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3007 S Canfield Avenue, Los Angeles, California 90034, Los Angeles, 90034 - 2 bed, 1 bath

3007 S Canfield Avenue, Los Angeles, California 90034 home-pic-0
ACTIVE$1,495,000
3007 S Canfield Avenue, Los Angeles, California 90034
2Beds
1Bath
1,256Sqft
7,647Lot
Year Built
1941
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$1,190
HOA
-
Days on market
-
Sold On
-
MLS number
PV25136047
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 16% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.50M(36th), sqft - 1256(17th), beds - 2(23th), baths - 1(19th).

Development Opportunity! Situated on a large lot across the street from the Hamilton High School sports fields in the desireable Castle Heights neighborhood . The existing house is small and in poor condition and will be sold completely as-is. This R1 zoned lot is 7,647 square feet and is in a prime location, strategically located near Cheviot Hills and Culver City and a short drive away from the beach! The value is in the land..and there's lots of it! Current zoning regulations provide streamlined processes for ADU development, making this an even more appealing opportunity.

Price History

Date
Event
Price
06/30/25
Listing
$1,495,000
Condition Rating
Tear down
The property was built in 1941, making it 83 years old. The listing description explicitly states that the 'existing house is small and in poor condition and will be sold completely as-is' and that 'The value is in the land'. This directly aligns with the 'tear-down' criteria, indicating the structure is beyond repair for typical occupancy and its value is based solely on the land for redevelopment.
Pros & Cons

Pros

Significant Development Opportunity: The property is explicitly marketed as a 'Development Opportunity,' with its primary value residing in the large R1 zoned land, not the existing structure.
Expansive R1 Zoned Lot: A generous 7,647 square foot R1 zoned lot provides substantial space for new construction or significant expansion in a highly sought-after urban environment.
Strategic & Desirable Location: Strategically situated in the desirable Castle Heights neighborhood, offering excellent proximity to Cheviot Hills, Culver City, and convenient access to the beach.
Streamlined ADU Potential: Benefits from current zoning regulations that streamline Accessory Dwelling Unit (ADU) development, significantly enhancing the property's future utility and value.
Established Neighborhood Appeal: Located in the 'Beverlywood Vicinity' (MLS area C09), a well-regarded and established Los Angeles neighborhood known for its community and amenities.

Cons

Poor Condition of Existing Structure: The current house is described as 'small and in poor condition,' necessitating significant investment for renovation or demolition.
Sold As-Is Condition: The property is sold 'completely as-is,' meaning the buyer assumes all responsibility for any necessary repairs, upgrades, or demolition costs.
High Entry Price for a Project: The list price of $1.495M is substantial for a property requiring complete redevelopment, potentially limiting the pool of buyers to those with significant capital for both acquisition and construction.

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