
Los Angeles, California 90064
This property presents a High-Potential Investment Opportunity with a List Price of $1,395,000, positioned slightly above the $1,378,016 Fair Market Value. While the current structure requires substantial renovation, the 7,344 sq. ft. lot and LAR1 zoning provide significant upside for expansion or redevelopment. Featuring a full-size pool and proximity to top-rated schools like Overland Avenue Elementary, this asset is primed for value-add strategies. This is an ideal acquisition for Developers or Contractors looking to capitalize on the prime Rancho Park location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2940 Tilden Avenue Subject | $1,395,000* List Price | 3 | 1 | 1,155 | $1,193 | - |
A 2816 S Bentley Avenue Sold | $1,320,000 | 3 | 2 | 1,443 | $915 | 0.1 mi |
B 2361 Overland Avenue Sold | $1,711,000 | 0 | 0 | 1,299 | $1,317 | 0.9 mi |
C 2801 Coolidge Avenue Sold | $1,426,000 | 3 | 2 | 1,475 | $967 | 0.7 mi |
D 2367 Malcolm Avenue Active Under Contract | $1,800,000 List Price | 3 | 2 | 1,576 | $1,142 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1946 (78 years old) with no evidence of renovation, the property is explicitly marketed as a redevelopment opportunity. The listing emphasizes the 7,300+ sq. ft. lot and LAR1 zoning for a new vision or expansion, stating the existing structure needs substantial renovation and is an ideal candidate for redevelopment.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7344, living area = 1155.
Elementary School: Overland Avenue Elementary School (9/10).
Situated in the highly desirable Rancho Park area, the property offers exceptional proximity to Century City, UCLA, and Santa Monica, providing a central hub for Westside living.
The existing home is in need of significant repair and modernization, which will require a substantial capital investment and a professional contractor to make it habitable or competitive.
With only 1,155 square feet of living space and a single bathroom, the current structure is undersized for the area's market standards, necessitating an expansion to realize its full potential.
Exceptional Westside Opportunity with Tremendous Potential! Situated on a generous approximately 7,300 sq. ft. lot, this property presents an outstanding opportunity for a buyer, investor or developer looking to create something special in a highly desirable West Los Angeles location. The existing home features 2 bedrooms, 1 bath and a family room and is in need of substantial renovation, making this an ideal candidate for a major remodel, expansion or potential redevelopment. Full size pool in the back yard. The large lot offers numerous possibilities to reimagine the property and expand the existing residence, create a substantial new home, or explore ADU and other development opportunities, subject to City approval. Public records indicate LAR1 zoning and a lot of approximately 7,342 sq. ft. The location is a major part of the appeal. Set in the Rancho Park/West Los Angeles area, the property enjoys convenient access to Century City, Westwood, UCLA, Cheviot Hills, Santa Monica and the greater Westside. Rancho Park is known for its residential, tree-lined streets and central Westside location, with nearby shopping, dining, recreation, Metro access and convenient access to the 10 and 405 freeways. Bring your contractor, architect and imagination. With its sizable lot and excellent location, 2940 Tilden Avenue offers a rare opportunity to renovate, expand or create a new vision in one of Los Angeles' most convenient Westside neighborhoods. Buyer to independently investigate and verify all development, expansion, ADU, zoning and permitting possibilities with the City of Los Angeles and appropriate professionals.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.7 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,155 | 1,664.159 |
| Lot Size | 7,344 | 6,066.556 |
| Price | $1.40M | $1.35M |
| Price per sq ft | $1.2K | $806 |
| Built year | 1946 | 1939 |
| HOA | $0 | $278 |
| Days on market | 14 | 55 |
Aug 26, 2026
$1,395,000
Initial Listing