2536 S Dunsmuir Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 2 bed, 1 bath
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Los Angeles, California 90016
This Prime Development Asset features a List Price of $975,000 against a Fair Market Value of $771,489. While priced above residential estimates, the value is driven by RD1.5 Zoning and SB 8 Clearance, facilitating a fourplex or small-lot subdivision. The 5,200 sq ft flat lot is in a strategic Opportunity Zone in West Adams, offering tax advantages near Culver City. With a Condition Rating of 6, the site is a vacant "clean slate" for immediate construction. This is a high-upside acquisition for Real Estate Developers and Institutional Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2536 S Dunsmuir Avenue Subject | $975,000* List Price | 2 | 1 | 930 | $830 | - |
A 5649 W Jefferson Boulevard Sold | $1,065,000 | 3 | 1 | 1,148 | $928 | 0.8 mi |
B 2134 S Sycamore Avenue Pending | $699,000 List Price | 2 | 1 | 921 | $759 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is explicitly marketed as a development opportunity rather than a habitable residence. Built in 1925, the listing describes the site as a 'clean slate' for a brand-new fourplex or subdivision, emphasizing the RD1.5 zoning and SB 8 clearance. The value is based entirely on the land and redevelopment potential, with the existing structure likely requiring demolition to achieve the highest and best use.
The property features RD1.5 zoning on a flat 5,200 sq ft lot with an SB 8 clearance letter already in hand, significantly streamlining the path for a fourplex or small-lot subdivision.
Situated in the rapidly appreciating West Adams area and within an Opportunity Zone, the site offers strategic proximity to Culver City and DTLA along with potential tax advantages for investors.
The residence will be delivered completely vacant at the close of escrow, eliminating the complexities and costs associated with tenant relocation or low-income replacement requirements.
The existing 1925 structure is likely a teardown or requires extensive renovation, meaning the value is primarily in the land and development potential rather than the current improvements.
Assigned secondary schools, such as Audubon Middle and Dorsey High, carry low ratings (2/10), which could impact the long-term desirability for family-oriented tenants or buyers.
We are pleased to present for sale an exceptional development opportunity located in the heart of West Adams! Situated on a 5,200 sq ft flat lot (40 ft x 130 ft) with RD1.5 zoning, this property offers outstanding potential for redevelopment. Ideal for a brand-new fourplex or small-lot subdivision project (buyer to verify). The existing 3 BD/1 BA single-family residence will be delivered vacant at close of escrow, providing a clean slate for immediate planning and construction. SB 8 clearance letter is already in hand confirming no low-income replacement requirement, significantly streamlining the development process. No tenant relocation required. Located within an Opportunity Zone, this property presents additional potential tax advantages for investors (buyer to verify with CPA). The flat topography makes site planning efficient and cost-effective. Centrally positioned near the vibrant dining, shopping, and transit options that make West Adams one of Los Angeles' most dynamic and rapidly evolving neighborhoods. Convenient access to Culver City, DTLA, USC, and major transportation corridors. A rare chance to secure a vacant, development-ready lot in a strong rental and growth corridor. Contact listing agent for more details!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 28% |
| Baths | 1.0 | 2.0 | 26% |
| Square foot | 930 | 1,409.5 | 11% |
| Lot Size | 5,249 | 5,277.5 | 50% |
| Price | $975.0K | $1.03M | 43% |
| Price per sq ft | $1.0K | $748 | 93% |
| Built year | 1925 | 1927 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 188 | 4% |
Mar 3, 2026
$975,000
Initial Listing
Mar 25, 2005
$381,000
Public Record
Oct 14, 2003
$250,000
Public Record
Nov 13, 2002
$145,000
Public Record