RealKey
‪(213) 433-7766‬

7533 Maie Avenue, Los Angeles, California 90001, Los Angeles, 90001 - 1 bed, 1 bath

7533 Maie Avenue, Los Angeles, California 90001 home-pic-0
ACTIVE$899,999
7533 Maie Avenue, Los Angeles, California 90001
1Bed
1Bath
572Sqft
5,826Lot
Year Built
1922
Close
-
List price
$900K
Original List price
$600K
Price/Sqft
$1,573
HOA
-
Days on market
-
Sold On
-
MLS number
MB24002346
Home ConditionTear down
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $900.0K(92th), sqft - 572(8th), beds - 1(8th), baths - 1(50th).

Plans were approved by July 25. Building permits are in hands. It ready to build. 572SF ORIGINAL SINGLE FAMILY HOUSE WITH BIG LOT. 4113 SF NEW DUPLEX BUILDING ADU AND CONVERSION PLAN HAVE JUST BEEN APPROVED. IT IS READY TO BUILD. FRONT BUILDING PLAN FOR NEW MAIN HOUSE: 3058 SF 2-STORY SINGLE FAMILY RESIDENCE WITH NEW SFD WITH 6 BEDROOMS, 5 BATHS AND 2-CAR GARAGE 418SF. BACK UNIT REMODEL AND CONVERTING TO ADU WITH ADDITION NEW AREA: CONVERSION OF 1055SF ACCESSORY DWELLING UNIT (ADU) WITH 3 BEDROOMS AND 3 BATHS. ALL THE PLANCHECK, PERMITS AND CITY FEES HAD BEEN PAID. NEW BUYER JUST TAKE THE PROJECT AND START THE CONSTRUCTION. SELLER IS A DEVELOPER AND CONTRACTOR AND CAN OFFER REASONABLE PRICE FOR THE BUILDING JOBS. ANY QUESTIONS, PLEASE CALL LISTING AGENT.

Price History

Date
Event
Price
10/23/25
Price Change
$899,999+28.6%
09/24/25
Price Change
$699,999
01/04/24
Listing
$599,999
07/12/22
Sold
$450,000
Condition Rating
Tear down
The property was built in 1922, making it over 100 years old. The listing description explicitly focuses on approved plans for a new duplex and ADU, indicating the value is in the land and redevelopment potential, not the existing structure. The single interior image provided shows a room with heavily worn, stained, and damaged checkered flooring, an outdated ceiling fan, and generally dilapidated conditions, suggesting the existing 572 sqft house is unlivable or beyond practical repair for modern standards.
Pros & Cons

Pros

Permit-Ready Development: All plans, permits, and city fees for a substantial 4113 sqft duplex (new main house + ADU) are approved and paid, significantly de-risking and accelerating the development process for the buyer.
High-Density Income Potential: The approved plans allow for a new 6-bedroom, 5-bath main house and a 3-bedroom, 3-bath ADU, maximizing the property's potential for rental income or multi-unit resale value.
Seller's Contractor Services: The seller, a developer and contractor, offers to provide building services at a reasonable price, potentially streamlining construction and cost management for the buyer.
Ample Lot Size for Development: The 5826 sqft lot provides sufficient space for the approved duplex project, which includes a new main house and an accessory dwelling unit.
Strategic Investment Opportunity: This property represents a prime opportunity for investors or developers seeking a shovel-ready project with pre-approved plans in the Los Angeles market.

Cons

Substantial Construction Costs: Despite secured permits, the buyer faces significant capital outlay for the actual construction of the 4113 sqft duplex, which is a major financial undertaking.
Existing Structure's Limited Utility: The current 1922-built, 572 sqft house offers minimal intrinsic value to the development and will likely require demolition or extensive modification, adding to initial project costs.
Ongoing Project Management: Even with pre-approved plans, the buyer remains responsible for the complex and time-consuming management of the entire construction phase, including oversight and potential unforeseen issues.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state