412 N Irving Boulevard, Los Angeles, California 90004, Los Angeles, 90004 - 3 bed, 2 bath
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412 N Irving Boulevard
Los Angeles, California 90004
ACTIVE
CONDITION: TEAR DOWN
3Beds
2Baths
1,280Sq Ft
4,998Lot Size
Property Price
LIST PRICE$1,485,000
EST. MARKET VALUE
$1,328,244
11% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,549,000—positioned well below the $1,348,660 Fair Market Value by -14%. While the list price exceeds the current estimation, the property offers significant upside through its shovel-ready status, featuring approved permits for a major renovation. With a Condition Rating of 6, this asset is a prime candidate for value-add strategies, including ADU conversion on the 4,998 sqft lot. This is an ideal acquisition for Fix-and-Flip Investors or Developers seeking to capitalize on Larchmont Village’s strong resale market.
Estimated Market Value
$1,328,244
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 412 N Irving Boulevard Subject 3 bd · 2 ba · 1,280 sqft · $1,038 | $1,485,000* List Price | 3 | 2 | 1,280 | $1,038 | - |
A 547 N Irving Boulevard Sold 2 bd · 2 ba · 1,147 sqft · $1,024 · 0.2 mi | $1,175,000 | 2 | 2 | 1,147 | $1,024 | 0.2 mi |
B 316 N Bronson Avenue Active Under Contract 2 bd · 1 ba · 1,376 sqft · $901 · 0.1 mi | $1,239,500 List Price | 2 | 1 | 1,376 | $901 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1921 with no updates mentioned, this property is over 50 years old and explicitly marketed as a teardown, major remodel, or development opportunity. It is being sold as-is for its land and redevelopment potential.
PROSSTRENGTHS & OPPORTUNITIES
- Shovel-Ready Development
The property comes with approved and issued permits for a significant addition and renovation, allowing a developer or owner-user to bypass the lengthy and costly city approval process.
- High Equity Upside
Located in prime Larchmont Village with neighborhood comps reaching up to $3M, the property offers a substantial profit margin for investors looking to capitalize on the strong resale market for renovated homes.
- ADU Conversion Potential
The detached garage provides a clear opportunity for an ADU conversion, offering the potential to add significant value and versatile living space or rental income to the 4,998 sqft lot.
CONSRISKS & DEFICIENCIES
- Extensive Capital Requirement
Sold in 'As-Is' condition as a fixer or teardown, the property requires a significant additional investment in construction and materials beyond the initial purchase price.
- Middle School Ratings
While the elementary school is highly rated, the assigned middle schools currently hold lower ratings, which may impact the property's appeal to certain family-oriented buyer segments.
About 412 N Irving Boulevard
An exceptional investor ready opportunity in prime Larchmont Village. This property is ideal for fixers, flippers, developers, or buyers seeking a teardown or major remodel. With approved and issued permits already in place for a significant addition and renovation. Plans can be provided, or buyers may pursue their own customized design. The lot offers excellent redevelopment potential, including a detached garage suitable for ADU conversion. Neighborhood comps between approximately $2.7M and $3M highlight the strong resale environment for newly improved homes in this pocket. Property is sold As-Is, with no guarantees regarding future value or investment return. Buyers must perform their own investigations and verify all development possibilities with the city.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1921
- Lot Size
- 4,998 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Van Ness Avenue Elementary School
Grades K-5 • 0.2 mi
6/10
Third Street Elementary School
Grades K-5 • 1.1 mi
8/10
Joseph Le Conte Middle School
Grades 6-8 • 1.2 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,280 | 1,670.836 |
| Lot Size | 4,998 | 6,152.156 |
| Price | $1.49M | $1.34M |
| Price per sq ft | $1.2K | $807 |
| Built year | 1921 | 1941 |
| HOA | $0 | $238 |
| Days on market | 47 | 56 |
Pricing History
Listed for Sale
Oct 24, 2026
$1,485,000
$1,549,000
-4% Price Drop
Initial Listing
Price Change
Sep 23, 2026
$1,549,000
Initial Listing
Sold
Oct 30, 2024
$1,264,000
Public Record