
Los Angeles, California 90025
This Prime Development Asset is listed at $1,995,000, positioned as a premium land-value play relative to its $1,804,102 Fair Market Value. Marketed with a Condition Rating of 5, the property is a definitive "rehab or rebuild" project on a generous 7,000 sq. ft. lot. Key highlights include a permitted sound studio and access to the 9/10 rated Fairburn Avenue Elementary. Located on a tranquil non-through street near Century City, this site offers massive upside for Real Estate Developers and Value-Add Investors seeking a custom Westside estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2138 Holmby Avenue Subject | $1,995,000* List Price | 2 | 1 | 1,095 | $1,648 | - |
A 2123 Greenfield Avenue Sold | $1,720,000 | 3 | 2 | 1,194 | $1,441 | 0.9 mi |
B 1900 Holmby Avenue Active | $1,875,000 List Price | 2 | 2 | 1,285 | $1,459 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1925 and held by the same owner for over 40 years, the property is explicitly marketed as a 'rehab opportunity' or 'total rebuild.' The kitchen and systems are severely dated, and the listing notes the need for a complete renovation to address nearly a century of age.
Elementary School: Fairburn Avenue Elementary School (9/10).
Situated on a generous 7,000 sq. ft. lot in a high-demand Westwood location, this property offers significant upside for a total rebuild or major renovation, aligning with the neighborhood trend of luxury new constructions.
The inclusion of a permitted sound studio provides rare versatility, offering an immediate solution for a professional home office, recording space, or creative studio without the need for additional permitting.
As a 1925 structure marketed for rehab or rebuild, the property requires significant capital investment to address deferred maintenance and modernize the living space.
The current 2-bedroom, 1-bathroom configuration is undersized for the price point, making the acquisition primarily a land-value play rather than a move-in ready residential option.
Rare Development Opportunity or owner/user rehab opportunity. First time on the market in over 40 Years! This is an incredible location, on a non-through street offering tranquility from the hustle and bustle of LA traffic. The property offers a gentle upslope to provide separation from the street and garage and the serenity of privacy and a welcoming ambiance at the back of the lot. Mature trees shade the property from the direct sunlight, creating a beautiful canopy for the charming garden and yard. There is also a permitted sound studio suitable for home office, recording or photography studio, children's playhouse or private mancave or woman cave. This lovely 2-bedroom 1 bathroom home, with sunken living room with architectural fireplace, is looking for its next steward to provide the TLC and love needed to create a wonderful opportunity for either a complete rehab or total rebuild. Either way, a dream home awaits, on an approximate 7000 sq. ft. lot, offering endless possibilities. Nearby properties have large, recently built homes, and this property provides an upside potential for any and all upgrades or a completely new build. Bring your contractor/architect to reimagine all possibilities. Nearby are Westfield Century City Mall, UCLA, Beverly Hills, 10 freeway plus Westwood Charter School. Easily shown during Tuesday's Broker Caravan.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 12% |
| Baths | 1.0 | 3.0 | 8% |
| Square foot | 1,095 | 1,811 | 12% |
| Lot Size | 6,986 | 6,141.5 | 92% |
| Price | $2.00M | $1.97M | 50% |
| Price per sq ft | $1.8K | $1.1K | 96% |
| Built year | 1925 | 1937 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 101 | 4% |
Apr 24, 2026
$1,995,000
Initial Listing