2123 Groveland Drive, Los Angeles, California 90046, Los Angeles, 90046 - 0 bed, 0 bath
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Los Angeles, California 90046
Analysis of 2123 Groveland Drive, Los Angeles, California 90046 is currently available with a list price of $199,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property is a vacant land parcel with no existing residential structure, kitchen, or bathrooms; it is unlivable and its value is based entirely on the land and development potential.
Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Situated in the highly sought-after Hollywood Hills West, the property is zoned for top-rated schools including Wonderland Avenue Elementary, significantly enhancing its long-term investment appeal.
The availability of previous reports and documentation streamlines the initial due diligence process, providing a head start for buyers looking to design and construct a custom hillside residence.
Building on a hillside parcel in Los Angeles involves significant engineering requirements, strict building codes, and higher site preparation costs compared to traditional flat lots.
The current list price is substantially lower than the 2020 sale price of $425,000, which may suggest previous development hurdles or a significant correction in land valuation for this specific site.
An exceptional land offering in the Hollywood Hills surrounded by established homes with potential for a custom residence. This vacant parcel presents the opportunity to build a new home in a hillside setting. The property offers flexibility for those looking to design and construct a residence suited to their vision. Previous reports and documentation are available and can be provided upon request.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.5 mi
Grades K-6 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 1% |
| Baths | 0.0 | 3.0 | 1% |
| Square foot | - | 2,338 | 1% |
| Lot Size | 7,502 | 7,611 | 48% |
| Price | $199.0K | $2.33M | 1% |
| Price per sq ft | $0 | $957 | 1% |
| Built year | 0 | 1957 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 183 | 3% |
Mar 3, 2026
$199,000
Initial Listing
Mar 3, 2020
$425,000
Public Record
Mar 20, 2007
$75,000
Public Record