1437 12th Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 3 bed, 1 bath
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Los Angeles, California 90019
This property presents a High-Potential Investment Opportunity with a List Price of $1,249,000—positioned well above the $889,749 Fair Market Value by -40%. While the current structure has a Condition Rating of 6, the primary value lies in the R-2 Zoning and massive 64,800sf development potential. This asset is designed for large-scale, ground-up luxury multi-unit construction rather than residential occupancy. It is an ideal acquisition for Real Estate Developers or Institutional Investors seeking to maximize density in the Mid-LA market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1437 12th Avenue Subject | $1,249,000* List Price | 3 | 1 | 1,934 | $460 | - |
A 1047 S Victoria Avenue Sold | $950,000 | 3 | 1 | 1,494 | $636 | 0.6 mi |
B 3273 Country Club Drive Sold | $1,215,000 | 3 | 3 | 2,475 | $491 | 0.8 mi |
C 1439 12th Avenue Active | $1,249,000 List Price | 5 | 3 | 2,566 | $487 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1911 (>100 years old) with no mention of renovations. The listing explicitly markets the property for its land value and development potential, citing a 64,800sf maximum building size and density bonuses. Described as 'AS-IS' and 'needs repair,' the primary value lies in the R-2 zoning and lot size rather than the existing structure.
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 building potential of up to 64,800sf with density bonuses on R-2 zoning, providing a rare opportunity for a large-scale luxury multi-unit development.
The site features a significant 110ft frontage when combined with the contiguous lot, offering a total of 16,513sf of land that provides maximum flexibility for architectural design and site planning.
The existing 1911 structure is in poor condition and sold 'as-is,' requiring significant capital expenditure for either a complete overhaul or demolition and site clearance.
Several nearby public schools, including Susan Miller Dorsey Senior High and Twenty-Fourth Street Elementary, have low performance ratings (2-3), which may limit the property's appeal to traditional family buyers.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 14% |
| Square foot | 1,934 | 1,807 | 55% |
| Lot Size | 8,197 | 6,207.5 | 88% |
| Price | $1.25M | $1.31M | 45% |
| Price per sq ft | $646 | $766 | 23% |
| Built year | 1911 | 1928 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 152 | 3% |
May 26, 2026
$1,249,000
Initial Listing