
Los Angeles, California 90019
This property presents a High-Potential Investment Opportunity with a List Price of $999,000—positioned well below the $872,958 Fair Market Value by -14%. While the current Condition Rating of 6 reflects an aging 1922 structure, the asset is primed for redevelopment. With plans in progress for 23 to 30 residential units and developer-friendly parking configurations, this site offers significant upside in the Arlington Heights market. This is a strategic acquisition ideal for Real Estate Developers or Buy-and-Hold Investors seeking high-density value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1619 S St Andrews Place Subject 0 bd · 0 ba · 3,250 sqft · $269 | $999,000* List Price | 0 | 0 | 3,250 | $269 | - |
A 1661 Arlington Avenue Active 0 bd · 0 ba · 2,973 sqft · $370 · 0.3 mi | $1,100,000 List Price | 0 | 0 | 2,973 | $370 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1922 with no signs of recent renovation, the property features severely outdated electrical systems, worn interiors, and is being marketed strictly for its land value with active plans to redevelop the lot into a 23 or 30-unit residential building.
The property includes plans in progress for a 23 to 30-unit residential layout, offering significant value-add potential for developers in the high-demand Arlington Heights neighborhood.
Developer-friendly parking configurations, including options for no subterranean parking or zero required spaces, drastically reduce projected excavation and construction costs.
The existing 4-unit multi-family structure allows buyers to leverage attractive owner-occupied residential financing, providing a lower barrier to entry than typical commercial development sites.
As the development plans are currently 'in progress,' the buyer must navigate the remaining city approval processes and potential timeline delays before breaking ground.
Built in 1922, the current quadruplex may require ongoing maintenance or face vacancy challenges while waiting for the development phase to commence.
Huge Reduction! 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 |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 3,250 | 2,090.331 |
| Lot Size | 8,923 | 5,852.908 |
| Price | $999.0K | $830.9K |
| Price per sq ft | $307 | $394 |
| Built year | 1922 | 1928 |
| HOA | $0 | $0 |
| Days on market | 42 | 87 |
Sep 28, 2026
$999,000
Initial Listing
Jan 31, 2020
$1,150,000
Public Record
May 5, 2000
$195,000
Public Record