
Los Angeles, California 90006
This property presents a High-Potential Investment Opportunity with a List Price of $950,000—positioned well above the $715,124 Fair Market Value by -32%. As a Residential Income Asset with Demolition Approval for a 24-unit development, the value is derived entirely from the land and zoning potential rather than the existing structure. Given the Condition Rating of 6, this site is strictly a development play. This is an ideal acquisition for Multi-Family Developers or Institutional Investors seeking to maximize density in the Los Angeles market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 964 S Catalina Subject | $1,100,000* List Price | 0 | 0 | 5,898 | $184 | - |
A 1230 S Bonnie Brae Active | $1,049,000 List Price | 0 | 0 | 5,426 | $193 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1905, the property is marketed as a development opportunity with demolition already approved for a 24-unit project, indicating the existing structure is unlivable and the value lies in the land.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5898, other record living area = 1507.
PROPERTY WAS APPROVED TO BUILD UP TO 24 UNITS BY PLANNIG DEPARTMENT ALSO DEMOLITION APPROVED!!! GREAT INVESTMENT OPPORTUNITY FOR INVESTORS, LOCATED NEXT TO APPARTMENT BUILDINGS, PLEASE SEE SUPPLEMENTS!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 5,898 | 2,187.451 |
| Lot Size | 5,898 | 5,841.385 |
| Price | $1.10M | $841.5K |
| Price per sq ft | $187 | $385 |
| Built year | 1905 | 1928 |
| HOA | $0 | $0 |
| Days on market | 204 | 85 |
May 23, 2026
$1,100,000
$920,000
+20% Price Increase
Initial Listing
May 20, 2026
$920,000
$950,000
-3% Price Drop
Initial Listing
May 15, 2026
$950,000
$1,000,000
-5% Price Drop
Initial Listing
Feb 17, 2026
$1,000,000
Initial Listing
Mar 12, 2021
$1,000,000
Public Record