8800 Holmes, Los Angeles, California 90002, Los Angeles, 90002 - bed, bath
ACTIVE$625,000
8800 Holmes, Los Angeles, California 90002
0Bed
0Bath
4,750Sqft
7,700Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Permit-Ready Development: All plans, permits, and school fees are paid, significantly de-risking and accelerating the development process for a triplex.
Top Cons:
Substantial Construction Investment Required: Despite permits, the buyer must finance and manage the entire construction of the triplex, representing a significant upfront capital outlay.
Compared to the nearby listings
Price:$625.0K vs avg $750.0K ($-125,000)42%
Size:4,750 sqft vs avg 2,153 sqft92%
Price/sqft:$132 vs avg $3528%
More Insights
Built in 2026 (-1 years old).
Condition: This listing is for a vacant lot with approved plans and permits for a new triplex, with a projected build year of 2026. The images provided are architectural blueprints, not photos of an existing structure. Since the property is 'ready to build' and will be newly constructed in 2026, it will meet the highest quality standards with all new components, systems, and finishes, aligning perfectly with the 'Excellent' condition criteria for a brand new property.
Year Built
2026
Close
-
List price
$625K
Original List price
$625K
Price/Sqft
$132
HOA
-
Days on market
-
Sold On
-
MLS number
DW25229539
Home ConditionExcellent
Features
View-
About this home
Vacant lot with plans permits school fees all paid ready to build 5/3 5/3 3/2 resale value 1.7 million agent is owner call for details 562 824 9003
Price History
Date
Event
Price
04/12/24
Sold
$485,000
08/25/23
Sold
$382,000
Condition Rating
Excellent
This listing is for a vacant lot with approved plans and permits for a new triplex, with a projected build year of 2026. The images provided are architectural blueprints, not photos of an existing structure. Since the property is 'ready to build' and will be newly constructed in 2026, it will meet the highest quality standards with all new components, systems, and finishes, aligning perfectly with the 'Excellent' condition criteria for a brand new property.
Pros & Cons
Pros
Permit-Ready Development: All plans, permits, and school fees are paid, significantly de-risking and accelerating the development process for a triplex.
High-Value Triplex Project: Designed for a triplex with a substantial projected resale value of $1.7 million, offering strong investment potential upon completion.
Income-Generating Asset Potential: Once built, the triplex configuration (5/3, 5/3, 3/2) promises significant rental income, making it an attractive investment.
Strategic Los Angeles Location: Situated in Los Angeles, a high-demand real estate market with consistent appreciation potential and strong rental demand.
Owner-Agent Direct Access: Direct communication with the owner/agent can streamline negotiations and provide in-depth project insights and transparency.
Cons
Substantial Construction Investment Required: Despite permits, the buyer must finance and manage the entire construction of the triplex, representing a significant upfront capital outlay.
Projected Value is Not Guaranteed: The $1.7 million resale value is a projection and depends on future market conditions, construction quality, and timely completion, carrying inherent market risk.
Construction Time and Risk: The development process involves inherent risks, potential delays, and management complexities before the asset becomes income-producing or ready for resale.