462 N Flores Street, Los Angeles, California 90048, Los Angeles, 90048 - 3 bed, 3 bath
462 N Flores Street
Los Angeles, California 90048
Property Price
SUMMARY
Analysis of 462 N Flores Street, Los Angeles, California 90048 reveals a property with a current list price of $2,225,000, which is 13% above the estimated $1,956,450 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
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 | $1,397 | - |
A 422 N Laurel Avenue Sold | $1,900,000 | 2 | 1 | 1,260 | $1,508 | 0.4 mi |
B 6571 Colgate Avenue Active Under Contract | $1,899,000 List Price | 3 | 2 | 1,676 | $1,133 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Exceptional Location
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.
- Significant Development Potential
Marketed for land value, this property presents a rare opportunity to build a custom dream home tailored to specific preferences.
CONSRISKS & DEFICIENCIES
- Existing Structure Condition
The property is explicitly sold for land value, indicating the current 1925 structure is likely a tear-down or requires extensive, costly renovation.
- Substantial Additional Investment
Buyers must anticipate significant costs beyond the purchase price for demolition, architectural design, and new construction.
- Age of Current Home
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.
About 462 N Flores Street
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 5,852 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Rosewood Avenue Elementary School, School for Advanced Studies
Grades K-6 • 0.3 mi
Hancock Park Elementary School
Grades K-5 • 0.9 mi
West Hollywood Elementary School
Grades K-5 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 43% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,400 | 2,216 | 21% |
| Lot Size | 5,852 | 6,180 | 26% |
| Price | $2.23M | $2.55M | 38% |
| Price per sq ft | $1.6K | $1.1K | 89% |
| Built year | 1925 | 1929 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 74 | 176 | 9% |
Pricing History
Listed for Sale
Dec 22, 2025
$2,225,000
Initial Listing
Sold
Jun 2, 2023
$1,680,000
Public Record