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3506 Barry Avenue, Los Angeles, California 90066, Los Angeles, 90066 - 3 bed, 3 bath

3506 Barry Avenue, Los Angeles, California 90066 home-pic-0
ACTIVE UNDER CONTRACT$2,075,000
3506 Barry Avenue, Los Angeles, California 90066
3Beds
3Baths
2,375Sqft
7,976Lot
Year Built
1946
Close
-
List price
$2.08M
Original List price
$2.08M
Price/Sqft
$874
HOA
-
Days on market
-
Sold On
-
MLS number
24469517
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 12% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.08M(45th), sqft - 2375(66th), beds - 3(50th), baths - 3(50th).

Developer's Dream! Tear down property (possibly heavy remodel and addition) on a large, flat lot in a prime Mar Vista location. Property conveys with adjacent approximate 600SF parcel (APN 4249-020-012) behind the property to the south. Extended escrow available to defray carrying costs while awaiting permit issuance. Located on a quiet, low traffic street with many new, large luxury homes. Mere blocks to trendy restaurants and shops, plus the well reviewed Mar Vista Farmers Market. Short distance to wonderful parks that include soccer and baseball fields, roller hockey rink, basketball courts, kids playground, tennis courts, dog park, picnic areas, and more. Close proximity to an excellent Japanese market and Whole Foods. Situated in the highly rated Mar Vista Elementary School zone. Less than a mile to freeway access, and public transportation is just blocks away. Nearby bike paths allow for an easy ride to the beach. Truly one of the most ideal locations in all of Mar Vista.

Nearby schools

8/10
Mar Vista Elementary School
Public,•K-5•0.4mi
4/10
Charnock Road Elementary School
Public,•K-6•0.7mi
6/10
Grand View Boulevard Elementary School
Public,•K-5•0.9mi
8/10
Clover Avenue Elementary School
Public,•K-5•1.0mi
7/10
Beethoven Street Elementary School
Public,•K-5•1.1mi
6/10
La Ballona Elementary School
Public,•K-5•1.2mi
6/10
Richland Avenue Elementary School
Public,•K-6•1.2mi
4/10
Walgrove Avenue Elementary School
Public,•K-5•1.4mi
8/10
Grant Elementary School
Public,•PK-5•1.9mi
7/10
Culver City Middle School
Public,•6-8•1.7mi
6/10
John Adams Middle School
Public,•6-8•2.3mi
6/10
Venice Senior High School
Public,•9-12•1.2mi
8/10
Culver City High School
Public,•9-12•1.6mi
6/10
University Senior High School
Public,•9-12•2.9mi
8/10
Santa Monica High School
Public,•9-12•3.2mi
Condition Rating
Tear down
The listing explicitly states this is a 'Developer's Dream! Tear down property (possibly heavy remodel and addition).' Built in 1946, the property is well over 50 years old with no indication of major renovations. The provided images only show an overgrown exterior, with no interior photos, strongly suggesting the structure is unlivable and its value is based solely on the land for redevelopment.
Pros & Cons

Pros

Exceptional Location: Prime Mar Vista location on a quiet, low-traffic street, offering convenient access to trendy restaurants, shops, the Mar Vista Farmers Market, and essential amenities like Whole Foods.
Significant Development Opportunity: Explicitly marketed as a 'Developer's Dream' on a large, flat lot, ideal for a tear-down or extensive remodel/addition to build a new luxury residence.
Generous Lot Size with Additional Parcel: A substantial 7,976 sqft flat lot, further enhanced by an approximate 600 sqft adjacent parcel, providing ample space and flexibility for a larger development project.
Highly-Rated School Zone: Situated within the desirable Mar Vista Elementary School zone (rated 8), which is a significant draw for families and contributes to long-term property value.
Abundant Local Amenities & Accessibility: Proximity to multiple parks with diverse recreational facilities, less than a mile to freeway access, public transportation, and nearby bike paths to the beach, enhancing lifestyle appeal.

Cons

Current Condition Requires Major Investment: The property is explicitly described as a 'tear down' or requiring 'heavy remodel and addition,' indicating substantial capital and time investment for redevelopment.
Potential for Permitting Delays: The availability of 'extended escrow... while awaiting permit issuance' suggests that the permitting process could be lengthy and complex, leading to holding costs and project delays.
Dated Structure: Built in 1946, the existing structure is significantly aged and likely does not meet modern building codes or buyer expectations, necessitating complete overhaul or demolition rather than minor renovations.

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