507 N Larchmont Boulevard, Los Angeles, California 90004, Los Angeles, 90004 - bed, bath

507 N Larchmont Boulevard
Los Angeles, California 90004
Property Price
SUMMARY
Analysis of 507 N Larchmont Boulevard, Los Angeles, California 90004 is currently available with a list price of $2,999,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is a well-maintained but dated Spanish-style bungalow. The kitchen features older cabinetry, tile countertops, and white appliances that lack modern updates. While the hardwood floors and architectural details are preserved, the overall interior finishes, fixtures, and systems appear to be several decades old without recent major renovations. The listing's emphasis on LAC2 zoning and development potential further indicates that the value lies in the land rather than the current condition of the improvements.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7007, living area = 1431.
- Prime Larchmont Village Location
Situated in one of Los Angeles' most walkable and prestigious corridors, the property offers immediate proximity to high-end boutiques, cafes, and the unique community charm of Larchmont Boulevard.
- Versatile LAC2 Zoning
The rare LAC2 zoning provides exceptional development flexibility, allowing for residential, boutique commercial, or mixed-use projects in a high-demand urban setting.
CONSRISKS & DEFICIENCIES
- High Price per Square Foot
Priced at nearly $3 million for a 1,431 square foot residence, the value is heavily weighted toward the land and zoning, making it a costly entry point for traditional residential buyers.
- Inconsistent School Ratings
While the local elementary school is highly rated, the assigned middle and high schools have significantly lower ratings, which may deter families prioritizing long-term educational stability.
About 507 N Larchmont Boulevard
Situated in the heart of one of Los Angeles' most charming and sought-after neighborhoods, this exceptional property offers a rare opportunity in the vibrant Larchmont Village corridor. Located along the iconic tree-lined Larchmont Boulevard, the property sits just moments from popular cafs, restaurants, boutique shops, and neighborhood amenities that define the unique character of the area. The existing residence features approximately 1,431 square feet of living space on a generous ~7,000 square foot lot, providing flexibility for an owner-user, investor, or developer seeking a premier location in central Los Angeles. With LAC2 zoning, the property presents significant potential for a variety of future uses including residential, mixed-use, or boutique commercial development (buyer to verify). Surrounded by established neighborhoods including Hancock Park, Windsor Square, and Koreatown, the property benefits from strong demographics, consistent foot traffic, and excellent accessibility to major thoroughfares such as Wilshire Boulevard, Melrose Avenue, and Hollywood. Whether preserved as a charming residence or reimagined as a new development opportunity, 507 N Larchmont Blvd offers a rare chance to acquire property on one of Los Angeles' most beloved neighborhood streets.A unique opportunity in the heart of Larchmont Village.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- -
- Lot Size
- 7,007 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Van Ness Avenue Elementary School
Grades K-5 • 0.5 mi
Third Street Elementary School
Grades K-5 • 0.8 mi
Hubert Howe Bancroft Middle School
Grades 6-8 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 3.5 | 6% |
| Baths | - | 3.0 | 6% |
| Square foot | 1,431 | 2,477 | 13% |
| Lot Size | 7,007 | 7,006.5 | 50% |
| Price | $3.00M | $2.22M | 69% |
| Price per sq ft | $2.1K | $964 | 98% |
| Built year | - | 1922 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 177 | 2% |
Pricing History
Listed for Sale
Mar 5, 2026
$2,999,000
Initial Listing
Sold
Aug 23, 2018
$1,475,000
Public Record


