
Los Angeles, California 90016
This property presents a High-Potential Investment Opportunity with a List Price of $899,000—positioned well above the $725,118 Fair Market Value by -23%. Featuring a Condition Rating of 6, this Residential Income Asset offers immediate cash flow via a 2-on-1 configuration while providing significant upside for ground-up development. The 4,846-square-foot lot is situated in a high-demand infill market, making it a strategic acquisition for Builders and Developers or Buy-and-Hold Investors looking to capitalize on the ongoing redevelopment trend in Mid-Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2213 S Spaulding Subject | $899,000* List Price | 3 | 2 | 1,384 | $524 | - |
A 2112 S Burnside Avenue Sold | $690,000 | 0 | 0 | 1,398 | $494 | 0.5 mi |
B 5441 Smiley Drive Active | $859,000 List Price | 0 | 0 | 1,370 | $627 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1947 (79 years old) with no evidence of renovations. The listing is explicitly marketed to builders and developers as a 'buildable parcel' for 'ground-up development,' indicating the primary value is in the land rather than the aging structures.
The property is situated in a high-demand infill market with a clear trend toward 3-4 unit residential redevelopments, offering significant upside for builders and developers.
The unique 2-on-1 configuration featuring two separate residences allows for immediate cash flow to offset holding costs while future development plans are finalized.
Located in a rapidly appreciating neighborhood near major transportation corridors and employment centers, ensuring strong long-term value and tenant demand.
Built in 1947, the existing structures likely require substantial renovation or complete replacement to meet modern standards, necessitating significant upfront capital.
The realization of maximum density and development potential is subject to buyer verification of complex zoning laws and agency approvals, which may impact project feasibility.
Builders, Developers, and Contractors – Exceptional Value-Add Opportunity! Prime opportunity to acquire an under-market 4,846-square-foot buildable parcel in the next upward-trending sought-after Mid-Los Angeles area, surrounded by ongoing redevelopment and new construction. This property offers tremendous upside potential for investors, builders, and developers seeking their next project in a rapidly evolving neighborhood. The site is currently a two-on-one property: a front 2-bedroom, 1-bath single-family residence and a detached rear 1-bedroom, 1-bath single-family residence. It offers immediate rental income while development plans are explored. Nearby properties have recently completed or are currently constructing three- and four-unit residential developments, illustrating strong demand and a redevelopment trend throughout the area. Additional features include a long private driveway leading to a detached two-car garage, a separate storage room, ample on-site parking, and a lot configuration that may lend itself to a variety of future development possibilities (buyer to verify all zoning, density, and development potential with the appropriate agencies). Whether you're looking to renovate, expand, hold for income, or pursue a ground-up development project, this property presents a rare opportunity to capitalize on one of Los Angeles' most active infill markets. Conveniently located near major transportation corridors, employment centers, shopping, dining, and entertainment. Bring your vision and unlock the full potential of this outstanding investment opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 5.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,384 | 2,250 |
| Lot Size | 4,846 | 5,864 |
| Price | $899.0K | $826.7K |
| Price per sq ft | $650 | $395 |
| Built year | 1947 | 1925 |
| HOA | $0 | $0 |
| Days on market | 33 | 83 |
Jun 19, 2026
$899,000
Initial Listing