1435 S Spaulding Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 2 bed, 1 bath
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Los Angeles, California 90019
This property presents a High-Potential Investment Opportunity with a List Price of $1,418,900—positioned above the $1,296,495 Fair Market Value. While priced at a premium, the 7,131 SF Lot offers significant Development Potential in a prime Mid-Wilshire location. With a Condition Rating of 5, the property requires a full rehab, yet the existing 3-bedroom, 2-bathroom layout provides immediate utility. This is a strategic acquisition for Real Estate Developers or Owner-Occupants looking to execute a luxury rebuild or multi-unit expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1435 S Spaulding Avenue Subject | $1,418,900* List Price | 2 | 1 | 1,306 | $993 | - |
A 1116 S Burnside Avenue Sold | $1,450,000 | 3 | 2 | 1,744 | $831 | 0.7 mi |
B 1756 S Genesee Avenue Sold | $1,100,000 | 2 | 1 | 1,208 | $911 | 0.5 mi |
C 1653 S Orange Grove Avenue Sold | $1,380,000 | 3 | 2 | 1,810 | $762 | 0.4 mi |
D 1521 S Cloverdale Active | $1,250,000 List Price | 2 | 1 | 1,130 | $1,106 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1923 and marketed primarily as a development opportunity or full luxury rebuild. While the listing suggests it is currently livable, the 'as-is' sale, century-old age, and presence of unpermitted additions indicate the property likely requires a full rehab of systems and interiors to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7131, living area = 1306.
The oversized 7,129 SF lot is considerably larger than standard parcels in Picfair Village, offering a rare 'goldmine' opportunity for multi-unit development or a luxury estate rebuild.
Situated in a highly sought-after Los Angeles pocket, the property benefits from high demand and proximity to world-class dining, shopping, and major transit corridors.
The property is being sold strictly in as-is condition, which likely necessitates a full renovation or teardown, requiring significant additional capital investment.
The mismatch between the physical 3/2 layout and the official 2/1 public records may create challenges regarding unpermitted square footage and zoning compliance during the due diligence process.
Prime Mid-Wilshire/Picfair Village Development Opportunity on an Expansive 7,129 SF Lot! Incredible opportunity in a highly sought-after Los Angeles pocket! Boasting an oversized 7,129 sq ft lot significantly larger than standard lots in the immediate areathis property is a goldmine for investors, developers, or an owner-user looking to build substantial equity. Whether your vision is a full luxury rebuild, expanding the existing footprint, or capitalizing on LA's hot multi-unit development market, the options here are endless. The existing home features classic charm with hardwood flooring and a detached 2-car garage. Public records reflect a 2-bedroom, 1-bathroom home of 1,306 sq ft; however, the property currently functions as a 3-bedroom, 2-bathroom layout. The additional 1 bed/1 bath was completed with quality workmanship, offering an immediate value-add or rental potential while you finalize your long-term plans. Live in it, rent it out, or clear the lot to maximize the zoning and square footage potential. Located minutes from world-class dining, shopping, and transit. Property is being sold AS-IS. Buyer to verify all permitted/unpermitted square footage, zoning regulations, and development potential.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades 6-8 • 4.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,306 | 1,672 |
| Lot Size | 7,131 | 6,067 |
| Price | $1.42M | $1.37M |
| Price per sq ft | $1.1K | $801 |
| Built year | 1923 | 1939 |
| HOA | $0 | $348 |
| Days on market | 15 | 56 |
Jul 7, 2026
$1,418,900
Initial Listing