
Los Angeles, California 91401
This property presents a High-Potential Investment Opportunity with a List Price of $1,099,000—positioned slightly above the $1,068,831 Fair Market Value. While the current Condition Rating of 6 necessitates capital investment, the expansive 12,981 sqft lot provides significant upside for development. Featuring a swimming pool and a functional four-bedroom layout, the asset offers a strong foundation for modernization or new construction. This is a strategic acquisition for Developers and Buy-and-Hold Investors focused on long-term land value and maximizing density in a prime Los Angeles location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5904 Mammoth Avenue Subject | $1,099,000* List Price | 4 | 2 | 1,990 | $537 | - |
A 13422 Oxnard Street Sold | $850,000 | 3 | 2 | 1,935 | $439 | 0.4 mi |
B 5626 Matilija Sold | $1,175,000 | 4 | 2 | 1,704 | $690 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1951 (73+ years old) with no mention of renovations. The listing explicitly targets developers and emphasizes the 13,000 sqft lot for 'building new,' indicating the value is primarily in the land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12981, living area = 1990.
The nearly 13,000-square-foot lot is significantly larger than average for the area, offering rare potential for developers or end-users to build a custom estate or add multiple ADUs.
The 1,990-square-foot residence features a desirable four-bedroom layout, including a convenient downstairs bedroom ideal for a home office or guest suite.
Built in 1951 and marketed primarily for its potential, the home likely requires substantial capital investment to modernize its systems and finishes to current market standards.
The property does not offer any significant views, which may limit its premium appeal compared to other high-end developments in the surrounding Los Angeles area.
Set on an expansive, nearly 13,000-square-foot lot, this rare property presents an exceptional opportunity for developers, investors, or end users looking to create something truly special. Whether you're envisioning a thoughtful renovation, a custom estate, or exploring the incredible development potential the oversized parcel offers, opportunities like this are becoming increasingly scarce. The existing two-story home offers approximately 2,000 square feet with four bedrooms and two bathrooms, including a convenient downstairs bedroom ideal for guests or a home office. Timeless architectural elements including multiple fireplaces, French doors, and generous living spaces provide a strong foundation for those looking to reimagine the home while preserving its original character. Outside, the sprawling grounds feature a swimming pool, mature landscaping, and ample space to expand, redesign, or create an extraordinary indoor-outdoor environment. The nearly double-sized lot opens the door to endless possibilities, whether your vision is to restore, modernize, or build new. A property defined not by what it is today, but by everything it has the potential to become.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,990 | 1,672 |
| Lot Size | 12,981 | 6,067 |
| Price | $1.10M | $1.37M |
| Price per sq ft | $552 | $801 |
| Built year | 1951 | 1939 |
| HOA | $0 | $348 |
| Days on market | 2 | 56 |
Jul 21, 2026
$1,099,000
Initial Listing
Jan 7, 2022
$485,000
Public Record
Oct 12, 2005
$789,000
Public Record
Nov 22, 1999
$350,000
Public Record