2345 S Garth Avenue, Los Angeles, California 90034, Los Angeles, 90034 - 3 bed, 1 bath
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Los Angeles, California 90034
This High-Density Redevelopment Asset represents a High-Potential Investment Opportunity listed at $1,199,000—positioned well below the $1,222,632 Fair Market Value by 2%. This valuation gap provides $23,632 in Instant Equity for an acquisition focused on land value and density. With a Condition Rating of 6, the property is a major fixer/tear-down, but the expansive 7,488 sq ft lot and LARD1.5 Zoning allow for the development of multiple units in the high-demand Beverlywood Vicinity. This trust sale is an ideal high-yield project for Real Estate Developers or Portfolio Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2345 S Garth Avenue Subject | $1,199,000* List Price | 3 | 1 | 1,501 | $815 | - |
A 2624 S Garth Avenue Active Under Contract | $1,399,000 List Price | 2 | 2 | 1,659 | $843 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1924 (100 years old) with no evidence of significant renovations. The listing explicitly markets the property as a 'major fixer/tear-down' with development potential. Interior shows outdated wall heaters and a dated bathroom, while the agent emphasizes the land value and LARD1.5 zoning for multiple units.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7488, living area = 1501.
The LARD1.5 zoning on a generous 7,488 sq ft lot provides a rare opportunity to develop multiple units in a high-demand Los Angeles submarket.
Situated in the desirable Beverlywood vicinity, the property offers excellent proximity to major transit corridors while maintaining a surprisingly quiet atmosphere.
The property is in poor condition and requires significant capital expenditure for a full renovation or complete demolition and rebuild.
The existing 1924 structure features an outdated 3-bedroom, 1-bathroom configuration that lacks the modern amenities and layout expected by today's buyers.
CALLING ALL DEVELOPERS! THIS BEVERLYWOOD ADJACENT MAJOR FIXER/TEAR-DOWN SITS ON A LARGE, NEARLY 7,500 SQ FT LOT! 3 BED, 1 BATH PROPERTY IS ZONED LARD1.5, ALLOWING FOR MULTIPLE UNITS--OFFERING OUTSTANDING DEVELOPMENT POTENTIAL. DESPITE ITS PROXIMITY TO THE 10 FREEWAY, THE PROPERTY IS SURPRISINGLY QUIET. DON'T MISS OUT ON THE BEST VALUE IN THE AREA! TRUST SALE . . . NO COURT CONFIRMATION REQUIRED.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 17% |
| Square foot | 1,501 | 1,642.5 | 33% |
| Lot Size | 7,488 | 5,803 | 83% |
| Price | $1.20M | $1.64M | 16% |
| Price per sq ft | $799 | $1.0K | 17% |
| Built year | 1924 | 1941 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 149 | 2% |
Apr 17, 2026
$1,199,000
Initial Listing
May 5, 1995
$150,000
Public Record