
Los Angeles, California 90039
This dual-lot package presents a High-Potential Investment Opportunity with a List Price of $649,000—positioned well below the $656,268 Fair Market Value by 1%. This acquisition offers $7,268 in Instant Equity. Featuring a Condition Rating of 5, the properties are prime for redevelopment via SB 9 or SB 1123. Located in the 90039 area near Top-Rated Schools like Ivanhoe Elementary, this is a strategic Development Asset ideal for Real Estate Developers or Buy-and-Hold Investors seeking significant long-term growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4615 Brunswick Avenue Subject | $649,000* List Price | 2 | 1 | 692 | $948 | - |
A 4102 Sequoia Street Active | $629,000 List Price | 2 | 1 | 620 | $1,015 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1924 and marketed as a fixer/development opportunity, the property shows significant signs of age with a dated kitchen, linoleum flooring, and popcorn ceilings. The listing explicitly states it is being sold AS-IS for its redevelopment potential, indicating that the systems and interior require a full rehab to meet modern standards.
Elementary School: Ivanhoe Elementary School (9/10).
The property is part of a rare two-lot package with separate APNs, offering a prime opportunity for multi-home redevelopment utilizing SB 9 and SB 1123 housing provisions.
Situated in the sought-after 90039 Atwater Village area, the property commands a premium location known for its strong residential demand and trendy neighborhood appeal.
Sold in 'as-is' fixer condition, the 1924 structure requires substantial capital investment for renovation or complete demolition to realize its highest and best use.
The requirement to purchase this lot concurrently with the adjacent property for a total of $1,278,000 limits the buyer pool to those with higher acquisition budgets and development intent.
SALE INCLUDES TWO ADJACENT SINGLE-FAMILY HOMES ON SEPARATE APNs — 4615 BRUNSWICK AVE AND 4102 SEQUOIA ST. PROPERTIES ARE TO BE SOLD TOGETHER. $1,278,000 PRICE INCLUDES BOTH HOMES. Rare Two-Lot Development Opportunity in Los Angeles! 4102 Sequoia Street and 4615 Brunswick Avenue are being offered together as a package, presenting an exciting opportunity for developers, investors, and builders looking to create a multi-home residential project in the desirable 90039 area. Both properties currently feature existing single-family residences and are being sold AS-IS as fixer/development opportunities. With two lots being offered together, buyers have the opportunity to explore a variety of redevelopment strategies, including potential development utilizing SB 9, SB 1123, and other applicable State and local housing provisions, subject to eligibility and approval. The combined offering may provide an attractive opportunity to develop multiple new residences in a sought-after Los Angeles neighborhood. Both properties are to be sold together. Seller and Listing Agent make no representations or warranties regarding zoning, allowable unit count, lot splits, SB 9 or SB 1123 eligibility, development potential, permits, square footage, or feasibility. Buyer and Buyer’s Agent are responsible for conducting their own independent investigations and due diligence with the City of Los Angeles and all appropriate agencies and professionals regarding any proposed development. Properties are sold in their present AS-IS condition.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades K-6 • 1.1 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 692 | 1,664.159 |
| Lot Size | 3,501 | 6,066.556 |
| Price | $649.0K | $1.35M |
| Price per sq ft | $938 | $806 |
| Built year | 1924 | 1939 |
| HOA | $0 | $278 |
| Days on market | 20 | 55 |
Aug 20, 2026
$649,000
Initial Listing