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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
25583797
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 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 SB684 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
08/27/25
Listing
$770,000
06/06/25
Sold
$525,000
Condition Rating
Tear down
Built in 1919 and explicitly marketed for its development potential (new townhomes, ADUs) rather than the existing structure, this property shows no signs of major renovations in over 50 years. The images reveal an extremely dilapidated interior, particularly the kitchen and single bathroom, which are both severely outdated, dirty, and appear unhygienic with very old fixtures and worn surfaces. The flooring (dirty carpets), walls, and exterior also show significant neglect and disrepair. The property is clearly not livable in its current state, and its value is based solely on the land and its potential for redevelopment, aligning perfectly with the 'tear-down' criteria.
Pros & Cons

Pros

Exceptional Development Potential: The property comes with pre-approved plans for 5 townhome units, LARD2 zoning, and SB8 exemption, offering significant value-add opportunities for multi-unit development or ADUs.
Strategic Corner Lot: Its corner lot position provides advantageous reduced side setbacks, effectively maximizing the buildable area and development efficiency.
Prime East Hollywood Location: Located in the heart of East Hollywood, minutes from desirable Larchmont, Los Feliz, and Silverlake, with excellent access to amenities, dining, and educational institutions.
Vacant Delivery & Rare Opportunity: The property will be delivered vacant, simplifying the development process, and represents a unique acquisition opportunity as it's on the market for the first time in over 50 years.
Investor/Developer Aligned: Explicitly marketed to developers, flippers, and investors, this property perfectly aligns with current market demand for high-potential projects in urban infill locations.

Cons

Existing Property Condition: The 1919-built single-family home is likely in original or dated condition, necessitating extensive renovation or demolition for new development, rather than being a move-in ready asset.
Substantial Capital & Project Management Required: This is a project-oriented acquisition that demands significant additional investment for construction, permits, and comprehensive project management beyond the initial purchase price.
Extensive Buyer Due Diligence: The listing emphasizes the need for thorough buyer verification regarding development plans, zoning, and potential, indicating inherent complexities and risks that require careful investigation.

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