
Los Angeles, California 90019
This property presents a High-Potential Investment Opportunity with a List Price of $825,000—positioned well above the $781,253 Fair Market Value by -5%. Featuring LARD1.5 Zoning on a 5,001-square-foot lot, this Asset offers significant redevelopment potential for a duplex or triplex. With a Condition Rating of 6, the structure requires substantial capital for renovation or redevelopment. This is a strategic acquisition for Experienced Developers or Cash-Ready Investors seeking to leverage land value and density in a central Los Angeles location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1725 S Highland Avenue Subject | $825,000* List Price | 3 | 2 | 1,254 | $623 | - |
A 1620 West Boulevard Pending | $699,000 List Price | 3 | 1 | 1,201 | $582 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1938 (86 years old) with no recorded renovations, the property is marketed for its redevelopment potential and land value. The listing cites substantial deferred maintenance, an inability to qualify for conventional financing, and a requirement for all-cash offers, indicating the structure is likely at the end of its functional life.
The LARD1.5 zoning on a 5,001-square-foot lot offers significant redevelopment opportunities, potentially allowing for a duplex, triplex, or small multifamily project in a high-demand central Los Angeles location.
The inclusion of a permitted garage conversion bonus room provides an immediate flexible space for a home office or studio, with a clear path toward a formal ADU conversion to maximize rental income.
As a probate sale with Full Authority, this property avoids the typical court confirmation requirement, ensuring a faster, more predictable, and less bureaucratic closing process for the buyer.
The property suffers from substantial deferred maintenance and is sold strictly 'as-is,' requiring a significant capital injection for either a total renovation or complete redevelopment.
Due to its current physical condition, the property is ineligible for conventional financing, limiting the buyer pool exclusively to all-cash investors capable of a quick, non-contingent closing.
ATTENTION INVESTORS, BUILDERS AND DEVELOPERS! Probate investment opportunity with tremendous value-add and redevelopment potential in the heart of Los Angeles. The property features a 3-bedroom, 2-bath residence with approximately 1,254 square feet of living space on an approximately 5,001-square-foot lot.An additional permitted bonus room, created through a garage conversion, offers flexible space for a workshop, creative studio, home office or other permitted use. The bonus room may also present an opportunity for conversion or expansion into an ADU, subject to plans, permits and City approval. Investors may renovate and resell the existing improvements or explore the property's broader development potential. The lot is reportedly zoned LARD1.5, which may allow multiple residential units and could potentially accommodate a duplex, triplex or other small multifamily development. Buyers must independently verify the existing permits, bonus-room status, zoning, allowable density, ADU eligibility and all redevelopment possibilities with the City of Los Angeles. The property has substantial deferred maintenance and is ready for an experienced investor with vision. Probate sale with FULL AUTHORITY court confirmation is NOT required. Sold strictly AS IS in its present condition, with no seller repairs or credits. Due to its current condition, the property will not qualify for conventional financing. ALL-CASH OFFERS ONLY. Seller is seeking a strong, non-contingent offer and a quick, reliable closing. Renovate, repurpose or redevelop this property offers numerous possibilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,254 | 1,664.159 |
| Lot Size | 5,001 | 6,066.556 |
| Price | $825.0K | $1.35M |
| Price per sq ft | $658 | $806 |
| Built year | 1938 | 1939 |
| HOA | $0 | $278 |
| Days on market | 22 | 55 |
Aug 18, 2026
$825,000
Initial Listing