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11810 Avon Way, Los Angeles, California 90066, Los Angeles, 90066 - 3 bed, 1 bath

11810 Avon Way, Los Angeles, California 90066 home-pic-0
ACTIVE$1,926,000
11810 Avon Way, Los Angeles, California 90066
3Beds
1Bath
1,142Sqft
7,417Lot
Year Built
1947
Close
-
List price
$1.93M
Original List price
$2.19M
Price/Sqft
$1,687
HOA
-
Days on market
-
Sold On
-
MLS number
25530143
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 16% below the list price. We found 3 Cons,7 Pros. Rank: price - $1.93M(40th), sqft - 1142(13th), beds - 3(50th), baths - 1(17th).

Excellent Development Opportunity 7,417 Sq. Ft. Lot. Located in a proven development zone, this 7,417 sq. ft. lot offers the potential to build 5 Small Lot Subdivision Units, as demonstrated by the 5-unit project completed across the street.This site qualifies for exemption from parking requirements under the City's Affordable Housing provisionsan increasingly rare advantage in today's market. Additionally, the parcel is exempt from SB8 and AB 1218, as confirmed by city documentation waiving the "no net loss" provision under the Housing Crisis Act of 2019 (documentation available upon request).This represents a prime opportunity for developers to capitalize on favorable zoning, minimal restrictions, and strong local development precedent.Buyer(s) to verify all information independently.

Nearby schools

3/10
Stoner Avenue Elementary School
Public,•K-5•0.3mi
5/10
Braddock Drive Elementary School
Public,•K-5•0.3mi
6/10
Grand View Boulevard Elementary School
Public,•K-5•0.7mi
6/10
Short Avenue Elementary School
Public,•K-6•1.0mi
8/10
Playa Del Rey Elementary School
Public,•K-5•1.1mi
6/10
La Ballona Elementary School
Public,•K-5•1.2mi
9/10
Farragut Elementary School
Public,•K-5•1.2mi
8/10
El Rincon Elementary School
Public,•K-5•1.5mi
7/10
Beethoven Street Elementary School
Public,•K-5•1.5mi
8/10
Coeur D'Alene Avenue Elementary School
Public,•K-5•2.2mi
2/10
Marina Del Rey Middle School
Public,•6-8•0.8mi
7/10
Culver City Middle School
Public,•6-8•1.1mi
4/10
Mark Twain Middle School and World Languages Magnet
Public,•6-8•1.8mi
8/10
Culver City High School
Public,•9-12•1.1mi
6/10
Venice Senior High School
Public,•9-12•1.5mi

Price History

Date
Event
Price
09/05/24
Sold
$1,500,000
Condition Rating
Tear down
Built in 1947, the property is explicitly marketed as an 'Excellent Development Opportunity' with the existing structure noted as a 'liability' and 'likely a tear-down' in the property analysis. The single exterior image shows an aged, unmaintained house, and there are no interior photos, strongly suggesting the current structure holds little to no value and is intended for demolition to facilitate new construction.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7417, living area = 1142.
Great Schools: Elementary School: Farragut Elementary School (9/10).
Significant Development Potential: Explicitly marketed as an 'Excellent Development Opportunity' with the potential to build 5 Small Lot Subdivision Units, indicating high value for developers.
Favorable Zoning Exemptions: Qualifies for exemption from parking requirements and is exempt from SB8 and AB 1218, significantly reducing common development hurdles and costs.
Large Lot Size: A substantial 7,417 sq. ft. lot provides ample space for multi-unit development in a high-demand urban area.
Proven Development Zone: Located in a 'proven development zone' with a 5-unit project successfully completed across the street, offering strong local precedent and reducing development risk.
Strategic Location: Situated in Los Angeles, specifically the desirable Marina Del Rey area (MLS Area C12), ensuring strong market demand for new housing units.

Cons

Existing Structure as a Liability: The 1947-built 3 bed, 1 bath, 1142 sqft single-family home is likely a tear-down for development, incurring demolition costs and not contributing significant value to the development project.
High List Price Relative to Current Use: The list price of $1.926M is considerably higher than the estimated value for a single-family home ($1.599M), indicating it's priced solely for its development potential, which may limit interest from traditional home buyers.
No View: The property explicitly states 'view: None,' which could be a minor detractor for some potential buyers or future residents, especially in a desirable Los Angeles location.

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