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1531 Taft Avenue, Los Angeles, California 90028, Los Angeles, 90028 - 2 bed, 2 bath

1531 Taft Avenue, Los Angeles, California 90028 home-pic-0
ACTIVE$879,000
1531 Taft Avenue, Los Angeles, California 90028
2Beds
2Baths
1,542Sqft
2,468Lot
Year Built
1981
Close
-
List price
$879K
Original List price
$900K
Price/Sqft
$570
HOA
-
Days on market
-
Sold On
-
MLS number
SR25186623
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $879.0K(17th), sqft - 1542(50th), beds - 2(33th), baths - 2(33th).

PRIME HOLLYWOOD LOCATION – Endless Possibilities! Don’t miss out on the chance to call this incredible Hollywood property your new home—or your next great investment! The original living space is a 1,542 sq. ft. home featuring 2 bedrooms and 2 bathrooms, located on the second level, along with a spacious 2-car garage. The property also includes a studio unit on the first level (next to the garage) and an additional 3-bedroom, 1-bath unit on the third level—both with separate entrances. Buyer to verify all permits. ADDED BONUS FOR OWNER OCCUPIED BUYERS: This property is eligible for a special program from City National Bank offering $20K toward closing costs with just 3% down and NO PMI! If you're an investor or developer, this is a rare redevelopment opportunity in one of the most sought-after neighborhoods in Hollywood. Situated on a prime LAR4-zoned lot, this property offers tremendous potential for multi-family development in the heart of Los Angeles. Perfectly positioned between Sunset Blvd and Hollywood Blvd, you're just a short walk to the Hollywood Walk of Fame, Netflix HQ, top restaurants, shops, nightlife, and iconic attractions. Plus, you're only minutes from Griffith Park, Los Feliz, Dodger Stadium, and Downtown LA. Whether you're looking to live, invest, or develop, this unique property offers unmatched location and unlimited potential. Opportunities like this don’t come often—schedule your showing today!

Price History

Date
Event
Price
09/25/25
Price Change
$879,000-2.3%
08/19/25
Listing
$899,900
12/14/01
Sold
$225,000
Condition Rating
Poor
Built in 1981, this property is 43 years old with no explicit mention of major renovations. The visible living room features (dated ceiling fan, traditional brick fireplace, older window treatments) suggest an outdated aesthetic. Crucially, there are no images or descriptions of the kitchen or bathrooms, which, given the property's age and the listing's emphasis on 'redevelopment opportunity' and 'tremendous potential for multi-family development,' strongly implies these areas are significantly outdated and would require substantial rehabilitation. The presence of a window AC unit also points to an older or inefficient cooling system. While not explicitly unsafe, the property requires significant investment to bring it to modern standards, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Prime Hollywood Location: The property boasts an exceptional location in Hollywood, within walking distance to the Hollywood Walk of Fame, Netflix HQ, top restaurants, shops, nightlife, and iconic attractions, offering unparalleled convenience and desirability.
Significant Development Potential: Situated on a prime LAR4-zoned lot, this property presents a rare redevelopment opportunity for multi-family housing, making it highly attractive to investors and developers.
Multi-Unit Configuration: The property includes a 2-bedroom, 2-bathroom main home, a separate studio unit, and an additional 3-bedroom, 1-bath unit, all with separate entrances, providing excellent income potential or flexible living arrangements.
Owner-Occupied Buyer Incentive: A special program from City National Bank offers owner-occupied buyers $20,000 toward closing costs with just 3% down and no PMI, significantly enhancing affordability.
Desirable City Lights View: The property offers a desirable 'City Lights' view, adding to its aesthetic appeal and potential value.

Cons

Permit Verification Required: The listing explicitly states 'Buyer to verify all permits' for the additional units, indicating potential non-permitted structures or compliance issues that could lead to unforeseen costs or legal complications.
Age and Potential for Updates: Built in 1981, the property is over 40 years old, suggesting that significant updates to systems, finishes, and overall modernization may be required to meet current standards or maximize rental income/resale value.
Small Lot Size: With a lot size of 2,468 sq. ft., the property has a relatively small footprint, which could limit further expansion, outdoor living space, or the scope of redevelopment despite its LAR4 zoning.

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