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3538 Grand View Boulevard, Los Angeles, California 90066, Los Angeles, 90066 - 3 bed, 3 bath

3538 Grand View Boulevard, Los Angeles, California 90066 home-pic-0
ACTIVE UNDER CONTRACT$2,500,000
3538 Grand View Boulevard, Los Angeles, California 90066
3Beds
3Baths
Sqft
9,948Lot
Year Built
1941
Close
-
List price
$2.5M
Original List price
$3M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
24448153
Home ConditionTear down
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.50M(62th), sqft - 0(1th), beds - 3(50th), baths - 3(50th).

Unique opportunity on prime Mar Vista Hill. Ideal investment for those looking to create a dream home or several profitable rental properties in a desirable location. This lot features three existing structures and offers an ideal canvas for your creative vision. Ocean and city view potential from a second story build. Remodel/expand the existing structures or build ground up. With contiguous lots (3528 and 3530 also available), you can develop to the growing demand for housing in this sought-after area. Developers will appreciate the flexibility and profit potential this SB-9 eligible property offers (buyer to verify with city), allowing for creative designs and maximizing unit count. This offering is a SHORT SALE subject to lender approval. Buyer to conduct all due diligence and submit best possible offer for lender consideration. Property sold as-is with no repairs or credits provided by Seller. All terms and final acceptance are subject to lender review and written approval. DO NOT DISTURB OCCUPANTS.

Nearby schools

8/10
Mar Vista Elementary School
Public,•K-5•0.4mi
7/10
Beethoven Street Elementary School
Public,•K-5•0.7mi
6/10
Grand View Boulevard Elementary School
Public,•K-5•0.8mi
4/10
Charnock Road Elementary School
Public,•K-6•1.0mi
4/10
Walgrove Avenue Elementary School
Public,•K-5•1.1mi
8/10
Clover Avenue Elementary School
Public,•K-5•1.2mi
6/10
Richland Avenue Elementary School
Public,•K-6•1.3mi
6/10
La Ballona Elementary School
Public,•K-5•1.5mi
8/10
Grant Elementary School
Public,•PK-5•1.7mi
7/10
Culver City Middle School
Public,•6-8•2.0mi
6/10
John Adams Middle School
Public,•6-8•2.0mi
6/10
Venice Senior High School
Public,•9-12•0.9mi
8/10
Culver City High School
Public,•9-12•1.9mi
6/10
University Senior High School
Public,•9-12•2.8mi
8/10
Santa Monica High School
Public,•9-12•2.9mi

Price History

Date
Event
Price
08/08/25
Price Change
$2,500,000
10/04/24
Listing
$3,000,000
Condition Rating
Tear down
The property, built in 1941, is 83 years old. The MLS description explicitly states it's an 'ideal investment for those looking to create a dream home' and suggests options to 'remodel/expand the existing structures or build ground up,' emphasizing 'development potential.' It is being sold 'as-is with no repairs or credits provided by Seller.' Crucially, there are no interior images, particularly of the kitchen or bathrooms, which strongly indicates these areas are in unpresentable or unlivable condition. The exterior images show overgrown landscaping and unmaintained structures. All these factors point to the existing structures being beyond practical repair, with the property's value lying solely in the land and its potential for redevelopment.
Pros & Cons

Pros

Prime Development Location: Situated on prime Mar Vista Hill, this property is in a highly desirable and sought-after area of Los Angeles, offering strong appreciation potential.
Significant Development Potential: The property is an ideal investment for creating a dream home or multiple profitable rental properties, with existing structures that can be remodeled/expanded or built ground up.
SB-9 Eligibility for Maximized Units: Being SB-9 eligible (buyer to verify), this property offers developers flexibility for creative designs and the potential to maximize unit count, catering to housing demand.
Potential for Ocean/City Views: A second-story build could unlock valuable ocean and city views, significantly enhancing the property's appeal and future value.
Contiguous Lot Availability: The availability of contiguous lots (3528 and 3530) presents a unique opportunity for larger-scale development, increasing overall project scope and profit potential.

Cons

Short Sale Transaction: The property is a short sale, subject to lender approval, which typically results in a longer, more complex, and less certain transaction process.
As-Is Condition with No Repairs: Sold strictly 'as-is' with no repairs or credits from the seller, placing the full burden and cost of any necessary renovations, repairs, or upgrades on the buyer.
Occupied Property: Occupants are not to be disturbed, which can complicate showings, inspections, and possession, potentially leading to additional challenges or costs for the buyer.

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