
Los Angeles, California 90022
This R-2 Zoned Development Asset represents a High-Potential Investment Opportunity with a List Price of $550,000. While the $452,029 Fair Market Value reflects the existing structure's Condition Rating of 6, the asset's primary value is anchored by the 6,715 sqft lot and professionally prepared plans for three residential units. Boasting rare rear alley access and a strategic location within the Los Angeles Unified district near DTLA, the site is primed for significant forced appreciation. This is a premier value-add acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4316 Dozier Street Subject | $550,000* List Price | 3 | 1 | 1,232 | $347 | - |
A 4310 Floral Drive Sold | $432,000 | 2 | 1 | 1,048 | $412 | 0.2 mi |
B 360 360 S Mcbride Sold | $660,000 | 3 | 1 | 1,226 | $538 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1922, this property is explicitly marketed as a development opportunity for builders and investors rather than a habitable residence. The listing emphasizes the R-2 zoning, flat deep lot, and professionally prepared plans for three new units, while the property analysis identifies the existing structure as requiring a total teardown or major remediation.
The property is a prime investment opportunity with professionally prepared plans for three residential units on an R-2 zoned lot, significantly reducing the lead time for builders.
Located with immediate access to the 60 and 710 freeways and minutes from DTLA, the site is ideally positioned for high rental demand and commuter convenience.
The flat, deep lot features rare rear alley access and a long driveway, providing the necessary flexibility for construction staging and future tenant parking.
Built in 1922, the existing structure likely requires a total teardown or major remediation, making it unsuitable for buyers seeking a move-in ready primary residence.
The potential for a fourth unit and final permit approval is subject to city verification, placing the burden of regulatory due diligence and associated costs entirely on the buyer.
Attention builders and investors, this property with development potential offers a rare opportunity to build three residential units with professionally prepared plans. Whether you're looking to develop and hold or create income-generating rentals, this site is ready for your vision. Located near Whittier Boulevard with easy access to the 60 and 710 freeways, the home is just minutes from Citadel Outlets, Belvedere Park, East LA College, neighborhood schools, and a variety of grocery stores, cafés, and transit options. Positioned near the borders of City Terrace and Boyle Heights, and only a short drive from DTLA. This property is zoned R-2. According to the assessor’s profile, the existing building offers 1,232 sq.ft. of living area. Rear alley access and a long driveway provide generous parking and site flexibility. The flat deep lot is designed for two detached two-story homes in the front and one detached single-story ADU in the rear, total proposed living area: Approx. 3,818 sq.ft. (per plans) Under new regulations, up to four units may be permitted. Buyer to verify all zoning, permits, and development potential with the appropriate city departments.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,232 | 998 | 70% |
| Lot Size | 6,715 | 5,026 | 78% |
| Price | $550.0K | $655.0K | 17% |
| Price per sq ft | $446 | $636 | 9% |
| Built year | 1922 | 1928 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 163 | 9% |
Mar 8, 2026
$550,000
Initial Listing
May 23, 2022
$590,000
Public Record
May 23, 2022
$575,000
Public Record
Apr 5, 2022
$408,000
Public Record