4949 Range View, Los Angeles, California 90042, Los Angeles, 90042 - 2 bed, 1 bath
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Los Angeles, California 90042
Analysis of 4949 Range View, Los Angeles, California 90042 is currently available with a list price of $2,210,000. 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.
Property is land value only, full reconstruction required.
Built in 1923 and over 100 years old with no evidence of significant renovation, this property is explicitly marketed as a development opportunity. The value lies in the three subdivided parcels and architectural plans for new construction rather than the existing 914 sqft structure, which features outdated window AC units and aged exterior finishes.
The property is already legally subdivided into three separate parcels with a recorded map and architectural plans for two additional detached homes, significantly streamlining the development process.
Ideally situated near the vibrant York Boulevard and Occidental College, the property offers high desirability due to its proximity to trendy dining, boutiques, and major Los Angeles transit hubs.
With over 20,300 square feet of hillside land, this rare and substantial lot size provides a significant canvas for a high-value multi-residential project in a dense urban market.
The $2.21M entry price reflects the development potential rather than the current 914 sqft structure, requiring a buyer with significant capital for both acquisition and construction.
Hillside development in Los Angeles involves rigorous city approvals, potential zoning hurdles, and higher construction costs that the buyer must independently verify and manage.
Rare development opportunity in the desirable Highland Park area of Los Angeles. This offering includes three legal parcels with separate APNs (5476-011-038, 5476-011-039, and 5476-011-040). Parcel Map has been recorded and the property has already been legally subdivided into three residential lots. The existing front parcel contains a single-family residence, while architectural plans have been prepared for two additional detached single-family homes on the rear parcels. Plans include approximately 1,662 SF and 1,752 SF two-story residences, respectively. Ideally situated in a hillside residential neighborhood just moments from historic York Boulevard and Occidental College, the property enjoys convenient access to Highland Park's renowned restaurants, cafes, boutiques, cultural attractions, Pasadena, Downtown Los Angeles, and major transportation corridors. York Boulevard is one of Northeast Los Angeles' most vibrant and established commercial destinations, contributing to the area's strong appeal and continued growth. An exceptional opportunity for builders, developers, investors, or owner-users seeking a multi-home development project in one of Northeast Los Angeles' most desirable neighborhoods. Buyer to independently verify all development potential, permits, approvals, plans, zoning, lot dimensions, utilities, and intended use with the City of Los Angeles.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 914 | 1,672 |
| Lot Size | 20,303 | 6,067 |
| Price | $2.21M | $1.37M |
| Price per sq ft | $2.4K | $801 |
| Built year | 1923 | 1939 |
| HOA | $0 | $348 |
| Days on market | 21 | 56 |
Jul 1, 2026
$2,210,000
Initial Listing
Jun 4, 2024
$1,690,000
Public Record