462 N Flores Street, Los Angeles, California 90048, Los Angeles, 90048 - 3 bed, 3 bath
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Los Angeles, California 90048
This Prime Development Opportunity is listed at $2,225,000, representing a premium acquisition in the heart of Beverly Grove. Marketed strictly for land value with a Condition Rating of 6, the property features a level 5,852 sqft lot ideal for a luxury custom rebuild. The location offers long-term asset stability, supported by a $2,026,605 Fair Market Value and proximity to elite institutions like West Hollywood Elementary (9/10) and Beverly Hills High (9/10). With Seller Financing Available, this site is a high-upside project for Developers or Owner-Users.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 462 N Flores Street Subject | $2,225,000* List Price | 3 | 3 | 1,400 | $1,448 | - |
A 453 N Flores Street Sold | $1,800,000 | 2 | 1 | 1,187 | $1,516 | 0.0 mi |
B 422 N Laurel Avenue Sold | $1,900,000 | 2 | 1 | 1,260 | $1,508 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property, built in 1925, is explicitly marketed as 'sold for land value' with the existing structure noted as something the buyer 'may or may not utilize.' The images show a dilapidated or partially demolished structure behind a construction fence, indicating it is unlivable and likely requires demolition. This aligns perfectly with the 'tear-down' criteria, where the value is based solely on the land.
Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
Situated on one of Beverly Grove's finest, tree-lined streets, offering prime proximity to upscale shops and local amenities in a highly desirable area.
Marketed for land value, this property presents a rare opportunity to build a custom dream home tailored to specific preferences.
The property is explicitly sold for land value, indicating the current 1925 structure is likely a tear-down or requires extensive, costly renovation.
Buyers must anticipate significant costs beyond the purchase price for demolition, architectural design, and new construction.
The 1925 build year means the existing structure is nearly 100 years old, suggesting outdated systems and potential for unforeseen issues if not fully replaced.
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.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,400 | 2,184 | 16% |
| Lot Size | 5,852 | 6,051 | 35% |
| Price | $2.23M | $2.50M | 43% |
| Price per sq ft | $1.6K | $1.2K | 82% |
| Built year | 1925 | 1928 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 121 | 173 | 35% |
Dec 22, 2025
$2,225,000
Initial Listing
Jun 2, 2023
$1,680,000
Public Record