462 N Flores Street, Los Angeles, California 90048, Los Angeles, 90048 - 3 bed, 3 bath
ACTIVE$2,225,000/sqft
462 N Flores Street, Los Angeles, California 90048
3Beds
3Baths
Sqft
5,852Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Top Cons:
Significant Redevelopment Required: The property is 'sold for land value' with a 1925-built structure, indicating the existing home likely requires demolition or a complete, costly overhaul.
Compared to the nearby listings
Price:$2.23M vs avg $2.50M ($-270,000)40%
Size: sqft vs avg 2,171 sqft14%
Price/sqft:$0 vs avg $1.0K14%
More Insights
Built in 1925 (101 years old).
Condition: The property, built in 1925, is explicitly marketed as being 'sold for land value' with the existing 'structure in place that buyer may or may not utilize,' indicating its value is primarily in the land. The listing also states 'significant redevelopment required' and 'absence of immediate livability,' suggesting the current structure is unlivable and likely requires demolition or a complete, costly overhaul. The image shows a property behind a construction fence with exposed framing and a cracked chimney, consistent with a structure in severe disrepair or undergoing demolition, further supporting the 'tear-down' assessment.
Year Built
1925
Close
-
List price
$2.23M
Original List price
$2.23M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
25630439
Home ConditionTear down
Features
View-
About this home
Incredible opportunity to build your own dream property located on one of the finest streets in Beverly Grove. Close to many shops and locales on an incredible tree lined street. Sold for land value with structure in place that buyer may or may not utilize. Seller financing available to qualified buyers.
D
Dustin Nicholas
Listing Agent
Nearby schools
4/10
Rosewood Avenue Elementary School, School for Advanced Studies
Public,•K-6•0.3mi
7/10
Hancock Park Elementary School
Public,•K-5•0.9mi
9/10
West Hollywood Elementary School
Public,•K-5•1.2mi
5/10
Carthay Center Elementary
Public,•K-5•1.5mi
3/10
Laurel Elementary School
Public,•K-8•0.8mi
8/10
Horace Mann Elementary School
Public,•K-8•1.2mi
8/10
Beverly Vista Elementary School
Public,•K-8•1.7mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•2.0mi
7/10
John Burroughs Middle School
Public,•6-8•2.2mi
7/10
Fairfax Senior High School
Public,•9-12•0.6mi
9/10
Beverly Hills High School
Public,•9-12•2.6mi
Price History
Date
Event
Price
06/02/23
Sold
$1,680,000
Condition Rating
Tear down
The property, built in 1925, is explicitly marketed as being 'sold for land value' with the existing 'structure in place that buyer may or may not utilize,' indicating its value is primarily in the land. The listing also states 'significant redevelopment required' and 'absence of immediate livability,' suggesting the current structure is unlivable and likely requires demolition or a complete, costly overhaul. The image shows a property behind a construction fence with exposed framing and a cracked chimney, consistent with a structure in severe disrepair or undergoing demolition, further supporting the 'tear-down' assessment.
Pros & Cons
Pros
Great Schools: Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Prime Beverly Grove Location: Situated on 'one of the finest streets' in the highly desirable Beverly Grove area, known for its tree-lined streets and upscale amenities.
Exceptional Development Potential: Marketed explicitly for 'land value' with the opportunity to 'build your own dream property,' making it ideal for custom home development.
Generous Lot Size: A substantial 5,852 sqft lot provides ample space for a significant new construction or extensive renovation in a prime urban setting.
Convenient Access to Amenities: Located 'close to many shops and locales,' offering excellent walkability and easy access to dining, entertainment, and retail.
Flexible Financing Option: The availability of 'seller financing to qualified buyers' provides a valuable financial incentive and flexibility for potential purchasers.
Cons
Significant Redevelopment Required: The property is 'sold for land value' with a 1925-built structure, indicating the existing home likely requires demolition or a complete, costly overhaul.
Substantial Upfront Investment: The $2.225 million list price, combined with the implied costs of new construction or extensive renovation, represents a considerable total investment.
Absence of Immediate Livability: The current state and 'land value' proposition mean the property is not move-in ready, requiring a lengthy and complex development process before it can be occupied.