2723 Pirtle, Los Angeles, California 90039, Los Angeles, 90039 - 2 bed, 1 bath
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2723 Pirtle
Los Angeles, California 90039
ACTIVE
CONDITION: TEAR DOWN
2Beds
1Baths
560Sq Ft
5,973Lot Size
Property Price
LIST PRICE$859,900
EST. MARKET VALUE
$813,890
5% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $999,000—positioned well above the $945,548 Fair Market Value by -5%. Given the Condition Rating of 6 and the requirement for Cash Offers only, this asset is strictly a land-value play. The expansive 5,973 sqft corner lot in the vibrant "Frogtown" district offers significant redevelopment potential for those looking to capitalize on the area's urban lifestyle. This is a specialized acquisition ideal for Experienced Developers or Cash-Ready Investors seeking a prime Los Angeles project.
Estimated Market Value
$813,890
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 |
|---|---|---|---|---|---|---|
★ 2723 Pirtle Subject 2 bd · 1 ba · 560 sqft · $1,453 | $859,900* List Price | 2 | 1 | 560 | $1,453 | - |
A 2724 Queen Active 2 bd · 1 ba · 720 sqft · $1,194 · 0.0 mi | $859,900 List Price | 2 | 1 | 720 | $1,194 | 0.0 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 1921 and off the market for 80 years with no recorded renovations. The listing explicitly states it will not qualify for financing (Cash Only), indicating the structure is likely unlivable and the property is being sold for land value.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Frogtown Location
Situated in the highly desirable Elysian Valley ('Frogtown'), the property offers immediate access to the LA River bike path, trendy cafes, and local parks, appealing to those seeking a vibrant urban lifestyle.
- Significant Development Potential
The expansive 5,973 sqft corner lot provides a rare opportunity to re-envision or redevelop the site, offering substantial value-add potential given the small footprint of the existing structure.
- Rare Market Opportunity
Available for the first time in 80 years, this corner lot along Blake offers superior accessibility and visibility compared to standard mid-block parcels in the neighborhood.
CONSRISKS & DEFICIENCIES
- Cash-Only Requirement
The property does not qualify for traditional financing, restricting the buyer pool to cash investors and creating a barrier for buyers who require mortgage assistance.
- Substantial Renovation Needed
With a 1921 build date and a very small living area, the existing structure likely requires a complete teardown or massive capital investment to be habitable by modern standards.
About 2723 Pirtle
First time on the market in about 80 years! Desirable Corner lot that runs along Blake. Situated in the vibrant community of Elysian Valley, also known as "Frogtown." Adjacent to local parks, trendy cafes, the LA River bike path, and Dodger Stadium. This property is a perfect blend of urban living and outdoor lifestyle. Property will not qualify for financing, Cash Offers only! Great opportunity to re-invison this lot as many have done in the community. Don’t miss out on this prime Los Angeles property!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1921
- Lot Size
- 5,973 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Allesandro Elementary School
Grades K-6 • 0.4 mi
8/10
Glassell Park Elementary School
Grades K-6 • 0.6 mi
4/10
Dorris Place Elementary School
Grades K-6 • 0.6 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 560 | 1,675.469 |
| Lot Size | 5,973 | 6,126.393 |
| Price | $859.9K | $1.34M |
| Price per sq ft | $1.5K | $800 |
| Built year | 1921 | 1941 |
| HOA | $0 | $262 |
| Days on market | 8 | 56 |
Pricing History
Listed for Sale
Oct 22, 2026
$859,900
$999,000
-14% Price Drop
Initial Listing
Price Change
Oct 16, 2026
$999,000
Initial Listing
Sold
Aug 21, 1964
$14,500
Public Record