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770 N Alexandria Avenue, Los Angeles, California 90029, Los Angeles, 90029 - 3 bed, 1 bath

770 N Alexandria Avenue, Los Angeles, California 90029 home-pic-0
ACTIVE$799,000
770 N Alexandria Avenue, Los Angeles, California 90029
3Beds
1Bath
1,349Sqft
5,588Lot
Year Built
1919
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$592
HOA
-
Days on market
-
Sold On
-
MLS number
25571129
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 14% below the list price. We found 3 Cons,5 Pros. Rank: price - $799.0K(29th), sqft - 1349(29th), beds - 3(50th), baths - 1(19th).

CALLING ALL DEVELOPERS, FLIPPERS, INVESTORS, CONTRACTORS, BUILDERS, END-USERS- First time in the market for over 50 years, Welcome to 770 N Alexandria Avenue a single family house in the heart of East Hollywood, just minutes from Larchmont, Los Feliz and Silverlake. This corner lot has PLANS FOR 5 Townhome UNITS that can be submitted soon or you can remodel and add ADUS, SB8 EXEMPT! This 3 bedroom/ 1 bath home has a tons of potential and possibilities to build new townhomes, add ADUS, remodel, do an addition, or use AB684 to build small lot subdivisions, there are a ton of options to add value. Positioned on a corner lot, there are significant benefits on a new development because of the amount of reduction of the side setbacks, making this lot be comparable to bigger lot sizes. The property is zoned LARD2 boasting close to 5,600 square feet of lot area , you can build 5 townhomes units, the options are endless! This house was owner occupied, will be delivered vacant and will be SB8 exempt! There are several remodeled homes and brand new construction apartment buildings in the surrounding area. Close to La City College, Virgil Village, Larchmont, Little Armenia, and many more. Easy access to shops, restaurants, and trendy cafes. Fantastic opportunity for contractors, developers, investors or end-users looking for a new project! Buyer to verify all and do their own due diligence in regards to plans, ADU potential, SB8 and any other item.

Nearby schools

3/10
Ramona Elementary School
Public,•K-6•0.4mi
5/10
Kingsley Elementary School
Public,•K-5•0.5mi
4/10
Alexandria Avenue Elementary School
Public,•K-5•0.6mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•0.6mi
6/10
Dayton Heights Elementary School
Public,•K-5•0.6mi
3/10
Harvard Elementary School
Public,•K-5•0.7mi
/10
Lexington Avenue Primary Center
Public,•K-2•0.7mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•0.9mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•1.0mi
6/10
Van Ness Avenue Elementary School
Public,•K-5•1.1mi
5/10
Cahuenga Elementary School
Public,•K-5•1.1mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•1.2mi
6/10
Charles H. Kim Elementary School
Public,•K-5•1.2mi
4/10
Grant Elementary School
Public,•K-6•1.3mi
5/10
Virgil Middle School
Public,•6-8•0.9mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.2mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.3mi
4/10
Young Oak Kim Academy
Public,•6-8•1.6mi
7/10
John Burroughs Middle School
Public,•6-8•2.7mi
4/10
Helen Bernstein High School
Public,•9-12•1.1mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•1.8mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.8mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.8mi
8/10
John Marshall Senior High School
Public,•9-12•1.9mi
6/10
Hollywood Senior High School
Public,•9-12•2.5mi
3/10
Belmont Senior High School
Public,•9-12•2.6mi
7/10
Fairfax Senior High School
Public,•9-12•3.6mi

Price History

Date
Event
Price
07/28/25
$799,000
06/06/25
Sold
$525,000
Condition Rating
Tear down
This property, built in 1919, is over 100 years old and has not been on the market for over 50 years, strongly indicating no major renovations in that time. The listing description explicitly targets 'developers, flippers, investors, contractors, builders' and highlights 'PLANS FOR 5 Townhome UNITS' or the potential to 'remodel and add ADUS,' suggesting the value lies in the land for redevelopment rather than the existing structure. The exterior images show significant disrepair, neglect, and overgrown landscaping. Crucially, the complete absence of interior images, especially of the kitchen and bathroom, is a strong indicator that the interior is in an unlivable or severely dilapidated state, requiring demolition or a complete gut renovation. The property fits the 'tear-down' criteria as its structure appears beyond repair for comfortable living, and its value is based solely on the land and its potential for redevelopment.
Pros & Cons

Pros

Exceptional Development Potential: The property comes with plans for 5 townhome units, is SB8 exempt, and offers options for ADUs or small lot subdivisions (AB684), providing diverse and significant value-add opportunities for developers.
Prime Corner Lot Advantage: Positioned on a corner lot, the property benefits from reduced side setbacks, effectively making the lot comparable to larger sizes for new construction and enhancing development flexibility.
Strategic East Hollywood Location: Situated in the heart of East Hollywood, minutes from highly desirable areas like Larchmont, Los Feliz, and Silverlake, with easy access to colleges, shops, restaurants, and trendy cafes.
Favorable Zoning & Lot Size: Zoned LARD2 with a generous 5,588 sqft lot, providing ample space and regulatory support for multi-unit development, specifically allowing for the proposed 5 townhome units.
Vacant Delivery & Unique Opportunity: The property will be delivered vacant, simplifying immediate development or renovation, and being on the market for the first time in over 50 years presents a rare acquisition opportunity.

Cons

Outdated Existing Structure: Built in 1919 with only 3 bedrooms and 1 bathroom, the current 1,349 sqft single-family home is functionally obsolete and would require extensive renovation or demolition for its highest and best use.
Niche Buyer Pool & High Barrier to Entry: The property is primarily marketed towards developers, investors, and contractors, requiring significant capital investment, specialized knowledge, and project management skills, limiting its appeal to general homebuyers.
Extensive Due Diligence Required: The listing explicitly states that buyers must verify all information regarding plans, ADU potential, SB8, and other items, indicating a complex transaction that necessitates thorough investigation and carries inherent risks.

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