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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$699,999
770 N Alexandria Avenue, Los Angeles, California 90029
3Beds
1Bath
1,349Sqft
5,588Lot
Year Built
1919
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$519
HOA
-
Days on market
-
Sold On
-
MLS number
25611239
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 9% below the list price. We found 4 Cons,5 Pros. Rank: price - $700.0K(14th), 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 choose to do SB684, remodel add ADUS, SB8 EXEMPT! This 3 bedroom/ 1 bath home has a tons of potential and possibilities to remodel, or build new townhomes, add ADUS, remodel, do an addition, or use SB684 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! PRICED BELOW ALL IN AREA AND BELOW MARKET PRICE AND THERE IS A SOLD COMPS NEARBY RANGING FROM $845,000 TO OVER $900,000. Remodeled houses sold from $1 to $1.349 million and the similar 4-5 townhomes brand new buildings comps sold for $3,000,000 to $3,850,000. THIS IS ONE OF THE BEST DEALS FOR FIXING/DEVELOPING AND INVESTING in the market! 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
10/27/25
Listing
$699,999
06/06/25
Sold
$525,000
Condition Rating
Tear down
Built in 1919 and explicitly marketed to developers, flippers, and contractors, this property is presented as a 'fixing/developing' opportunity. The description highlights plans for new townhome units, implying the existing structure's value is minimal. Images reveal a severely neglected exterior with worn siding and overgrown vegetation, and an interior with damaged walls, worn floors, and an extremely outdated/damaged utility area. The property appears unlivable in its current state, with its value primarily in the land and redevelopment potential, aligning perfectly with the 'tear-down' criteria.
Pros & Cons

Pros

Exceptional Development Potential: The property offers significant development opportunities, including pre-approved plans for 5 townhome units, eligibility for SB684, ADU potential, and SB8 exemption, catering to various investor and developer strategies.
Strategic Corner Lot Advantage: Positioned on a corner lot, the property benefits from reduced side setbacks, effectively increasing its usable development area and making it comparable to larger parcels.
Favorable High-Density Zoning: Zoned LARD2, the 5,600 sqft lot allows for high-density development, specifically permitting the construction of up to 5 townhome units, maximizing land utilization and potential returns.
Prime East Hollywood Location: Located in the heart of East Hollywood, the property is minutes from highly desirable neighborhoods like Larchmont, Los Feliz, and Silverlake, offering excellent access to amenities, trendy cafes, and a vibrant urban lifestyle.
Strong Investment & ROI Potential: Explicitly priced below market for its development potential, with strong comparable sales for new townhomes ($3M-$3.85M) and remodeled homes ($1M-$1.349M), indicating substantial profit margins for investors and developers.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-06-06. The sold price is $525,000.00.
Extensive Renovation/Redevelopment Required: The property is explicitly marketed as a 'fixer/developing' project, indicating the existing 1919-built structure is likely in poor condition and requires substantial capital investment for either a full remodel or demolition for new construction.
Outdated Current Configuration: The existing 3-bedroom, 1-bathroom layout is outdated and insufficient for modern living standards, necessitating immediate upgrades or a complete redevelopment to meet contemporary buyer expectations.
Age of Property & Potential Hidden Costs: Built in 1919, the home is over a century old, suggesting a high likelihood of outdated infrastructure (plumbing, electrical) and deferred maintenance, which could lead to unforeseen and significant repair costs.

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