1947 Delta, Los Angeles, California 90026, Los Angeles, 90026 - 1 bed, 1 bath
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Los Angeles, California 90026
This R3-Zoned Development Asset represents a High-Potential Investment Opportunity listed at $1,000,000, a stable acquisition price closely aligned with its $996,904 Fair Market Value. While the existing structure maintains a functional Condition Rating of 4, the primary value is anchored by the expansive 6,465 sq ft lot and Panoramic Malibu Views. The R3 zoning provides a significant value-add opportunity for multi-unit expansion in a high-demand pocket near Clifford Street Elementary and John Marshall Senior High. This is a strategic land-play for Developers or Savvy Investors looking to maximize density and ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1947 Delta Subject | $1,000,000* List Price | 1 | 1 | 661 | $1,477 | - |
A 1637 Mccollum Sold | $1,035,500 | 1 | 1 | 624 | $1,659 | 0.5 mi |
B 1710 Morton Avenue Sold | $1,200,000 | 2 | 2 | 850 | $1,412 | 0.4 mi |
C 1748 Redesdale Avenue Sold | $1,200,000 | 2 | 1 | 921 | $1,303 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1913, this property is described as 'move-in ready,' which suggests it has been maintained and likely underwent updates approximately 15 to 30 years ago. While the home is functional and livable, its age and the lack of a recent comprehensive renovation indicate that the kitchen, bathroom, and major systems are likely dated. The primary value of this listing lies in the large R3-zoned lot and development potential rather than the modern quality of the existing 661 sqft structure.
The property features a generous 6,465 sq ft lot with R3 zoning, providing a rare opportunity to add a second or third unit in a high-demand Los Angeles neighborhood.
Situated in the desirable 90026 zip code, the home is within the boundaries of highly-rated schools such as Clifford Street Elementary and John Marshall Senior High.
The elevated lot offers exceptional panoramic views that can extend to Malibu on clear days, significantly enhancing the property's long-term value and appeal.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
At only 661 square feet with a 1-bedroom, 1-bathroom configuration, the current residence is very small, resulting in a high price-per-square-foot for the existing structure.
The description notes that 'climbing is required' to access the views at the top of the yard, suggesting steep terrain that may complicate future development or landscaping efforts.
Move-in ready. With a lot of potential for a second or third unit in this large 6460 sq ft R3 lot, A great Panoramic view to Malibu on a clear day from the top of the back yard (climbing required)
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 0.4 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 9% |
| Baths | 1.0 | 2.0 | 26% |
| Square foot | 661 | 1,438.5 | 6% |
| Lot Size | 6,465 | 5,001 | 74% |
| Price | $1.00M | $1.38M | 23% |
| Price per sq ft | $1.5K | $942 | 89% |
| Built year | 1913 | 1926 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 168 | 10% |
Mar 6, 2026
$1,000,000
Initial Listing
Mar 5, 2026
$100,000
Initial Listing