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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$770,000
770 N Alexandria Avenue, Los Angeles, California 90029
3Beds
1Bath
1,349Sqft
5,588Lot
Year Built
1919
Close
-
List price
$770K
Original List price
$770K
Price/Sqft
$571
HOA
-
Days on market
-
Sold On
-
MLS number
25577493
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 12% below the list price. We found 3 Cons,5 Pros. Rank: price - $770.0K(19th), 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 3 bed 1 bath 1,354 square feet single family house in the heart of East Hollywood, just minutes from Larchmont, Los Feliz and Silverlake. This corner lot has PLANS FOR 5 Townhome UNITS that can be submitted soon or you 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, making this lot be comparable to bigger lot sizes. 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 and do their own due diligence in regards to plans, ADU potential, SB8 and any other item.

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
08/12/25
Listing
$770,000
06/06/25
Sold
$525,000
Condition Rating
Tear down
The property was built in 1919 and has not been on the market for over 50 years, indicating no major renovations in that time. The listing description explicitly targets developers, flippers, and investors, highlighting the property's potential for new construction (e.g., 5 townhome units) on the land, rather than the existing structure's livability. The exterior images show significant disrepair, including a dilapidated porch. The absence of interior photos further suggests the current structure is not considered a selling point and is likely unlivable or beyond practical repair, making its value primarily in the land for redevelopment, aligning perfectly with the 'tear-down' criteria.
Pros & Cons

Pros

Development-Ready Potential: The property comes with pre-existing plans for 5 townhome units, favorable LARD2 zoning, and is SB8 exempt, significantly de-risking and accelerating multi-unit development.
Prime Corner Lot Location: Situated on a desirable corner lot in East Hollywood, minutes from Larchmont, Los Feliz, and Silverlake, offering excellent access and development advantages due to reduced setbacks.
Flexible Value-Add Opportunities: Beyond townhomes, the large 5,588 sqft lot allows for diverse options including ADUs, additions, or small lot subdivisions (AB684), maximizing investment returns.
Vacant Delivery & Long-Term Hold: Available for the first time in over 50 years and delivered vacant, providing a rare, immediate opportunity for developers or investors without tenant complications.
Thriving Neighborhood Growth: Surrounded by recent remodels and new construction, indicating a strong market for new development and potential for high resale values in a revitalizing area.

Cons

Age and Condition of Existing Structure: Built in 1919, the current 3-bed, 1-bath home is over a century old and likely requires substantial renovation or demolition, adding to initial project costs.
Limited Existing Home Appeal: The single bathroom and older condition of the 1,349 sqft house make it less appealing for immediate end-user occupancy without significant investment, primarily targeting developers.
Absence of Premium Features: The property lacks specific premium features such as desirable views or unique architectural elements that could command higher value for an existing residential property.

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