1283 W Sunset Boulevard, Los Angeles, California 90026, Los Angeles, 90026 - 2 bed, 1 bath
ACTIVE$899,000
1283 W Sunset Boulevard, Los Angeles, California 90026
2Beds
1Bath
1,216Sqft
7,488Lot
Year Built
1906
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$739
HOA
-
Days on market
-
Sold On
-
MLS number
DW25015189
Home ConditionTear down
Features
Patio
ViewNeighborhood
About this home
Possibly Over-Priced:The estimated price is 29% below the list price. We found 3 Cons,6 Pros. Rank: price - $899.0K(10th), sqft - 1216(32th), beds - 2(38th), baths - 1(24th).
Fantastic time to own your next home and/or business, within walking distance to the beloved Dodger Stadium and down the street to the famous Guisados Tacos! Seize the opportunity to own on a prime location within the exclusive Echo Park and Silver Lake neighborhoods, with close proximity to DTLA, Elysian Park, Echo Park Lake, The Griffith Observatory, etc! This property offers mixed used zoning (zoned LAC2), special and perfect for any savvy investor, developer, or business owner looking to lay some roots in a popular area that thrives all year round. Upon visiting the property, you'll find it currently shows as a single-family residence sitting on over 7,400 sq ft lot. Property is sold for Land Value, as-is in present and physical condition. This is your chance to let your creativity run wild.
Nearby schools
4/10
Betty Plasencia Elementary School
Public,•K-6•0.5mi
6/10
Castelar Street Elementary School
Public,•K-5•0.7mi
7/10
Solano Avenue Elementary School
Public,•K-6•1.1mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•1.1mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•1.1mi
/10
Lake Street Primary School
Public,•K-1•1.2mi
3/10
Elysian Heights Elementary School
Public,•K-6•1.3mi
2/10
Mayberry Street Elementary School
Public,•K-6•1.3mi
8/10
Clifford Street Elementary School
Public,•K-6•1.4mi
7/10
Dorris Place Elementary School
Public,•K-6•1.5mi
5/10
Micheltorena Street Elementary School
Public,•K-5•1.9mi
8/10
Allesandro Elementary School
Public,•K-6•2.1mi
2/10
Logan Street Elementary School
Public,•K-8•0.7mi
3/10
Sal Castro Middle School
Public,•6-8•1.0mi
5/10
Florence Nightingale Middle School
Public,•6-8•2.1mi
5/10
Virgil Middle School
Public,•6-8•2.4mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.5mi
6/10
Irving STEAM Magnet
Public,•6-8•3.3mi
3/10
Belmont Senior High School
Public,•9-12•1.0mi
8/10
John Marshall Senior High School
Public,•9-12•3.0mi
Condition Rating
Tear down
Built in 1906, this property is explicitly marketed as being 'sold for Land Value, as-is in present and physical condition,' with the description encouraging buyers to 'let your creativity run wild.' This strongly indicates the existing structure is considered beyond repair or not economically viable to renovate, and its value lies solely in the land for redevelopment. The age of the property (over 50 years old) combined with the 'as-is' and 'land value' designation aligns perfectly with the 'tear-down' criteria, suggesting the structure is unlivable and requires demolition.
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 = 7488, living area = 1216.
Exceptional Location: Prime location within the highly desirable Echo Park and Silver Lake neighborhoods, offering walking distance to Dodger Stadium, popular eateries, and close proximity to DTLA, Elysian Park, and Griffith Observatory.
Flexible Mixed-Use Zoning (LAC2): The property boasts LAC2 mixed-use zoning, providing significant flexibility for investors, developers, or business owners to pursue various residential, commercial, or mixed-use projects.
Strong Development Potential: Explicitly marketed for 'Land Value' with an invitation to 'let your creativity run wild,' indicating a clear opportunity for redevelopment rather than renovation of the existing structure.
Generous Lot Size: Sitting on a substantial 7,488 sq ft lot, there is ample space for a significant development project, especially beneficial given the mixed-use zoning.
High Demand Area: Located in a 'popular area that thrives all year round,' ensuring consistent interest and potential for strong returns on investment for new developments.
Cons
Sold Strictly for Land Value & As-Is: The property is sold 'as-is' and for 'Land Value,' implying the existing 1906 structure has little to no contributory value and will likely require demolition or extensive, costly renovation.
Significant Valuation Discrepancy: The listing price of $899,000 is considerably higher than the estimated property value of $637,841.19, suggesting it may be overpriced given its 'land value' proposition and current condition.
Age of Existing Structure: Built in 1906, the current single-family residence is very old, which typically entails substantial costs for necessary upgrades, repairs, or complete replacement to meet modern standards.