
Los Angeles, California 90019
This property presents a High-Potential Investment Opportunity with a List Price of $1,249,000, which aligns with the current $1,249,000 Fair Market Value. Featuring a Condition Rating of 6, this R-2 Zoned Asset offers significant development potential, including a massive 64,800sf build capacity when combined with the adjacent lot. With 110ft of frontage and a 16,513sf total footprint, the site is primed for luxury density projects. This is a strategic acquisition ideal for Ground-Up Developers or Experienced Investors seeking to maximize land utility in Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1437 12th Avenue Subject 3 bd · 1 ba · 1,934 sqft · $646 | $1,249,000* List Price | 3 | 1 | 1,934 | $646 | - |
A 1215 Crenshaw Boulevard Active 3 bd · 1 ba · 2,578 sqft · $543 · 0.3 mi | $1,400,000 List Price | 3 | 1 | 2,578 | $543 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property was built in 1911 (113 years old) and the listing explicitly markets it as a development opportunity for a 64,800sf building. With an 'AS-IS' status, a 'needs repair' description, and a focus on land value/density bonuses, the structure is treated as a tear-down despite being noted as a potential flip.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8197, living area = 1934.
The property offers a massive R-2 zoning development opportunity with density bonus potential, allowing for a building size of up to 64,800 square feet if combined with the adjacent lot.
Featuring a generous 8,197 square foot lot with the rare option to acquire the contiguous lot for a total of 110 feet of frontage, providing exceptional scale for the Mid-Los Angeles area.
The existing 1911 structure is being sold in 'As-Is' condition and requires extensive repairs, necessitating significant immediate capital for renovation or demolition.
Several assigned public schools in the immediate vicinity carry low performance ratings, which may limit the property's appeal to traditional owner-occupant families.
Home needs repair. Ideal for flip. AS - IS Contiguous double lot opportunity for development with 110ft front footage. 1437 and 1439 12th Ave, CAN PURCHASE EACH LOT SEPARATELY. Maximum building size is a whopping 64,800sf with density bonus! Potential to build giant luxury units on R-2 zoning. Each lot is 8,287sf totaling 16,513sf. Each lot is 1.25m totaling 2.5m.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,934 | 1,670.836 |
| Lot Size | 8,197 | 6,152.156 |
| Price | $1.25M | $1.34M |
| Price per sq ft | $646 | $807 |
| Built year | 1911 | 1941 |
| HOA | $0 | $238 |
| Days on market | 167 | 56 |
May 26, 2026
$1,249,000
Initial Listing