1946 Hillcrest, Los Angeles, California 90016, Los Angeles, 90016 - 2 bed, 1 bath
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Los Angeles, California 90016
This property presents a High-Potential Investment Opportunity with a List Price of $949,000—positioned well above the $731,108 Fair Market Value by 29%. While the current structure has a Condition Rating of 6, the primary value lies in the LAR2 Zoning and the capacity for 4-unit development. This asset is strictly a land-value play, ideal for Real Estate Developers or Buy-and-Hold Investors focused on high-density urban expansion in the competitive 90016 market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1946 Hillcrest Subject | $949,000* List Price | 2 | 1 | 1,507 | $485 | - |
A 2115 S Redondo Boulevard Sold | $878,000 | 3 | 1 | 1,399 | $628 | 0.9 mi |
B 2413 S Victoria Avenue Sold | $725,000 | 3 | 1 | 1,385 | $523 | 0.4 mi |
C 2524 Alsace Ave Sold | $710,000 | 3 | 2 | 1,071 | $663 | 1.0 mi |
D 3018 S Victoria Avenue Active Under Contract | $850,000 List Price | 3 | 1 | 1,550 | $548 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1911 (>100 years old) with no mention of renovations. The listing is marketed specifically for its LAR2 lot development potential to build 4 new units, and the provided images are architectural plans for new construction, indicating the existing structure holds no value beyond the land.
The property is situated on a LAR2 lot with the specific capacity to build up to 4 units (4 bed/4 bath each), offering significant upside for developers and investors.
Located in the high-demand Mid Los Angeles area (90016), the property provides excellent proximity to Culver City, West Adams, and major transit corridors.
The 6,601-square-foot lot offers a generous footprint for residential expansion or high-density redevelopment in a competitive urban market.
Built in 1911, the existing 2-bedroom, 1-bathroom structure likely requires extensive modernization or demolition to meet contemporary living standards.
The list price reflects the property's development potential rather than the utility of the current residence, which may deter traditional single-family homebuyers.
6,601 Lot on a LAR2 lot ( Build 4 Units 4 Bed 4 Bath Each )
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 20% |
| Baths | 1.0 | 2.0 | 23% |
| Square foot | 1,507 | 1,480 | 50% |
| Lot Size | 6,601 | 6,001.5 | 71% |
| Price | $949.0K | $980.0K | 41% |
| Price per sq ft | $630 | $725 | 30% |
| Built year | 1911 | 1928 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 123 | 4% |
May 16, 2026
$949,000
Initial Listing