773 N Alexandria Avenue, Los Angeles, California 90029, Los Angeles, 90029 - 2 bed, 2 bath
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Los Angeles, California 90029
This property represents a High-Potential Investment Opportunity with a List Price of $750,000—positioned well below the $870,144 Fair Market Value by 13%. This valuation gap offers $120,144 in Instant Equity. While the 1919 structure has a Condition Rating of 5 and requires renovation, the 5,650 sq ft LARD2-1XL Lot and TOC Tier 3 status allow for up to 7 units. Located in the high-demand East Hollywood market, this Value-Add Asset is ideal for Developers or Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 773 N Alexandria Avenue Subject | $750,000* List Price | 2 | 2 | 1,440 | $595 | - |
A 770 N Alexandria Avenue Sold | $700,000 | 3 | 1 | 1,349 | $519 | 0.0 mi |
B 754 N Kenmore Active | $850,000 List Price | 4 | 2 | 1,821 | $467 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1919, this property is marketed primarily as a development or major 'fix and flip' opportunity. The interior features a severely outdated kitchen with mid-century cabinetry and tiling, and bathrooms with aged pink tile and old fixtures. The listing explicitly states the home 'requires renovation,' and the overall condition shows significant deferred maintenance and aging systems that do not meet current quality standards.
Zoned LARD2-1XL and situated in a TOC Tier 3 area, the property offers exceptional potential to develop up to 7 units, capitalizing on density bonuses and reduced parking requirements.
Located in the high-demand East Hollywood/Silver Lake adjacent market, the property is surrounded by successful redevelopment projects, ensuring strong rental demand and long-term appreciation.
The lot's configuration with dual driveways and a detached garage supports multiple exit strategies, including SB-9 flexibility, ADU expansion, or a comprehensive fix-and-flip.
The original 1919 structure is in a condition that requires extensive renovation, which will necessitate substantial upfront capital and construction oversight.
The physical layout of 3 bedrooms and 2 bathrooms conflicts with official records showing 2 bedrooms and 1 bathroom, potentially complicating financing or permitting for non-development buyers.
Exceptional Development And Investment Opportunity In The Highly Sought-After East Hollywood / Silver Lake Adjacent Area. Situated On A 5,649.3 Sq Ft LARD2-1XL Lot, Subject Property Offers Outstanding Potential For Investors, Builders, And Developers Looking To Capitalize On One Of Los Angeles’ Most Active Infill Housing Markets. Capitalize On Multifamily Density (Up To 7 Units According To Research), SB-9 Flexibility, And ADU Expansion Strategies In A High-Demand Rental Market. Featuring 3 Bedrooms And 2 Bathrooms Total (Records Indicate 2/1) That Requires Renovation, This Classic Los Angeles Style Home Has Dual (2) Driveways On Each Corner Leading Up On The Left Side To A Detached Rear Garage. As Soon As You Enter The Front Door On The Elevated Porch, You’re Greeted By An Expansive Living Room With Fireplace And Built In Shelving, To The Left Is A Dining Area With Window Nook Allowing Plenty Of Natural Light. Next To The Dining Area Is A Kitchen With Access To The Backyard And Laundry Area As Well As To The Hallway Connecting The Den/3rd Bedroom, Other Bedrooms, And Bathrooms. The Den Opens To The Fenced In Backyard. 2 Expansive Bedrooms With Hallway Access Which Opens To Living Area. Primary Bedroom Has Spacious Bathroom Attached And Plenty Of Windows As Well As A Double Doors To Yard. Surrounded By Multifamily Properties And Recent Redevelopment Projects (Literally Across the Street), The Parcel Is Ideally Positioned For Repositioning Into A Higher-Density Residential Asset Utilizing Transit Oriented Communities (TOC Tier 3) – Higher Residential Density Bonus / Reduced Parking Requirements / Build Height Incentives, The Transit Oriented Incentive Area (TOIA 2), The State Enterprise Zone, And Possibly SB-166 Advantages. SELLER FINANCING OPTIONS AVAILABLE. From Long Term Appreciation, Fix And Flip Investors, To Builders And Developers – Bring Your Offers, Call Listing Agent Now!
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 29% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,440 | 1,440 | 50% |
| Lot Size | 5,650 | 5,650 | 50% |
| Price | $750.0K | $1.03M | 12% |
| Price per sq ft | $521 | $714 | 18% |
| Built year | 1919 | 1918 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 131 | 12% |
Mar 11, 2026
$750,000
Initial Listing