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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 ($1,450,000) is $0 (0%) lower than the list price ($1,450,000). This property may be overpriced.

Key pros and cons

Top Pros:
R3 Zoning & Redevelopment Potential: Explicitly zoned R3, offering significant multi-family redevelopment opportunities in a high-demand urban corridor.
Top Cons:
Age of Existing Structure: Built in 1932, the current home is dated and likely requires substantial renovation or demolition, adding to overall project 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: The property was built in 1932, making it 92 years old. The listing description explicitly states it is a 'redevelopment opportunity' and 'sold primarily for land value,' indicating the existing structure is not the primary asset. Images confirm this, showing an extremely outdated kitchen with tiled countertops, old cabinets, and linoleum flooring, and a bathroom with vintage (likely original or very old) yellow and black tiled walls. There's no evidence of major renovations in the past 50 years, aligning with the 'tear-down' criteria.
Year Built
1932
Close
-
List price
$1.45M
Original List price
$1.45M
Price/Sqft
$874
HOA
-
Days on market
-
Sold On
-
MLS number
OC25189055
Home ConditionTear down
Features
ViewNeighborhood

About this home

R3 redevelopment opportunity! This 7,503 square foot lot is surrounded by new multifamily projects and strong rental demand. The existing 2-bedroom, 2-bath home also features a spacious bonus room with a full closet, offering flexibility to use as a 3rd bedroom or a family room. While the property is sold primarily for land value, it provides a clear path for redevelopment in one of LA’s most active growth centers. Centrally situated near Culver City, Silicon Beach, major freeways, and Metro lines, the neighborhood continues to attract developers seeking to maximize density and long-term value. A rare chance to redevelop a centrally located lot in a high-demand corridor. Whether building for resale, rental income, or a long-term hold, this property offers the zoning, location, and scale to bring your vision to life.

Price History

Date
Event
Price
09/01/93
Sold
$175,000
Condition Rating
Tear down
The property was built in 1932, making it 92 years old. The listing description explicitly states it is a 'redevelopment opportunity' and 'sold primarily for land value,' indicating the existing structure is not the primary asset. Images confirm this, showing an extremely outdated kitchen with tiled countertops, old cabinets, and linoleum flooring, and a bathroom with vintage (likely original or very old) yellow and black tiled walls. There's no evidence of major renovations in the past 50 years, aligning with the 'tear-down' criteria.
Pros & Cons

Pros

R3 Zoning & Redevelopment Potential: Explicitly zoned R3, offering significant multi-family redevelopment opportunities in a high-demand urban corridor.
Strategic Location: Centrally located near major employment hubs like Culver City and Silicon Beach, freeways, and Metro lines, ensuring strong future demand for housing.
Generous Lot Size: A 7,503 square foot lot provides ample space for maximizing density and developing multiple units, aligning with the R3 zoning.
Strong Market Demand: Situated in an active growth center surrounded by new multi-family projects and robust rental demand, indicating a favorable investment climate.
Interim Income Potential: The existing 2-bedroom, 2-bath home with a bonus room could provide rental income during the planning/permitting phase or serve as a temporary residence.

Cons

Age of Existing Structure: Built in 1932, the current home is dated and likely requires substantial renovation or demolition, adding to overall project costs.
Land Value Focus: The property is marketed primarily for its land value, suggesting the existing structure holds limited intrinsic value and may not appeal to traditional owner-occupants seeking a move-in ready home.
Redevelopment Complexity & Cost: Realizing the full potential requires significant capital investment, time, and navigating complex permitting and construction processes inherent in multi-family development.

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