507 N Larchmont Boulevard, Los Angeles, California 90004, Los Angeles, 90004 - 0 bed, 0 bath
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Los Angeles, California 90004
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 Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 extensive renovation needed.
The property is primarily marketed as a development opportunity or a 'reimagined' project, which typically indicates the existing structure is in poor condition. With a list price of nearly $3 million for a 1,431 square foot home, the value is clearly in the LAC2-zoned land rather than the building. The residence appears to be an original mid-century or older bungalow with no evidence of recent updates to the kitchen, bathrooms, or electrical systems, suggesting substantial rehabilitation would be required for modern occupancy.
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.
Situated on the iconic tree-lined Larchmont Boulevard, the property offers unparalleled walkability to boutique shops, cafes, and restaurants in one of Los Angeles' most sought-after and charming neighborhoods.
The rare LAC2 zoning provides significant investment upside, allowing for a variety of future uses including residential, mixed-use, or boutique commercial development in a high-demand corridor.
Listed at nearly $3 million for a 1,431 square foot structure, the pricing heavily reflects the land and zoning value rather than the utility of the existing residence, which may require significant additional capital.
While the local elementary school is highly rated, the assigned middle and high schools in the immediate area have lower performance scores, which could be a concern for families with older children.
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.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 4.0 | 4% |
| Baths | 0.0 | 4.0 | 4% |
| Square foot | 1,431 | 2,460 | 7% |
| Lot Size | 7,007 | 7,007 | 50% |
| Price | $3.00M | $1.91M | 73% |
| Price per sq ft | $2.1K | $954 | 98% |
| Built year | 0 | 1921 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 189 | 2% |
Mar 5, 2026
$2,999,000
Initial Listing
Aug 23, 2018
$1,475,000
Public Record