2668 S Cloverdale Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 2 bed, 1 bath
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Los Angeles, California 90016
This property presents a High-Potential Investment Opportunity with a List Price of $900,000—positioned well above the $787,160 Fair Market Value by -14%. Featuring R3 Zoning on a 4,808 sqft lot, this asset offers significant redevelopment potential in a rapidly appreciating area. With a Condition Rating of 6, the structure requires substantial capital investment. This is a strategic acquisition for Developers and Buy-and-Hold Investors focused on long-term land value and multi-family density in the Leimert Park/Baldwin Hills corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2668 S Cloverdale Avenue Subject | $900,000* List Price | 2 | 1 | 1,310 | $601 | - |
A 2207 S Cochran Sold | $870,000 | 2 | 1 | 1,241 | $701 | 0.5 mi |
B 5577 Homeside Avenue Sold | $665,000 | 3 | 2 | 1,070 | $621 | 0.5 mi |
C 2430 S Cochran Avenue Sold | $740,000 | 2 | 1 | 1,340 | $552 | 0.3 mi |
D 2524 Alsace Ave Sold | $710,000 | 3 | 2 | 1,071 | $663 | 0.3 mi |
E 2115 S Redondo Boulevard Sold | $878,000 | 3 | 1 | 1,399 | $628 | 0.6 mi |
F 2540 Hauser Boulevard Active | $768,888 List Price | 2 | 1 | 1,072 | $717 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1939 and on the market for the first time in decades, this 85-year-old property is marketed specifically to developers and investors for its R3 zoning. The lack of reported renovations and the focus on land value indicate the structure is likely at the end of its economic life.
The property is zoned R3, offering exceptional development potential for builders and investors to construct multi-family units in a high-demand rental market.
Situated on the fringes of Leimert Park and Baldwin Hills, the property is located in a highly desirable, rapidly appreciating neighborhood.
On the market for the first time in decades, this property presents a unique blank-slate opportunity for a complete redevelopment or major renovation project.
The sale requires court confirmation, which can lead to a lengthier, more complex transaction process and potential overbid risks.
Built in 1939 with only 2 bedrooms and 1 bathroom, the existing structure likely requires significant capital investment to modernize or clear for new construction.
ATTENTION DEVELOPERS, BUILDERS and INVESTORS: First time on the market in decades. This home is located on the fringes of Leimert Park and Baldwin Hills. This property is situated in prime up-and-coming area. Property has added bonus as it is zoned R3. Sale requires Court Confirmation and is being sold in "AS IS" condition. OPEN HOUSE Saturday, July 11, 2026 1-4pm. CALLING ALL INVESTORS
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,310 | 1,672 |
| Lot Size | 4,808 | 6,067 |
| Price | $900.0K | $1.37M |
| Price per sq ft | $687 | $801 |
| Built year | 1939 | 1939 |
| HOA | $0 | $348 |
| Days on market | 28 | 56 |
Jun 24, 2026
$900,000
Initial Listing