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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 UNDER CONTRACT$1,449,000
3007 S Canfield Avenue, Los Angeles, California 90034
2Beds
1Bath
1,256Sqft
7,647Lot
Year Built
1941
Close
-
List price
$1.45M
Original List price
$1.45M
Price/Sqft
$1,154
HOA
-
Days on market
-
Sold On
-
MLS number
PV25213176
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 15% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.45M(32th), sqft - 1256(17th), beds - 2(23th), baths - 1(19th).

Development Opportunity! Small 2 bedroom home in great central location on huge residential lot. Situated across the street from the Hamilton High School sports fields in the desireable Castle Heights neighborhood. The existing house is in poor condition and will be sold as-is. This R1 zoned lot is 7,647 square feet and is 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
09/10/25
Listing
$1,449,000
Condition Rating
Tear down
The property was built in 1941, making it over 80 years old. The listing explicitly states, 'The existing house is in poor condition and will be sold as-is,' and 'The value is in the land..and there's lots of it!' This, combined with the lack of any mentioned major renovations in the past 50 years and the visible wear on the exterior in the images, indicates that the structure itself is not considered a primary asset and is likely beyond economical repair, aligning with the 'tear-down' criteria where value is solely in the land.
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 = 7647, living area = 1256.
Development Potential: The property is explicitly marketed as a 'Development Opportunity' due to its large R1 zoned lot and favorable ADU regulations, indicating significant potential for new construction or expansion.
Large R1 Zoned Lot: Boasting a substantial 7,647 square foot R1 zoned lot, this property offers ample space for a significant new build or multiple units under current zoning.
Prime Central Location: Situated in the desirable Castle Heights neighborhood, the property benefits from a strategic location near Cheviot Hills, Culver City, and a short drive to the beach.
ADU Development Streamlining: Current zoning regulations provide streamlined processes for ADU development, enhancing the property's value and potential for rental income or multi-generational living.
Proximity to Amenities: The property is conveniently located directly across the street from the Hamilton High School sports fields, offering easy access to recreational facilities.

Cons

Poor Condition & As-Is Sale: The existing 1941-built house is in poor condition and will be sold 'as-is,' implying substantial costs for renovation, demolition, or remediation for the buyer.
Potential Overpricing: The listing price is approximately 20% higher than the estimated property value, which may present a challenge in attracting buyers or necessitate a price reduction.
Small Existing Structure: The current 2-bedroom, 1-bathroom home with 1,256 sqft is small relative to the large lot size and list price, reinforcing that the primary value lies in the land, not the existing dwelling.

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