2123 Groveland Drive, Los Angeles, California 90046, Los Angeles, 90046 - bed, bath
2123 Groveland Drive
Los Angeles, California 90046
Property Price
SUMMARY
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.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Prestigious Location & Schools
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.
- Development Readiness
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.
CONSRISKS & DEFICIENCIES
- Hillside Construction Complexity
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.
- Market Value Volatility
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.
About 2123 Groveland Drive
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- -
- Lot Size
- 7,502 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Wonderland Avenue Elementary School
Grades K-5 • 0.4 mi
West Hollywood Elementary School
Grades K-5 • 1.5 mi
Gardner Street Elementary School
Grades K-6 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 3.0 | 1% |
| Baths | - | 3.0 | 1% |
| Square foot | - | 2,310.5 | 2% |
| Lot Size | 7,502 | 7,502.5 | 50% |
| Price | $199.0K | $2.27M | 1% |
| Price per sq ft | $0 | $950 | 2% |
| Built year | - | 1958 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 168 | 1% |
Pricing History
Listed for Sale
Mar 3, 2026
$199,000
Initial Listing
Sold
Mar 3, 2020
$425,000
Public Record
Sold
Mar 20, 2007
$75,000
Public Record