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2624 S Garth Avenue, Los Angeles, California 90034, Los Angeles, 90034 - 2 bed, 2 bath

2624 S Garth Avenue, Los Angeles, California 90034 home-pic-0
ACTIVE$1,450,000
2624 S Garth Avenue, Los Angeles, California 90034
2Beds
2Baths
1,659Sqft
7,503Lot

Price Vs. Estimate

The estimated value ($1,343,363.11) is $106,636.89 (7%) lower than the list price ($1,450,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 7503, living area = 1659.
Top Cons:
Age of Existing Structure: The current single-family residence was built in 1932, suggesting it is likely outdated and would require significant renovation or demolition, adding to initial development costs.

Compared to the nearby listings

Price:$1.45M vs avg $1.62M ($-175,000)35%
Size:1,659 sqft vs avg 1,742 sqft46%
Price/sqft:$874 vs avg $98830%

More Insights

Built in 1932 (93 years old).
Condition: Built in 1932, this property exhibits an extremely dated interior with no apparent major renovations in the past 50 years. The kitchen features original or very old cabinets, linoleum flooring, and outdated appliances. Other rooms show worn carpets, wood paneling, and dated light fixtures. The presence of window AC units indicates a lack of modern climate control. The listing description itself highlights the property's 'massive redevelopment potential' and R3 zoning, explicitly stating the existing structure 'would require significant renovation or demolition,' suggesting its value lies almost entirely in the land for future development rather than the current dwelling.
Year Built
1932
Close
-
List price
$1.45M
Original List price
$1.45M
Price/Sqft
$874
HOA
-
Days on market
-
Sold On
-
MLS number
25627737
Home ConditionTear down
Features
Patio
View-

About this home

2624 S. Garth Ave presents an exceptional chance to secure a highly sought-after R3-zoned property with massive redevelopment potential. Situated on a quiet residential street, this flat lot offers the ability to build 9+ units, making it ideal for developers, investors, or long-term hold strategies. Perfectly positioned at the nexus of several thriving Westside neighborhoods, the property is walking distance to Culver City, The Platform, Ivy Station, the Metro E-Line, and an ever-growing collection of restaurants, creative offices, and lifestyle amenities. This central location provides unmatched accessibility and long-term demand for both rental and for-sale product. Opportunities of this scale and zoning in such a strong, walkable pocket are increasingly rare. Whether you're envisioning boutique apartments, modern townhomes 2624 S. Garth Ave offers the canvas, zoning, and location to execute a standout project. A premier opportunity in one of LA's most dynamic growth corridors this is the one you've been waiting for.

Price History

Date
Event
Price
09/01/93
Sold
$175,000
Condition Rating
Tear down
Built in 1932, this property exhibits an extremely dated interior with no apparent major renovations in the past 50 years. The kitchen features original or very old cabinets, linoleum flooring, and outdated appliances. Other rooms show worn carpets, wood paneling, and dated light fixtures. The presence of window AC units indicates a lack of modern climate control. The listing description itself highlights the property's 'massive redevelopment potential' and R3 zoning, explicitly stating the existing structure 'would require significant renovation or demolition,' suggesting its value lies almost entirely in the land for future development rather than the current dwelling.
Pros & Cons

Pros

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 = 7503, living area = 1659.
R3 Zoning & Redevelopment Potential: The property boasts highly sought-after R3 zoning, offering massive redevelopment potential with the ability to build 9+ units, ideal for developers and investors.
Prime Westside Location: Strategically located at the nexus of thriving Westside neighborhoods, providing unmatched accessibility to Culver City, The Platform, Ivy Station, and the Metro E-Line.
High Demand & Walkability: Situated in a strong, walkable pocket of Los Angeles, ensuring long-term demand for both rental and for-sale products due to proximity to amenities, restaurants, and creative offices.
Flat Lot for Easier Development: The flat lot simplifies construction and reduces development complexities and costs, making it an attractive canvas for multi-unit projects.
Exceptional Investment Opportunity: Represents a rare opportunity of scale and zoning in a dynamic growth corridor, suitable for long-term hold strategies and significant capital appreciation.

Cons

Age of Existing Structure: The current single-family residence was built in 1932, suggesting it is likely outdated and would require significant renovation or demolition, adding to initial development costs.
High Barrier to Entry for Development: Realizing the full potential of the R3 zoning requires substantial capital investment, navigating complex permitting processes, and a lengthy development timeline, which may deter some investors.
Lack of Scenic Views: The property explicitly states 'View: None,' which could be a minor drawback for future residents or tenants in a market where scenic views often command a premium.

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