitchen, popcorn ceilings, and aged systems. The value is primarily in the 6,353 sqft lot and LARD 1.5 zoning rather than the existing 100-year-old structure.
Zoned LARD 1.5 on a generous 6,353 sqft lot, this property offers significant multi-unit redevelopment opportunities in a high-density, high-demand area.
Situated in a central Los Angeles hub, the property is ideally located near major employment centers, transit, and popular dining, ensuring long-term value.
The rare three-car detached garage provides excellent potential for an ADU conversion or additional square footage for a multi-unit project.
The existing structure is likely not financeable through traditional mortgages, necessitating cash buyers or specialized hard money/construction loans.
The 1924 structure is in a state that requires either a complete teardown or an extensive, costly renovation to meet modern habitability standards.
With a list price near $1 million for a redevelopment site, investors face a high entry cost before accounting for demolition and construction expenses.
Untapped potential in this classic single detached home with a 3 car detached garage in prime Mid City Los Angeles. Well located on an 6353 square foot lot and zoned LARD 1.5 with a good sized back yard. The existing structure is likely not financeable, making this an ideal redevelopment opportunity. Surrounded by recent projects and close to major employment centers, transit, dining, and retail, the location supports strong long-term rental demand and continued appreciation. Buyer and buyer's agent to verify all zoning, permits, lot size, incentives, development potential, and conduct all due diligence.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 25% |
| Baths | 1.0 | 2.0 | 18% |
| Square foot | 1,242 | 1,712 | 21% |
| Lot Size | 6,355 | 6,304 | 51% |
| Price | $999.0K | $1.32M | 28% |
| Price per sq ft | $804 | $797 | 54% |
| Built year | 1924 | 1926 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 81 | 187 | 16% |
Jan 31, 2026
$999,000
Initial Listing