646 S Record Avenue, Los Angeles, California 90023, Los Angeles, 90023 - 3 bed, 2 bath
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Los Angeles, California 90023
This High-Density Development Asset is listed at $799,999—positioned well below the $800,664 Fair Market Value by 0%. This valuation provides $665 in Instant Equity for the buyer. While the existing residence holds a Condition Rating of 4 with dated "vintage" finishes, the primary value lies in the massive 8,156 Sq Ft Lot featuring rare LCR4YY Zoning. This allows for the development of up to 4 Units, maximizing ROI in the Los Angeles Unified district. With Central Air Conditioning, the property offers immediate rental stability. This is a strategic acquisition for Developers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 646 S Record Avenue Subject | $799,999* List Price | 3 | 2 | 1,280 | $590 | - |
A 803 S Rowan Active | $700,000 List Price | 3 | 2 | 1,369 | $511 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a well-maintained 1921 residence that is move-in ready but features dated interior aesthetics. While it benefits from significant functional upgrades like central air conditioning and heating, the kitchen and bathrooms show their age with vintage tile work and older wood cabinetry. The presence of popcorn ceilings, older light fixtures, and a mix of tile and green carpeting indicates the home has been maintained through regular upkeep rather than a recent modern renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8156, living area = 1280.
The property features a large 8,156 sq ft lot with LCR4YY zoning, providing a rare and lucrative opportunity to build up to 4 units for maximum income generation.
Unlike many vintage homes in the area, this residence is equipped with central air conditioning and heating, offering immediate comfort and increased rental appeal.
With a build date of 1921 and 'vintage' finishes, the property likely requires cosmetic modernization to its original cabinetry and tile work to achieve top market value.
The buyer assumes the responsibility and risk of verifying specific zoning permits and density allowances with the city to realize the advertised 4-unit potential.
BACK ON THE MARKET, SUBJECT TO CANCELLATION OF CURRENT ESCROW** Opportunity knocks with this property sitting on a LARGE 8,156 sq ft sized lot TO BUILD 4 UNITS (LCR4YY-zoned), offering outstanding development and income-producing potential. Whether you’re an investor, builder, or owner-user, this property delivers flexibility and endless possibilities. This charming 3 bedroom 2 bathroom single-family home features a bright living and dining area AND A BONUS FAMILY ROOM. Home features original hardwood-style cabinetry, and a spacious kitchen with ample storage and breakfast nook AND CENTRAL AIR CONDITIONING / HEATING. Interior highlights include tile flooring, ceiling fans, generously sized bedrooms, and well-kept bathrooms with vintage tile charm. Outside, the property truly shines. A long private driveway, oversized grassy yard, mature FRUIT trees, and detached 2 car garage offer endless possibilities for expansion, additional units, or future development. The large flat lot is ideal for maximizing density under LCR4YY zoning, which allows for multi-family residential use and long-term income generation. Centrally located near schools, shopping, dining, and major commuter routes. A rare chance to secure land, zoning, and future upside in one powerful package. Buyer to verify zoning, development potential, and permitted uses with the city.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 1.0 | 59% |
| Square foot | 1,280 | 1,104 | 71% |
| Lot Size | 8,156 | 5,037 | 94% |
| Price | $800.0K | $600.0K | 88% |
| Price per sq ft | $625 | $558 | 59% |
| Built year | 1921 | 1921 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 109 | 144 | 24% |
Mar 30, 2026
$799,999
$849,999
-6% Price Drop
Initial Listing
Feb 17, 2026
$849,999
Initial Listing