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770 N Alexandria Avenue, Los Angeles, California 90029, Los Angeles, 90029 - 3 bed, 1 bath

770 N Alexandria Avenue, Los Angeles, California 90029 home-pic-0
ACTIVE$875,000
770 N Alexandria Avenue, Los Angeles, California 90029
3Beds
1Bath
1,349Sqft
5,588Lot
Year Built
1919
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
$649
HOA
-
Days on market
-
Sold On
-
MLS number
25549299
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 30% below the list price. We found 4 Cons,5 Pros. Rank: price - $875.0K(38th), sqft - 1349(29th), beds - 3(50th), baths - 1(19th).

TEAR DOWN/FIXER ALERT!!! First time in the market in over 50 years, Calling all Contractors, Developers, Investors, Flippers and End-Users. PLANS ARE AVAILABLE TO BE SUBMITTED FOR 5 UNITS! Welcome to 770 N Alexandria Avenue a single family house in the heart of East Hollywood, just minutes from Los Feliz and Silverlake. This 3 bedroom/ 1 bath home has a tons of potential and possibilities to build new townhomes, add ADUS, remodel, do an addition, or use AB684 to build small lot subdivisions, there are a ton of options to add value. Positioned on a corner lot, there are significant benefits on a new development because of the amount of reduction of the side setbacks. The property is zoned LARD2 boasting close to 5,600 square feet of lot area , you can build 5 townhomes units, the options are endless! This house was owner occupied, will be delivered vacant and will be SB8 exempt! There are several remodeled homes and brand new construction apartment buildings in the surrounding area. Close to La City College, Virgil Village, Larchmont, Little Armenia, and many more. Easy access to shops, restaurants, and trendy cafes. Fantastic opportunity for contractors, developers, investors or end-users looking for a new project! Buyer to verify all.

Nearby schools

3/10
Ramona Elementary School
Public,•K-6•0.4mi
5/10
Kingsley Elementary School
Public,•K-5•0.5mi
4/10
Alexandria Avenue Elementary School
Public,•K-5•0.6mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•0.6mi
6/10
Dayton Heights Elementary School
Public,•K-5•0.6mi
3/10
Harvard Elementary School
Public,•K-5•0.7mi
/10
Lexington Avenue Primary Center
Public,•K-2•0.7mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•0.9mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•1.0mi
6/10
Van Ness Avenue Elementary School
Public,•K-5•1.1mi
5/10
Cahuenga Elementary School
Public,•K-5•1.1mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•1.2mi
6/10
Charles H. Kim Elementary School
Public,•K-5•1.2mi
4/10
Grant Elementary School
Public,•K-6•1.3mi
5/10
Virgil Middle School
Public,•6-8•0.9mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.2mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.3mi
4/10
Young Oak Kim Academy
Public,•6-8•1.6mi
7/10
John Burroughs Middle School
Public,•6-8•2.7mi
4/10
Helen Bernstein High School
Public,•9-12•1.1mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•1.8mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.8mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.8mi
8/10
John Marshall Senior High School
Public,•9-12•1.9mi
6/10
Hollywood Senior High School
Public,•9-12•2.5mi
3/10
Belmont Senior High School
Public,•9-12•2.6mi
7/10
Fairfax Senior High School
Public,•9-12•3.6mi

Price History

Date
Event
Price
06/06/25
Sold
$525,000
Condition Rating
Tear down
The MLS listing explicitly states 'TEAR DOWN/FIXER ALERT!!!' and notes the property is over 100 years old (built 1919) and has not been on the market in over 50 years, indicating no major renovations. The images show severe exterior neglect, overgrown landscaping, and visible signs of disrepair on the structure. The property's value is clearly presented as being in its land and development potential (zoned for 5 units), rather than the existing structure, which is likely unlivable and beyond economical repair.
Pros & Cons

Pros

Development-Ready Zoning & Plans: The property is zoned LARD2, allowing for up to 5 townhome units, with available plans for submission, offering significant development potential.
Strategic Corner Lot: Its corner lot position provides advantageous reduced side setbacks, optimizing space and design flexibility for new construction.
Highly Desirable East Hollywood Location: Situated in the heart of East Hollywood, it offers proximity to trendy neighborhoods like Los Feliz and Silverlake, and easy access to amenities, shops, and cafes.
Vacant Delivery & SB8 Exemption: The property will be delivered vacant and is SB8 exempt, streamlining the development process by avoiding tenant relocation issues and offering regulatory benefits.
Strong Market for New Development: The surrounding area shows active new construction and remodeled homes, indicating a robust market for the type of development this property allows.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-06-06. The sold price is $525,000.00.
Extensive Renovation/Demolition Required: Explicitly marketed as a 'TEAR DOWN/FIXER ALERT,' the existing 1919 structure is in poor condition, necessitating significant investment for renovation or complete demolition.
Significant Price Discrepancy: The listing price of $875,000 is substantially higher than the estimated property value of $607,253, indicating the price is primarily for land value and development potential, not the existing structure.
Limited Current Livability: With only 3 bedrooms and 1 bath in its current 'fixer' state, the property offers limited immediate livability and is not suitable for end-users seeking a move-in ready home.

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