601 W Avenue 28, Los Angeles, California 90065, Los Angeles, 90065 - 0 bed, 1 bath
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Los Angeles, California 90065
Analysis of 601 W Avenue 28, Los Angeles, California 90065 is currently available with a list price of $1,150,000. 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.
The property is an 86-year-old structure (built 1938) marketed explicitly for land value and redevelopment. The existing improvements consist of a non-permitted automotive repair shop with no residential kitchen or functional living systems, and the listing assigns no value to the current structures.
The LARD2 zoning on this approximately 4,433-square-foot parcel offers significant opportunities for residential redevelopment or multi-unit construction in a high-demand area.
Positioned on a rare corner lot, the property provides enhanced visibility, dual access points, and greater architectural flexibility for future builders and developers.
Located in the rapidly evolving Cypress Park neighborhood, the property is situated in a trendy, high-growth submarket of Los Angeles with strong long-term appreciation potential.
The historical use as an automotive repair facility necessitates rigorous environmental due diligence, as potential soil contamination or unpermitted improvements could lead to significant remediation costs.
The property is sold strictly for land value with no value assigned to existing structures, requiring the buyer to absorb the costs and logistics of demolition and site clearing.
Rare corner-lot opportunity in the evolving Cypress Park neighborhood of Northeast Los Angeles. Offered primarily for land value, this approximately 4,433-square-foot parcel is zoned LARD2 and presents potential for a builder, developer, investor, or owner-user seeking a residential redevelopment opportunity. The property currently contains existing improvements and has been used as an automotive repair location; however, the business is not included in the sale, and the existing use is not represented as legally permitted or available for continuation. Property is being sold as-is, with no value assigned to the existing improvements. Buyer and buyer’s agent are strongly encouraged to independently investigate and verify zoning, permitted uses, development potential, lot and building square footage, permits, Certificate of Occupancy, environmental conditions, utilities, and all other property information with the City of Los Angeles and appropriate professionals. Please do not disturb the occupant. Drive by only unless an appointment has been confirmed. The property is zoned Store/Office (mixed use), per the City or County property is to be zoned LARD2
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 1.0 | 1.0 |
| Square foot | 856 | 2,864 |
| Lot Size | 4,435 | 7,003 |
| Price | $1.15M | $1.58M |
| Price per sq ft | $1.3K | $319 |
| Built year | 1938 | 1929 |
| HOA | $0 | $907 |
| Days on market | 3 | 91 |
Jul 22, 2026
$1,150,000
Initial Listing