2540 Onyx, Los Angeles, California 90032, Los Angeles, 90032 - 4 bed, 2 bath
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2540 Onyx
Los Angeles, California 90032
ACTIVE
CONDITION: TEAR DOWN
4Beds
2Baths
1,400Sq Ft
13,815Lot Size
Property Price
LIST PRICE$750,000
EST. MARKET VALUE
$687,175
9% AboveMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $750,000—positioned well below the $687,175 Fair Market Value by -9%. Featuring a 13,815 sq. ft. hillside lot and scenic canyon views, the structure carries a Condition Rating of 6, necessitating extensive renovation. The significant lot-to-living-area ratio provides substantial development potential for those capable of managing hillside construction. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors seeking a major value-add project in Los Angeles.
Estimated Market Value
$687,175
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2540 Onyx Subject | $750,000* List Price | 4 | 2 | 1,400 | $491 | - |
A 2248 N Indiana Avenue Sold | $725,000 | 2 | 2 | 1,491 | $486 | 0.5 mi |
B 2626 Commodore Active Under Contract | $645,900 List Price | 3 | 2 | 1,480 | $436 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1926 (100 years old) with no evidence of renovation, this property fits the tear-down criteria. The listing and images confirm it is likely unlivable, showing a collapsed ceiling, dilapidated and dangerous exterior stairs, and severely damaged flooring. The agent explicitly markets this as a 'substantial work' project for investors, focusing on the land value and hillside potential rather than the existing structure.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13815, living area = 1400.
- Expansive Lot Size
The property features a generous 13,815 sq. ft. hillside lot, offering rare privacy and significant development potential in a dense Los Angeles market.
- Scenic Hillside Views
Positioned to capture impressive views of the canyon, hills, and city lights, providing the essential aesthetic appeal for a high-end hillside retreat.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1400, other record living area = 780. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
- Extensive Renovation Required
The 1926 structure is in need of substantial work and is sold as-is, requiring a buyer with significant capital and experience in hillside construction.
- Financing Limitations
Due to the property's current condition, it likely requires cash or specialized renovation financing, which limits the pool of eligible buyers.
About 2540 Onyx
**INVESTOR OPPORTUNITY – HILLSIDE PROPERTY WITH INCREDIBLE POTENTIAL!** Bring your contractor and your vision to 2540 Onyx Drive. Situated on an approximately 13,800 sq. ft. hillside lot, this unique property offers privacy, beautiful hillside surroundings and impressive views in a highly desirable Los Angeles location. The existing residence is in need of extensive renovation and is being sold in its present condition. This is an ideal opportunity for an experienced investor, developer or buyer looking to create a custom hillside retreat. Renovate the existing home or explore the possibilities for a more extensive transformation of the property, subject to buyer verification and applicable city requirements. Conveniently located with easy access to Downtown Los Angeles, Pasadena and the San Fernando Valley, yet tucked away in a private hillside setting that feels removed from the city. **Investors and experienced renovation buyers encouraged. Property requires substantial work. Cash or appropriate renovation financing may be required. Buyer to independently verify square footage, lot size, zoning, development potential, permits and all property information.** A rare opportunity to transform a large Los Angeles hillside property into something truly special.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1926
- Lot Size
- 13,815 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,400 | 1,664.159 |
| Lot Size | 13,815 | 6,066.556 |
| Price | $750.0K | $1.35M |
| Price per sq ft | $536 | $806 |
| Built year | 1926 | 1939 |
| HOA | $0 | $278 |
| Days on market | 20 | 55 |
Pricing History
Listed for Sale
Aug 20, 2026
$750,000
Initial Listing