6502 4th, Los Angeles, California 90043, Los Angeles, 90043 - 0 bed, 0 bath
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Los Angeles, California 90043
This property presents a High-Potential Investment Opportunity with a List Price of $599,900—positioned well below the $477,933 Fair Market Value by -25%. While the structure carries a Condition Rating of 6 due to severe fire damage, the 8,035 square foot corner lot and C2-1VL-CPIO zoning provide exceptional versatility for ground-up commercial or mixed-use development. This asset is a strategic play for Commercial Developers and Real Estate Investors focused on land value and adaptive reuse in the growing Park Mesa Heights market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6502 4th Subject | $599,900* List Price | 0 | 0 | 2,463 | $194 | - |
A 5747 3rd Avenue Active | $499,900 List Price | 4 | 1 | 2,093 | $239 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The 1940s structure has sustained catastrophic fire damage, leaving it unlivable with a destroyed roof and compromised structural integrity. The listing explicitly states the value is squarely in the land for redevelopment.
High School: Middle College High School (9/10).
The C2-1VL-CPIO zoning offers exceptional flexibility for developers, permitting a broad range of commercial, residential, or mixed-use projects in a high-demand area.
The 8,035 square foot corner lot provides superior visibility and accessibility, making it an ideal candidate for ground-up commercial development or adaptive reuse.
The existing structure has sustained significant fire damage and is being sold as-is, essentially requiring a total teardown or a high-cost reconstruction.
The majority of the immediate neighborhood schools carry low ratings, which may impact the resale value or desirability for future residential occupants.
A compelling land and redevelopment play on a corner lot in the Park Mesa Heights neighborhood of Los Angeles. The existing 2,463 square foot structure is a fixer-upper with potential for redevelopment., which permits a broad range of commercial and residential uses. The assessor reflects a prior institutional use designation, adding an interesting dimension for buyers exploring adaptive reuse, ground-up commercial development, or mixed-use projects. Buyer to independently verify all zoning allowances, permitted uses, and development potential with the City of Los Angeles. The 8,035 square foot corner lot offers excellent visibility and accessibility, situated near Van Ness Recreation Center, Chesterfield Square Park, and everyday retail along nearby commercial corridors. The location provides convenient access to the 10 and 405 freeways, Inglewood, and the broader South LA market; an area that has seen meaningful investor interest in recent years.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 2% |
| Baths | 0.0 | 2.0 | 2% |
| Square foot | 2,463 | 1,593 | 88% |
| Lot Size | 8,035 | 6,113.5 | 91% |
| Price | $599.9K | $870.0K | 10% |
| Price per sq ft | $244 | $599 | 3% |
| Built year | 1940 | 1928 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 144 | 2% |
May 7, 2026
$599,900
Initial Listing
Sep 4, 2002
$233,000
Public Record
Sep 3, 2002
$233,000
Public Record