1947 Delta Street, Los Angeles, California 90026, Los Angeles, 90026 - 2 bed, 1 bath
ACTIVE$1,000,000
1947 Delta Street, Los Angeles, California 90026
2Beds
1Bath
661Sqft
6,465Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Development Potential: The property boasts R3 zoning and the explicit potential to be packaged with two neighboring R3 zoned lots, creating over 20,000 sq ft of land, ideal for a builder's dream project.
Top Cons:
Advanced Age of Existing Structure: Built in 1913, the current 661 sq ft home is over a century old, likely requiring extensive renovation, modernization, or demolition, adding significant costs to any development plan.
Compared to the nearby listings
Price:$1.00M vs avg $1.53M ($-532,500)13%
Size:661 sqft vs avg 1,590 sqft5%
Price/sqft:$1.5K vs avg $99295%
More Insights
Built in 1913 (112 years old).
Condition: Built in 1913, this property is over 110 years old with no evidence of significant recent renovations. The kitchen features very dated dark wood cabinets and tile flooring, and the bathroom is not pictured, suggesting it is also in poor condition. Heating is via a wall-mounted unit, and there is no central cooling. The overall aesthetic is extremely outdated and neglected, both inside and out. The listing description itself emphasizes the 'potential of a large lot in the area with R3 zoning to packages together with the two neighboring lots for a builders dream,' indicating that the value lies almost entirely in the land for redevelopment, rather than the existing small (661 sqft) and dilapidated structure.
Year Built
1913
Close
-
List price
$1M
Original List price
$1M
Price/Sqft
$1,513
HOA
-
Days on market
-
Sold On
-
MLS number
SB25243827
Home ConditionTear down
Features
Good View: City Lights
ViewCity Lights
About this home
Location is superb because of the view to cities and ocean and a clear day. But what s more important is the potential of a large lot in the area with R3 zoning to packages together with the two neighboring lots for a builders dream 3 adjacent lots for total land of over 20k sq ft all 3 being R3 zoning.
Nearby schools
8/10
Clifford Street Elementary School
Public,•K-6•0.4mi
2/10
Mayberry Street Elementary School
Public,•K-6•0.4mi
3/10
Elysian Heights Elementary School
Public,•K-6•0.6mi
5/10
Micheltorena Street Elementary School
Public,•K-5•1.0mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•1.0mi
4/10
Betty Plasencia Elementary School
Public,•K-6•1.2mi
8/10
Allesandro Elementary School
Public,•K-6•1.3mi
7/10
Dorris Place Elementary School
Public,•K-6•1.3mi
/10
Lake Street Primary School
Public,•K-1•1.3mi
7/10
Solano Avenue Elementary School
Public,•K-6•1.6mi
6/10
Castelar Street Elementary School
Public,•K-5•1.7mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•1.8mi
2/10
Logan Street Elementary School
Public,•K-8•0.4mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.5mi
3/10
Sal Castro Middle School
Public,•6-8•1.6mi
5/10
Virgil Middle School
Public,•6-8•2.0mi
5/10
Florence Nightingale Middle School
Public,•6-8•2.3mi
6/10
Irving STEAM Magnet
Public,•6-8•2.5mi
3/10
Belmont Senior High School
Public,•9-12•1.6mi
8/10
John Marshall Senior High School
Public,•9-12•2.0mi
Condition Rating
Tear down
Built in 1913, this property is over 110 years old with no evidence of significant recent renovations. The kitchen features very dated dark wood cabinets and tile flooring, and the bathroom is not pictured, suggesting it is also in poor condition. Heating is via a wall-mounted unit, and there is no central cooling. The overall aesthetic is extremely outdated and neglected, both inside and out. The listing description itself emphasizes the 'potential of a large lot in the area with R3 zoning to packages together with the two neighboring lots for a builders dream,' indicating that the value lies almost entirely in the land for redevelopment, rather than the existing small (661 sqft) and dilapidated structure.
Pros & Cons
Pros
Significant Development Potential: The property boasts R3 zoning and the explicit potential to be packaged with two neighboring R3 zoned lots, creating over 20,000 sq ft of land, ideal for a builder's dream project.
Exceptional Views: Offers superb, clear-day views of the city lights and ocean, a highly desirable and value-adding feature in the Los Angeles market.
Prime Los Angeles Location: Situated in a sought-after Los Angeles area (MLS area 637 - Los Feliz), known for its desirability and strong real estate market.
Generous Individual Lot Size: The property itself sits on a substantial 6,465 sq ft lot, providing ample space for a significant new build or expansion, even without combining with adjacent parcels.
Access to Highly-Rated Schools: Located near several public schools with high ratings, including John Marshall Senior High School (8) and Clifford Street Elementary School (8), appealing to families.
Cons
Advanced Age of Existing Structure: Built in 1913, the current 661 sq ft home is over a century old, likely requiring extensive renovation, modernization, or demolition, adding significant costs to any development plan.
Small and Outdated Existing Home: The existing 2-bed, 1-bath, 661 sq ft structure is very small and likely outdated, offering limited appeal for buyers seeking a ready-to-live-in family home at its current price point.
Complexity of Assembling Adjacent Lots: While the potential to combine with neighboring R3 lots is a major strength, the process of acquiring and packaging these additional properties can be complex, time-consuming, and may involve multiple negotiations.