
Los Angeles, California 90019
This High-Density Development Site presents a High-Potential Investment Opportunity with a List Price of $1,075,000. Marketed primarily for its land value, the 8,920 square foot lot includes plans in progress for a 23 to 30-unit residential project in the high-demand Arlington Heights neighborhood. The existing 1922 Quadruplex is in Severe Neglect Condition, yet its current status allows for attractive residential financing options. With a developer-friendly design that avoids costly subterranean parking, this strategic asset is a premier acquisition for Developers or Speculative Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1619 S St Andrews Place Subject | $1,075,000* List Price | 0 | 0 | 3,250 | $197 | - |
A 1608 Cimarron Street Active | $900,000 List Price | 0 | 0 | 2,990 | $301 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1922, the property is in a state of severe neglect with dilapidated kitchens and bathrooms, plywood-covered walls, and significant physical depreciation. The listing is explicitly marketed for its land value and development potential for a 23-30 unit project, indicating the existing structure is at the end of its economic life and requires demolition for highest and best use.
The property offers a significant value-add opportunity with plans in progress for a 23 to 30-unit residential layout on a generous 8,920 square foot lot in a high-demand neighborhood.
Because the current structure is a 4-unit multi-family property, buyers can take advantage of attractive owner-occupied residential financing, which is typically more accessible than commercial development loans.
The proposed 23-unit plans feature a developer-friendly parking configuration that avoids expensive subterranean excavation, significantly reducing overall construction costs and complexity.
The development plans are currently 'in progress' rather than fully approved or 'Ready to Issue' (RTI), which introduces potential risks regarding final unit counts and project timelines.
Built in 1922, the existing 4-unit structure is over a century old and may require substantial maintenance or immediate demolition to facilitate the site's highest and best use.
Just reduced! Bring all offers! 8,920 square foot lot with 4-unit MFR structure to be delivered with plans in progress for 23 or 30 residential unit layouts. Excellent location on a quiet residential street in the high demand Arlington Heights neighborhood of Mid-City Los Angeles. Developer-friendly parking configuration with 12 first level covered spaces and bike storage (no subterranean parking) in the 23 unit plans, or no required parking in the 30 unit plans. 4-Unit multi-family existing property allows for attractive owner occupied financing.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,250 | 2,878.5 | 60% |
| Lot Size | 8,923 | 6,098.5 | 95% |
| Price | $1.07M | $1.09M | 50% |
| Price per sq ft | $331 | $441 | 20% |
| Built year | 1922 | 1926 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 281 | 236 | 80% |
Mar 12, 2026
$1,075,000
$1,095,000
-2% Price Drop
Initial Listing
Feb 18, 2026
$1,095,000
$1,125,000
-3% Price Drop
Initial Listing
Jan 23, 2026
$1,125,000
$1,145,000
-2% Price Drop
Initial Listing
Aug 8, 2025
$1,145,000
Initial Listing
Jul 15, 2025
$1,195,000
Initial Listing