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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$799,000
770 N Alexandria Avenue, Los Angeles, California 90029
3Beds
1Bath
1,349Sqft
5,588Lot
Year Built
1919
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$592
HOA
-
Days on market
-
Sold On
-
MLS number
25556869
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 27% below the list price. We found 4 Cons,5 Pros. Rank: price - $799.0K(29th), sqft - 1349(29th), beds - 3(50th), baths - 1(19th).

CALLING ALL DEVELOPERS, FLIPPERS, INVESTORS, CONTRACTORS, BUILDERS, END-USERS- First time in the market for over 50 years, Welcome to 770 N Alexandria Avenue a single family house in the heart of East Hollywood, just minutes from Larchmont, Los Feliz and Silverlake. THERE ARE PLANS FOR 5 Townhome UNITS that can be submitted soon or can remodel and add ADUS, SB8 EXEMPT! 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.Welcome to 770 N Alexandria Avenue a single family house in the heart of East Hollywood, just minutes from Larchmont, 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
Built in 1919 and on the market for the first time in over 50 years, this property shows severe neglect and disrepair in the provided images, with damaged siding, peeling paint, and overgrown vegetation. The listing description explicitly targets developers, flippers, and investors, highlighting the 'potential and possibilities to build new townhomes' and stating the existing 3-bed/1-bath home is 'likely in need of extensive renovation or demolition.' The property's value is clearly based on the land and its redevelopment potential, not the existing structure, which appears unlivable in its current state and has not undergone major renovations in over 50 years.
Pros & Cons

Pros

High Development Potential: Zoned LARD2 with a 5,600 sq ft lot, allowing for the construction of up to 5 townhome units, ADUs, or small lot subdivisions, offering significant value-add opportunities.
Strategic Corner Lot: Benefits from reduced side setbacks due to its corner lot position, optimizing space and design flexibility for new construction.
Prime East Hollywood Location: Situated in a highly desirable area, minutes from Larchmont, Los Feliz, and Silverlake, with easy access to shops, restaurants, cafes, and educational institutions like LA City College.
Vacant Delivery & SB8 Exempt: The property will be delivered vacant and is SB8 exempt, streamlining the development process by avoiding tenant relocation issues and offering regulatory advantages.
Long-Term Ownership Opportunity: First time on the market in over 50 years, presenting a rare and fresh opportunity for significant redevelopment and value creation in a stable, appreciating neighborhood.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-06-06. The sold price is $525,000.00.
Existing Structure Condition: The 1919-built 3-bed/1-bath home is likely in need of extensive renovation or demolition, implying substantial upfront investment for any buyer not solely focused on land value.
Price Discrepancy vs. Current Value: The listing price of $799,000 is significantly higher than the estimated property value of $578,279, suggesting the premium is for development potential rather than the existing residence, which may deter traditional home buyers.
Targeted Buyer Pool: The property's primary appeal is to developers, flippers, and investors, which narrows the potential buyer pool compared to a move-in ready single-family home.

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