2723 Pirtle Street, Los Angeles, California 90039, Los Angeles, 90039 - 2 bed, 1 bath
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Los Angeles, California 90039
This Prime Development Asset is listed at $1,050,000, representing a strategic price point relative to the $989,800 Fair Market Value. Available for the first time in 80 years, the property holds a Condition Rating of 6, shifting all value to the 5,973 sqft Corner Lot. The Los Angeles Unified School District serves the site, including the top-rated Allesandro Elementary School. With adjoining lots available for assembly near Dodger Stadium, this site offers significant redevelopment ROI. This is an ideal acquisition for Real Estate Developers or Portfolio Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2723 Pirtle Street Subject | $1,050,000* List Price | 2 | 1 | 560 | $1,768 | - |
A 2724 Queen Street Active Under Contract | $1,050,000 List Price | 2 | 1 | 720 | $1,458 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1921 and on the market for the first time in over 80 years, this property has had no major renovations in the past 50 years. The listing explicitly highlights 'Investor Opportunity' and 'opportunities for this lot,' indicating the value is primarily in the land. The absence of interior photos, combined with the visible exterior of an old, unkempt structure with a window AC unit, strongly suggests the existing residence is beyond repair or not economically feasible to renovate, fitting the criteria for a tear-down.
Explicitly marketed as an 'Investor Opportunity' with the possibility of acquiring adjoining properties to create a full corner, offering significant upside for redevelopment or expansion in a revitalizing area.
Situated in a highly desirable and rapidly revitalizing neighborhood, known for its artistic community, proximity to Dodger Stadium, major freeways, quaint restaurants, and recreational trails.
The property's position on a corner lot provides enhanced flexibility for design, improved access, and potentially higher value compared to interior lots.
The current 560 sqft, 100-year-old residence is significantly undersized and likely requires extensive renovation or demolition, making it unsuitable for immediate modern living.
The $1.05M list price is primarily reflective of the land value and its development potential, rather than the existing small, aged home, which may deter buyers seeking a move-in ready property.
Given the age and size of the current structure, a buyer should anticipate substantial further investment for renovation, expansion, or a complete rebuild to maximize the property's potential.
First time on the market in over 80+ years. Great Frogtown/Elysian Valley Investor Opportunity - other adjoining properties are listed as well under different listings- making the whole corner available. There is so much opportunity here. This area is a great artist area, beautiful revitalization underway, Dodger Stadium adjacent, close to the freeway, cute and quaint restaurants, trails, and so much more! Currently there is a cute little 2 bed, 1 bath single family residence on corner lot. So many opportunities for this lot.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 0.6 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 33% |
| Baths | 1.0 | 2.0 | 15% |
| Square foot | 560 | 1,608 | 1% |
| Lot Size | 5,973 | 5,581 | 56% |
| Price | $1.05M | $1.50M | 13% |
| Price per sq ft | $1.9K | $1.1K | 98% |
| Built year | 1921 | 1930 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 648 | 125 | 0% |
Sep 4, 2024
$1,050,000
Initial Listing
Aug 21, 1964
$14,500
Public Record