1521 S Cloverdale, Los Angeles, California 90019, Los Angeles, 90019 - 2 bed, 1 bath
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Los Angeles, California 90019
This Investor-Focused Development Asset is listed at $1,250,000, reflecting a strategic premium over the $961,664 Fair Market Value due to its high-density Zoning R2 / LARD1.5 potential. Carrying a Condition Rating of 5, the property requires extensive renovation, shifting the primary value to the 5,482 sq ft lot and its multi-unit capacity. Located in the vibrant Mid-City area within the Los Angeles Unified School District, the location ensures strong future rental demand. This is a high-potential acquisition for Developers or Fix-and-Flip Investors looking to maximize urban density.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1521 S Cloverdale Subject | $1,250,000* List Price | 2 | 1 | 1,130 | $980 | - |
A 1756 S Genesee Avenue Sold | $1,100,000 | 2 | 1 | 1,208 | $911 | 0.8 mi |
B 4523 W 18th Street Sold | $1,100,000 | 2 | 1 | 1,293 | $851 | 0.9 mi |
C 1327 Meadowbrook Avenue Active | $1,599,000 List Price | 2 | 1 | 1,136 | $1,408 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1923, this property is primarily marketed as an investor opportunity or a development site due to its R2 zoning. The interior is significantly outdated, featuring a kitchen with old cabinetry and tile countertops, a dated bathroom, and aging systems such as wall heaters. The listing description explicitly states that the home requires 'extensive renovation' and 'customization,' signaling that major components and finishes are at the end of their functional lifespan and require substantial rehabilitation.
The R2 / LARD1.5 zoning provides a significant opportunity for investors or developers to add additional units or build a larger multi-family structure.
Centrally located in a vibrant Los Angeles neighborhood, the property offers excellent proximity to shopping, dining, and major freeway access.
The 5,482 sq ft lot includes a spacious backyard, offering ample room for outdoor entertaining, landscaping, or the addition of an ADU.
Built in 1923 and marketed as a customization opportunity, the home likely requires a substantial financial investment to modernize and repair.
The current 2-bedroom, 1-bathroom configuration with only 1,130 sq ft is small for the $1.25M price point, primarily reflecting land and potential value.
This quaint single-family home is located in the heart of Los Angeles' centrally located, vibrant Mid-City neighborhood. Excellent opportunity for investors or buyers looking to customize and build their dream home. The exterior offers a generous 5,000+ sq ft lot, a spacious backyard, perfect for entertaining. The LARD1.5 zoning opens the door for future development or additional units, making it appealing both as a residence and a flexible investment. It is conveniently located near shopping, dining, entertainment and easy freeway access.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 22% |
| Baths | 1.0 | 2.0 | 14% |
| Square foot | 1,130 | 1,784.5 | 11% |
| Lot Size | 5,482 | 6,132.5 | 34% |
| Price | $1.25M | $1.31M | 45% |
| Price per sq ft | $1.1K | $784 | 98% |
| Built year | 1923 | 1928 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 138 | 152 | 45% |
Jan 28, 2026
$1,250,000
Initial Listing