7860 Hindry Avenue, Los Angeles, California 90045, Los Angeles, 90045 - 4 bed, 4 bath
ACTIVE$1,199,000
7860 Hindry Avenue, Los Angeles, California 90045
4Beds
4Baths
2,400Sqft
5,453Lot
Price Vs. Estimate
The estimated value ($1,135,368.95) is $63,631.05 (5%) lower than the list price ($1,199,000). This property may be overpriced.
Key pros and cons
Top Pros:
Ready-to-Issue (RTI) Plans: The property comes with approved, Ready-to-Issue plans for a modern residence, significantly streamlining the permitting process and reducing development timelines and uncertainties.
Top Cons:
Significant Additional Investment Required: The listed price covers the land and plans, but the buyer must finance the entire construction of the new home, representing a substantial additional financial commitment beyond the purchase price.
Compared to the nearby listings
Price:$1.20M vs avg $1.65M ($-450,000)12%
Size:2,400 sqft vs avg 1,815 sqft73%
Price/sqft:$500 vs avg $9302%
More Insights
Built in 1950 (75 years old).
Condition: The property was built in 1950, making it 74 years old. The listing explicitly states it comes with 'RTI (Ready-to-Issue) plans for a stunning modern residence' and focuses on the opportunity to 'build a sophisticated and contemporary home.' The provided image is a rendering of this future home, not the existing structure. This indicates that the current 1950-built house is considered beyond repair or economically viable renovation, and its value is primarily in the land and the approved plans for new construction, fitting the 'tear-down' criteria.
Year Built
1950
Close
-
List price
$1.2M
Original List price
$1.3M
Price/Sqft
$500
HOA
-
Days on market
-
Sold On
-
MLS number
25563011
Home ConditionTear down
Features
View-
About this home
Envision your dream home with RTI (Ready-to-Issue) plans for a stunning modern residence. Located in a desirable Westchester neighborhood, this exceptional offering provides a path to building a sophisticated and contemporary home tailored to today's lifestyle. The approved plans showcase an elegant design with open-concept living spaces, abundant natural light, and outdoor decks, promising an unparalleled living experience. After completion, based on recent comps, the value will range from $2.3M - 2.4M, and you have the option of having the original builder construct the house. This is a unique opportunity to own a meticulously designed home without the typical delays and complexities of the planning and permitting process.
Nearby schools
4/10
Oak Street Elementary School
Public,•K-6•0.7mi
4/10
Highland Elementary School
Public,•K-6•0.8mi
5/10
Westport Heights Elementary School
Public,•K-5•0.9mi
5/10
Felton Elementary School
Public,•K-5•1.6mi
6/10
Kentwood Elementary School
Public,•K-5•1.8mi
9/10
Cowan Avenue Elementary School
Public,•K-6•1.9mi
6/10
Buford Elementary School
Public,•K-5•2.0mi
8/10
El Rincon Elementary School
Public,•K-5•2.3mi
8/10
Playa Del Rey Elementary School
Public,•K-5•2.4mi
4/10
Loyola Village Elementary School
Public,•K-5•2.7mi
8/10
Juan De Anza Elementary School
Public,•K-5•2.9mi
6/10
Playa Vista Elementary
Public,•K-6•2.9mi
9/10
Center Street Elementary
Public,•K-5•3.2mi
4/10
Paseo Del Rey Natural Science Magnet
Public,•K-5•3.5mi
9/10
Richmond Street Elementary School
Public,•K-5•3.8mi
8/10
Coeur D'Alene Avenue Elementary School
Public,•K-5•4.9mi
2/10
Crozier (George W.) Middle School
Public,•7-8•0.3mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•1.3mi
4/10
Orville Wright Engineering And Design Magnet
Public,•6-8•1.8mi
5/10
Lennox Middle School
Public,•6-8•2.1mi
7/10
Culver City Middle School
Public,•6-8•3.4mi
9/10
Richard Henry Dana Middle School
Public,•6-8•3.8mi
2/10
Inglewood High School
Public,•9-12•1.1mi
2/10
Morningside High School
Public,•9-12•2.7mi
4/10
Westchester Enriched Sciences Magnets
Public,•9-12•3.1mi
4/10
Hawthorne High School
Public,•9-12•3.3mi
8/10
Culver City High School
Public,•9-12•3.4mi
6/10
Venice Senior High School
Public,•9-12•4.6mi
4/10
Lawndale High School
Public,•9-12•4.7mi
Price History
Date
Event
Price
04/01/99
Sold
$190,000
04/15/25
Sold
$850,000
Condition Rating
Tear down
The property was built in 1950, making it 74 years old. The listing explicitly states it comes with 'RTI (Ready-to-Issue) plans for a stunning modern residence' and focuses on the opportunity to 'build a sophisticated and contemporary home.' The provided image is a rendering of this future home, not the existing structure. This indicates that the current 1950-built house is considered beyond repair or economically viable renovation, and its value is primarily in the land and the approved plans for new construction, fitting the 'tear-down' criteria.
Pros & Cons
Pros
Ready-to-Issue (RTI) Plans: The property comes with approved, Ready-to-Issue plans for a modern residence, significantly streamlining the permitting process and reducing development timelines and uncertainties.
High Post-Construction Value Potential: Upon completion, the new home is projected to be valued between $2.3M - $2.4M based on recent comparable sales, indicating substantial equity potential for the buyer.
Desirable Westchester Neighborhood: Located in a sought-after Westchester neighborhood, offering a prime Los Angeles address with strong market demand and community appeal.
Modern & Sophisticated Design: The approved plans feature an elegant, open-concept design with abundant natural light and outdoor decks, catering to contemporary lifestyle preferences.
Streamlined Construction Option: Buyers have the option to engage the original builder for construction, potentially ensuring a smooth transition from plans to a finished home.
Cons
Significant Additional Investment Required: The listed price covers the land and plans, but the buyer must finance the entire construction of the new home, representing a substantial additional financial commitment beyond the purchase price.
Construction Project & Associated Risks: This is not a move-in ready property; buyers must be prepared to undertake or manage a full construction project, which inherently involves risks, potential delays, and cost management.
Lack of Existing View: The property explicitly states 'None' for views, which could be a drawback in a desirable Los Angeles market where scenic views often command a premium.