1215 Hilldale Ave, Los Angeles, California 90069, Los Angeles, 90069 - 2 bed, 1 bath
ACTIVE$1,890,000
1215 Hilldale Ave, Los Angeles, California 90069
2Beds
1Bath
Sqft
6,001Lot
Year Built
Close
-
List price
$1.89M
Original List price
$1.89M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
25541975
Home ConditionTear down
Features
Excellent View: City Lights, Ocean
Patio
ViewCity Lights,Ocean
About this home
We found 3 Cons,5 Pros. Rank: price - $1.89M(13th), sqft - 0(4th), beds - 2(16th), baths - 1(4th).
North of Sunset development opportunity. Mostly flat 6001 SQ.FT. lot with a non permitted One Bedroom- One bath1000 SQ.FT. Bungalow. In process of being permitted. Gated street to street lot ,very private with Spectacular City views of downtown Los Angeles. There is room for ADU's
Price History
Date
Event
Price
10/16/23
Sold
$600,000
Condition Rating
Tear down
The listing explicitly states the existing 1000 sq ft bungalow is 'non-permitted' and 'in process of being permitted,' indicating a significant legal and structural hurdle. The property is marketed as a 'development opportunity,' with a 3D render of a new build included in the images, strongly suggesting the intent is to demolish the current structure. The visible window AC unit and dated interior elements (white tile flooring, old shutters) further support that the existing bungalow is old and has not been significantly updated. Its value is clearly in the land and its potential for redevelopment, aligning with the 'Tear-down' criteria.
Pros & Cons
Pros
Development Potential: Offers significant development opportunity on a mostly flat 6001 SQ.FT. lot, ideal for new construction or substantial expansion in a prime location.
Prime Location: Situated in the highly desirable 'North of Sunset' area within the exclusive Sunset Strip - Hollywood Hills West, ensuring strong market demand and appreciation.
Panoramic Views: Boasts spectacular panoramic City views of downtown Los Angeles and distant Ocean views, a premium amenity enhancing property value and appeal.
Enhanced Privacy & Security: Features a gated street-to-street lot, providing exceptional privacy, security, and flexible access, a rare and sought-after characteristic.
ADU Expansion Capability: Explicitly offers room for Accessory Dwelling Units (ADUs), presenting clear potential for additional income generation or multi-generational living.
Cons
Non-Permitted Structure: The existing 1000 SQ.FT. bungalow is currently non-permitted, posing legal and financial risks until full permitting and compliance are achieved.
Permitting Uncertainty: While 'in process of being permitted,' the ongoing nature of this process introduces potential delays, additional costs, and uncertainty for the buyer.
High Investment for Development: The $1.89M list price is a substantial investment for a property primarily valued for its land and development potential, requiring significant further capital for construction.