
Los Angeles, California 90018
This Development-Ready Asset represents a strategic acquisition for those targeting land value near the University of Southern California. Listed at $800,000 relative to a $627,845 Fair Market Value, the pricing accounts for the property's Significant Development Potential and expansive 7,102 SqFt lot. Carrying a Condition Rating of 6, the 1952 structure necessitates a complete overhaul, but its location near the top-rated Foshay Learning Center ensures sustained future demand. This is a high-upside project perfectly suited for Developers or Fix-and-Flip Investors looking to maximize density.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3013 Halldale Avenue Subject | $800,000* List Price | 3 | 2 | 1,400 | $418 | - |
A 3011 Brighton Sold | $653,000 | 2 | 2 | 1,542 | $423 | 0.1 mi |
B 1605 W 35th Sold | $650,000 | 2 | 1 | 1,400 | $464 | 0.2 mi |
C 3667 Cimarron Sold | $600,000 | 3 | 1 | 1,134 | $529 | 0.8 mi |
D 3100 Brighton Pending | $650,000 List Price | 3 | 2 | 1,400 | $464 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property was built in 1952 (>70 years old) with no evidence of significant renovations. The listing explicitly targets developers and investors, highlighting the lot size and development potential. The interior features original finishes, heavy wall textures, and dated systems, while the exterior and yard are in significant disrepair with junk vehicles and debris, meeting the criteria for land value focus.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7102, living area = 1400.
Situated just minutes from the University of Southern California (USC), the property is in a high-demand area for student housing and long-term rentals, ensuring strong future appreciation.
The oversized 7,102 SqFt lot provides ample space for potential expansion, the addition of an ADU, or a complete residential redevelopment to maximize density.
The property requires significant 'TLC' or a complete overhaul, which will necessitate a substantial upfront capital investment for repairs and modernization.
The third bedroom is currently configured as a common area, meaning the home lacks a traditional three-bedroom utility without immediate interior reconfiguration.
** DEVELOPERS & INVESTORS ** This property sits on a large 7,102 SqFt lot and in a prime location just minutes from USC making it a great investment or even a development opportunity! It is a 3 bedroom, 2 bathroom home with the 3rd bedroom being used as a common area but with some TLC can be brought back to life or with a complete overhaul can become something even bigger!
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,400 | 1,621 | 34% |
| Lot Size | 7,102 | 5,810.5 | 82% |
| Price | $800.0K | $990.0K | 36% |
| Price per sq ft | $571 | $586 | 48% |
| Built year | 1952 | 1914 | 93% |
| HOA | $0 | $0 | 50% |
| Days on market | 166 | 166 | 52% |
Dec 22, 2025
$800,000
Initial Listing