3320 Stoner Avenue, Los Angeles, California 90066, Los Angeles, 90066 - 4 bed, 4 bath
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Los Angeles, California 90066
This Turnkey Development Asset presents a strategic entry into Mar Vista with a List Price of $1,995,000—positioned well below the $2,009,551 Fair Market Value by 1%. This acquisition provides $14,551 in Instant Equity for buyers utilizing Ready-to-Issue Permits for a 3,600 sq ft luxury residence featuring a deck and patio. With a Condition Rating of 6, the value is anchored in the 7,110 sq ft lot near top-rated Mar Vista Elementary in the Los Angeles Unified district. This high-ROI opportunity is ideal for Luxury Builders or Owner-Occupants.
Property is land value only, full reconstruction required.
The property is explicitly marketed as a development opportunity with permits ready to issue for a new 3,600 sq ft luxury residence. The existing structure, built in 1947, is described as a teardown or requiring total redevelopment, with the listing's value derived from the land and the entitlement for ground-up construction.
The property is sold with permits ready to issue for a 3,600 sq ft luxury residence, allowing the buyer to bypass the lengthy and costly Los Angeles entitlement process.
Located just 0.09 miles from the highly-rated Mar Vista Elementary School (Rating 8), providing significant value for families and long-term resale appeal.
Situated in the desirable Mar Vista/Palms area, offering close proximity to Silicon Beach, Santa Monica, and major Westside employment hubs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3600, other record living area = 1469. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With an entry price of nearly $2M for the lot and permits, the project requires significant additional capital and construction financing to realize the final 3,600 sq ft vision.
The existing 1947 structure is likely a teardown or requires total redevelopment, making it unsuitable for buyers needing immediate occupancy.
A rare opportunity to create a bespoke luxury residence with permits ready to issue for a stunning 3,600 sq ft new construction home. Thoughtfully designed plans allow the next owner to bring a high-end vision to life without the delays of entitlement or approval. Envision expansive living spaces, designer finishes, and seamless indoor-outdoor living tailored for modern luxury. Ideal for discerning end users or luxury builders seeking a turnkey path to ground-up construction in a desirable setting. Build immediately and customize every detail to your taste. There is an existing house on the lot. Here are the details: BED/BATH count: 3/2 Livable sqft: 1,469
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-6 • 0.8 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 60% |
| Square foot | 3,600 | 2,079 | 86% |
| Lot Size | 7,110 | 5,614 | 82% |
| Price | $2.00M | $2.00M | 50% |
| Price per sq ft | $554 | $1.1K | 3% |
| Built year | 1947 | 1951 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 134 | 123 | 57% |
Feb 1, 2026
$1,995,000
Initial Listing
Jan 29, 2025
$1,700,000
Public Record
Nov 14, 2024
$1,325,000
Public Record