
Los Angeles, California 90041
This property presents a High-Potential Investment Opportunity with a List Price of $1,350,000—positioned above the $1,295,892 Fair Market Value by 4%. While the property requires a full renovation given its Condition Rating of 5, the R3 Zoning and Transit Oriented Communities (TOC) eligibility provide significant upside for multifamily development. Featuring a 7,498 sqft lot and a dual-structure layout, this asset is perfectly positioned for Multifamily Developers or Buy-and-Hold Investors looking to maximize density in a prime Eagle Rock location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2016 Fair Park Avenue Subject 3 bd · 2 ba · 1,382 sqft · $938 | $1,350,000* List Price | 3 | 2 | 1,382 | $938 | - |
A 5231 Rockland Avenue Sold 2 bd · 1 ba · 1,064 sqft · $1,001 · 0.5 mi | $1,065,000 | 2 | 1 | 1,064 | $1,001 | 0.5 mi |
B 5172 Hartwick Street Sold 2 bd · 1 ba · 1,120 sqft · $1,054 · 1.0 mi | $1,180,000 | 2 | 1 | 1,120 | $1,054 | 1.0 mi |
C 1541 Chickasaw Avenue Sold 2 bd · 1 ba · 1,222 sqft · $900 · 0.7 mi | $1,100,000 | 2 | 1 | 1,222 | $900 | 0.7 mi |
D 1533 N Avenue 46 Sold 2 bd · 1 ba · 1,260 sqft · $806 · 0.8 mi | $1,015,000 | 2 | 1 | 1,260 | $806 | 0.8 mi |
E 2338 Ridgeview Active 4 bd · 3 ba · 1,352 sqft · $736 · 0.5 mi | $995,000 List Price | 4 | 3 | 1,352 | $736 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1923, this property shows significant signs of age with a kitchen that is over 30 years old, featuring missing cabinet doors and dated tile. The listing's heavy emphasis on R3 zoning and multifamily development potential, combined with the 'bring your creativity' call to action, indicates the structures require a full rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7498, living area = 1382.
Elementary School: Delevan Drive Elementary School (9/10).
Zoned R3 with potential Transit Oriented Communities (TOC) incentives, this property offers a rare opportunity for investors to develop a high-density multifamily project in a prime Los Angeles submarket.
Originally built in 1923, the property likely requires significant capital expenditure to modernize aging systems and structural elements to meet contemporary standards.
At a list price of $1.35M for 1,382 square feet, the valuation is heavily weighted toward land and zoning potential, which may be a barrier for traditional end-user buyers not looking to develop.
Discover this centrally located Eagle Rock gem offering two separate structures, a spacious backyard, and exciting future possibilities. The charming front residence features 2 bedrooms and 1 bathroom, complemented by an inviting front porch that adds character and curb appeal. Inside, a generously sized kitchen opens to a covered rear porch, creating a natural transition to the expansive backyard an ideal setting for outdoor dining, entertaining, gardening, or simply enjoying your own private outdoor space. Adding to the property's versatility is a separate rear structure featuring 2 rooms and 1 bathroom, providing additional space that may be ideal for a home office, studio, guest accommodations, or other uses subject to applicable permits and regulations. Located in the highly desirable Eagle Rock area of Los Angeles, the property offers convenient access to the neighborhood's popular shops, cafes, restaurants, markets, everyday services, and nearby public transportation. Adding significant appeal for investors and developers, the property is zoned R3, offering potential for multifamily residential development. Its location may also provide opportunities for increased density and other development incentives available under applicable Transit Oriented Communities (TOC) and affordable-housing programs, subject to eligibility and approval by the City of Los Angeles. Buyers and developers are encouraged to independently investigate zoning, TOC eligibility, allowable density, affordability requirements, development incentives, and all potential uses with the appropriate governmental agencies. Whether envisioned as a charming residence with additional flexible space, an investment property, or a future multifamily development opportunity, this Eagle Rock property offers a compelling combination of location, land-use potential, and versatility. Bring your creativity and explore the possibilities this unique property has to offer!
No exterior & parking available.
Grades K-6 • 0.0 mi
Grades K-6 • 0.8 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,382 | 1,670.836 |
| Lot Size | 7,498 | 6,152.156 |
| Price | $1.35M | $1.34M |
| Price per sq ft | $977 | $807 |
| Built year | 1923 | 1941 |
| HOA | $0 | $238 |
| Days on market | 31 | 56 |
Oct 9, 2026
$1,350,000
Initial Listing
Sep 13, 2022
$1,100,000
Public Record