3304 W 63rd St, Los Angeles, California 90043, Los Angeles, 90043 - 2 bed, 1 bath
ACTIVE$625,000$780/sqft
Est. Value: $474,817
-24%
AboveEstimate
3304 W 63rd St, Los Angeles, California 90043
2Beds
1Bath
780Sqft
5,400Lot
Price Vs. Estimate
The estimated value ($474,817.315) is $150,182.685 (24%) lower than the list price ($625,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: High School: Middle College High School (9/10).
Top Cons:
Age and Condition of Existing Structure: Built in 1922, the current 780 sqft residence is dated and likely requires extensive renovation or demolition, adding to initial development costs.
Compared to the nearby listings
Price:$625.0K vs avg $850.0K ($-225,000)12%
Size:780 sqft vs avg 1,507 sqft1%
Price/sqft:$801 vs avg $62292%
More Insights
Built in 1922 (104 years old).
Condition: Built in 1922, this property is explicitly marketed as a 'Developer Opportunity' with LAR3 zoning, indicating the value is in the land for redevelopment. The MLS description states the existing structure is 'dated and likely requires extensive renovation or demolition.' The single exterior image supports this, showing a very old, un-renovated home with significant deferred maintenance, consistent with a property whose structure is beyond economical repair for a typical homeowner.
Year Built
1922
Close
-
List price
$625K
Original List price
$625K
Price/Sqft
$801
HOA
-
Days on market
-
Sold On
-
MLS number
DW26007720
Home ConditionTear down
Features
View-
About this home
Developer Opportunity – LAR3 Zoning! Welcome to 3304 W. 63rd St., Los Angeles, a prime development opportunity in the heart of South Los Angeles. This LAR3-zoned lot offers multiple possibilities for development, expansion, or additional units (buyer to verify with the City), making it ideal for developers and investors looking to maximize value. Centrally located, the property provides convenient access to Downtown Los Angeles, major freeways, and popular attractions such as SoFi Stadium, Crypto.com Arena, LA Live, Exposition Park, and the University of Southern California (USC). Nearby transit options, shopping, dining, and entertainment further enhance the desirability of this location. With strong growth and redevelopment activity throughout the area, this is a rare chance to secure a property with significant upside potential in one of Los Angeles’ most active markets. Don’t miss this outstanding opportunity to build and invest in a rapidly evolving neighborhood.
L
Luis Carlos Hernandez
Listing Agent
Nearby schools
2/10
Yes Academy
Public,•K-5•0.2mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.6mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.0mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.0mi
4/10
Centinela Elementary School
Public,•K-6•1.0mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.1mi
1/10
Lane (Warren) Elementary School
Public,•K-6•1.1mi
3/10
Windsor Hills Math Science
Public,•K-5•1.7mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.7mi
1/10
Horace Mann Junior High School
Public,•6-8•1.2mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.8mi
2/10
Audubon Middle School
Public,•6-8•1.9mi
2/10
Crozier (George W.) Middle School
Public,•7-8•2.5mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•2.6mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•3.0mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.0mi
2/10
Inglewood High School
Public,•9-12•2.1mi
2/10
George Washington Preparatory High School
Public,•9-12•3.4mi
9/10
Middle College High School
Public,•9-12•6.0mi
Price History
Date
Event
Price
03/12/01
Sold
$105,000
06/03/98
Sold
$120,000
Condition Rating
Tear down
Built in 1922, this property is explicitly marketed as a 'Developer Opportunity' with LAR3 zoning, indicating the value is in the land for redevelopment. The MLS description states the existing structure is 'dated and likely requires extensive renovation or demolition.' The single exterior image supports this, showing a very old, un-renovated home with significant deferred maintenance, consistent with a property whose structure is beyond economical repair for a typical homeowner.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
High Development Potential (LAR3 Zoning): The property is explicitly marketed as a 'Developer Opportunity' with LAR3 zoning, allowing for multi-unit development, expansion, or additional units, maximizing investment value.
Strategic Central Location: Offers convenient access to Downtown Los Angeles, major freeways, and popular attractions such as SoFi Stadium, Crypto.com Arena, and USC.
Strong Market Growth & Redevelopment: Situated in a rapidly evolving neighborhood experiencing 'strong growth and redevelopment activity,' indicating substantial appreciation potential for investors.
Generous Lot Size for Urban Development: The 5400 sqft lot provides a substantial footprint, ideal for maximizing the potential offered by the LAR3 zoning for new construction or multi-unit projects.
Proximity to Essential Amenities: Benefits from nearby transit options, diverse shopping, dining, and entertainment, enhancing the overall desirability and convenience of the location.
Cons
Age and Condition of Existing Structure: Built in 1922, the current 780 sqft residence is dated and likely requires extensive renovation or demolition, adding to initial development costs.
Small Existing Dwelling Size: The current 2-bed, 1-bath, 780 sqft home is considerably small, limiting its appeal to traditional owner-occupants without substantial redevelopment.
Lower-Rated Local Schools: Several nearby schools have relatively low ratings (1-3), which could be a deterrent for families prioritizing high-performing educational institutions.