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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$726,000
770 N Alexandria Avenue, Los Angeles, California 90029
3Beds
1Bath
1,349Sqft
5,588Lot
Year Built
1919
Close
-
List price
$726K
Original List price
$726K
Price/Sqft
$538
HOA
-
Days on market
-
Sold On
-
MLS number
25591503
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 8% below the list price. We found 3 Cons,5 Pros. Rank: price - $726.0K(13th), sqft - 1349(26th), beds - 3(50th), baths - 1(17th).

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 choose to do SB684, remodel add ADUS, SB8 EXEMPT! This 3 bedroom/ 1 bath home has a tons of potential and possibilities to remodel, or 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! PRICED BELOW ALL IN AREA AND BELOW MARKET PRICE AND THERE IS A SOLD COMP FOR $845,000 nearby for a fixer, Remodeled houses sold for over $1,300,000 and the similar 4-5 townhomes brand new buildings comps sold for $3,000,000 to $3,850,000. 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
09/12/25
Listing
$726,000
06/06/25
Sold
$525,000
Condition Rating
Tear down
The property was built in 1919, making it over 100 years old, and the listing explicitly states it's 'First time in the market for over 50 years,' indicating no major renovations in that period. The images reveal severe exterior deterioration, including peeling paint, damaged siding, and general neglect, strongly suggesting the structure is beyond reasonable repair. The listing's primary focus is on the land's development potential ('PLANS FOR 5 Townhome UNITS,' 'build new townhomes,' 'add ADUS'), rather than the existing house, and there are no interior photos, which typically implies the interior is unpresentable or unlivable. This aligns perfectly with the 'tear-down' criteria where the structure is beyond repair and the value is based solely on the land.
Pros & Cons

Pros

Exceptional Development Potential: The property offers pre-approved plans for 5 townhome units, flexible LARD2 zoning, and options for ADUs or small lot subdivisions, presenting diverse and high-value development opportunities.
Prime Corner Lot Advantage: Its corner lot position significantly reduces side setbacks, effectively enhancing the usable development footprint and maximizing the potential of the 5,588 sqft lot.
Strategic & Desirable Location: Located in the heart of East Hollywood, minutes from Larchmont, Los Feliz, and Silverlake, with easy access to amenities, trendy cafes, and educational institutions, ensuring strong demand for future units.
Significant Financial Upside: Priced below market value for its development potential, with clear comparable sales indicating substantial profit margins for both renovated homes ($1.3M+) and new townhome projects ($3M-$3.85M).
Vacant Delivery & Development-Ready: The property will be delivered vacant and is SB8 exempt, streamlining the development process by eliminating tenant relocation issues and offering immediate project commencement.

Cons

Extensive Capital Investment Required: The 1919-built structure likely necessitates either a complete demolition for new construction or a comprehensive, costly renovation, requiring significant upfront capital and project management.
Limited Immediate Livability: As a 3-bedroom, 1-bathroom home built in 1919, it is not move-in ready for most end-users and is primarily suited for investors or developers willing to undertake a major project.
Due Diligence Complexity: The listing explicitly states 'Buyer to verify all,' indicating that potential buyers must conduct thorough due diligence regarding plans, zoning, ADU potential, and SB8 exemptions, adding complexity and cost to the acquisition process.

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