1900 Holmby Avenue, Los Angeles, California 90025, Los Angeles, 90025 - 2 bed, 2 bath
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Los Angeles, California 90025
This Prime Development Asset is listed at $1,875,000, positioned at a premium over the $1,712,989 Fair Market Value due to its significant, pre-approved entitlements. Holding a Condition Rating of 6, the value is concentrated entirely in the 5,638 sqft lot featuring RD1.5 Zoning and a TOC Tier 2 Designation. These specifications support a 6-Unit Condo Project within walking distance of Westfield Century City and the new UCLA research hub. Zoned for the prestigious Fairburn Avenue Elementary (Rating 9), this high-density play is ideal for Developers and Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1900 Holmby Avenue Subject | $1,875,000* List Price | 2 | 2 | 1,285 | $1,321 | - |
A 2115 Holmby Avenue Sold | $2,250,000 | 3 | 3 | 1,659 | $1,356 | 0.3 mi |
B 2030 Pelham Avenue Sold | $1,750,000 | 3 | 2 | 1,551 | $1,128 | 0.5 mi |
C 2138 Holmby Avenue Active | $1,995,000 List Price | 2 | 1 | 1,095 | $1,822 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1937, this 87-year-old property is explicitly marketed as a development opportunity for a 6-unit condo project. The listing description and property analysis identify the existing structure as having minimal value and being a likely tear-down, with the list price reflecting the land value and entitlements rather than the condition of the vacant home.
Elementary School: Fairburn Avenue Elementary School (9/10).
The RD1.5 zoning combined with TOC Tier 2 designation allows for the construction of 6 for-sale condo units, maximizing the density and ROI on a 5,638 sqft lot.
Situated within walking distance to Westfield Century City and adjacent to Beverly Hills and Westwood, the property occupies one of Los Angeles' most prestigious and high-demand neighborhoods.
At a list price of $1.875M for a 5,638 sqft lot, the land cost per buildable unit is high, requiring premium exit prices for the finished condos to maintain healthy margins.
The 1937 original structure is likely a tear-down for developers, meaning the purchase price is almost entirely in the land and entitlements rather than the physical building.
While plans are submitted, the buyer must still navigate the final stages of the Los Angeles building permit process and manage rising construction costs in a dense urban environment.
Calling all developers and owner users! This property is a unique development opportunity to build six (6) for-sale condo units walking distance to the upscale Westfield Century City. Positioned on a 5,638 sqft lot with RD1.5 zoning, this is an incredible opportunity to add density in a highly desired westside neighborhood. Conveniently located adjacent to Westwood and Beverly Hills, the investment in and around the property is unparalleled, anchored with UCLA recently acquiring 700k sqft of the former Westside Pavilion to serve as their state-of-the-art research and innovation hub. The property benefits from a Transit Oriented Communities (TOC) Tier 2 designation that allows for an increase in density and height bonus. The existing house is currently vacant and consists of 2 bedrooms and 2 baths located in a highly regarded school district. Plans have been submitted to the city. Approval for Preliminary Zoning Assessment (PZA) has been received. TOC Tier Verification have been confirmed and the property is SB8 Exempt. Don't miss this opportunity!
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 12% |
| Baths | 2.0 | 3.0 | 35% |
| Square foot | 1,285 | 1,954 | 19% |
| Lot Size | 5,638 | 6,076.5 | 38% |
| Price | $1.88M | $2.22M | 31% |
| Price per sq ft | $1.5K | $1.1K | 92% |
| Built year | 1937 | 1938 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 131 | 131 | 54% |
Feb 3, 2026
$1,875,000
Initial Listing
Feb 24, 2022
$1,857,000
Public Record
Oct 6, 2021
$1,050,000
Public Record