5327 Geer Street, Los Angeles, California 90016, Los Angeles, 90016 - 13 bed, 14 bath
ACTIVE$999,000
5327 Geer Street, Los Angeles, California 90016
13Beds
14Baths
1,230Sqft
4,810Lot
Year Built
1928
Close
-
List price
$999K
Original List price
$1.05M
Price/Sqft
$812
HOA
-
Days on market
-
Sold On
-
MLS number
25572669
Home ConditionTear down
Features
Good View: City Lights, Courtyard
ViewCity Lights,Courtyard
About this home
We found 3 Cons,5 Pros. Rank: price - $999.0K(36th), sqft - 1230(39th), beds - 13(99th), baths - 14(99th).
4-unit investment opportunity delivered with fully approved plans (RTI). Unit mix: 4BD/4.5BA, 3BD/3.5BA, 4BD/3BA, and 2BD/2.5BA designed for modern living. Located on a quiet street in an Opportunity Zone in a high-demand rental area. Resale comps are around $3 million. Fast-growing area in Los Angeles.
Nearby schools
6/10
Marvin Elementary School
Public,•K-5•0.4mi
5/10
Cienega Elementary School
Public,•K-5•0.4mi
6/10
Baldwin Hills Elementary School
Public,•K-5•0.6mi
5/10
Virginia Road Elementary School
Public,•K-5•1.2mi
4/10
Alta Loma Elementary School
Public,•K-5•1.5mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.1mi
3/10
Arlington Heights Elementary School
Public,•K-5•2.2mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.1mi
2/10
Audubon Middle School
Public,•6-8•2.2mi
3/10
Daniel Webster Middle School
Public,•6-8•4.3mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•0.9mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•1.7mi
Price History
Date
Event
Price
08/13/25
Price Change
$999,000-4.9%
08/01/25
$1,050,000
03/27/25
Sold
$802,000
08/14/96
Sold
$115,000
Condition Rating
Tear down
The property was built in 1928, making it 96 years old. The listing explicitly states it's an 'investment opportunity delivered with fully approved plans (RTI)' for a new 4-unit building 'designed for modern living.' The image provided is a rendering of the proposed new construction, not the existing 1928 structure. This indicates that the value is in the land and the development potential, and the existing structure is likely beyond repair for modern living standards without demolition or a complete rebuild, fitting the 'tear-down' criteria.
Pros & Cons
Pros
Ready-To-Issue (RTI) Plans: The property is delivered with fully approved, Ready-To-Issue plans for a 4-unit development, significantly de-risking and accelerating the construction timeline for the buyer.
Significant Investment Upside: With a list price of $999,000 and projected resale comps around $3 million, this opportunity presents substantial profit potential for a savvy developer or investor.
Strategic Location & Opportunity Zone: Located on a quiet street in a high-demand, fast-growing Los Angeles area and within an Opportunity Zone, offering potential tax advantages and strong rental market fundamentals.
Modern Unit Design & Mix: The approved plans feature a desirable mix of modern 2-4 bedroom units (4BD/4.5BA, 3BD/3.5BA, 4BD/3BA, 2BD/2.5BA), designed to attract premium tenants in a competitive market.
Desirable City Views: The property offers city lights views, enhancing the appeal and potential rental or resale value of the future developed units.
Cons
Requires Full Development: Despite RTI plans, this is a ground-up development project requiring significant construction capital and expertise, as it is not a ready-to-rent multi-unit.
Existing Structure Limitations: The current 1928-built Single Family Residence (1230 sqft) is likely a tear-down or requires extensive renovation, adding to the overall project complexity and cost.
Niche Buyer Pool: The nature of the property as a development opportunity rather than a turnkey asset narrows the potential buyer pool to experienced developers or investors with construction capabilities.