2113 Midvale Avenue, Los Angeles, California 90025, Los Angeles, 90025 - 4 bed, 2 bath
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Los Angeles, California 90025
This Shovel-Ready Development Asset in Westwood offers a streamlined path to construction with a List Price of $2,350,000. The pricing reflects the significant value-add of fully entitled, seller-paid permits for a 3,845 sq. ft. luxury residence and ADU, bypassing the $1,973,757 Fair Market Value of the existing structure in Tear-Down Condition. Located near 9/10 rated Fairburn Avenue Elementary in the Los Angeles Unified district, this project eliminates entitlement risk and accelerates development timelines. It is a high-execution-potential acquisition for Real Estate Developers or Owner-Builders seeking immediate project commencement.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2113 Midvale Avenue Subject | $2,350,000* List Price | 4 | 2 | 2,109 | $936 | - |
A 2054 Manning Avenue Sold | $2,210,000 | 4 | 3 | 2,189 | $1,010 | 0.5 mi |
B 2055 Parnell Sold | $2,200,000 | 3 | 3 | 2,304 | $955 | 0.5 mi |
C 2030 Pelham Avenue Sold | $1,750,000 | 3 | 2 | 1,551 | $1,128 | 0.4 mi |
D 2115 Holmby Avenue Pending | $1,995,000 List Price | 3 | 3 | 1,659 | $1,203 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property was built in 1929, making it 95 years old. The listing explicitly markets this as a 'shovel-ready project' with approved plans for a new 3,845 sq. ft. residence, and the property analysis notes the existing structure's age 'likely requiring demolition or extensive renovation.' The provided image is a rendering of the proposed new construction, not the current dwelling. This indicates the value is solely in the land and its development potential, aligning with the 'tear-down' criteria.
Elementary School: Fairburn Avenue Elementary School (9/10).
This is a fully entitled project with all permits approved and paid by the seller, allowing immediate construction and eliminating significant entitlement uncertainty and delays.
Situated in a highly desirable residential neighborhood on a quiet street, offering excellent proximity to everyday conveniences, dining, shopping, and major commuter routes.
The property was recently sold within the past year on 2025-09-12. The sold price is $2,000,000.00.
The current property was built in 1929, implying that the primary value is in the land and development potential, likely requiring demolition or extensive renovation of the existing structure.
The property explicitly states 'None' for views, which can be a drawback in a luxury Los Angeles market where scenic vistas often command a premium.
A rare opportunity to move forward immediately with a fully entitled, shovel-ready project in the highly desirable residential neighborhood of Westwood. All permits have been approved and will be paid by the seller, allowing the new owner to commence construction without delay eliminating entitlement uncertainty and significantly accelerating the development timeline. This offering provides a streamlined path to execution, ideal for developers or end-users seeking to build in a coveted Westwood location. Approved architectural plans call for approximately 3,845 sq. ft. of total living space, including an ADU and a two-car garage, with 5 thoughtfully designed bedrooms distributed throughout the residence. The modern layout features open-concept living, high ceilings, seamless indoor-outdoor flow, and a luxury-forward program tailored for today's buyer. Situated on a quiet neighborhood street amid ongoing development and new construction, the property benefits from proximity to everyday conveniences, dining, shopping, and major commuter routes supporting both livability and long-term value. With strong project fundamentals, fully approved status and a design aligned with current market demand, this offering presents clear execution potential and compelling upside.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 64% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 2,109 | 1,804 | 64% |
| Lot Size | 6,765 | 6,250 | 76% |
| Price | $2.35M | $1.94M | 76% |
| Price per sq ft | $1.1K | $1.1K | 52% |
| Built year | 1929 | 1936 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 105 | 105 | 52% |
Jan 7, 2026
$2,350,000
Initial Listing
Sep 12, 2025
$2,000,000
Public Record