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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
25600017
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 COMPS NEARBY RANGING FROM $845,000 TO OVER $900,000. Remodeled houses sold from $1 to $1.349 million and the similar 4-5 townhomes brand new buildings comps sold for $3,000,000 to $3,850,000. ONE OF THE BEST DEALS IN HOLLYWOOD! 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
10/01/25
Listing
$726,000
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 no evidence of major renovations in the past five decades. The listing description explicitly targets developers and investors, highlighting the land's potential for new construction (e.g., 5 townhome units, ADUs) rather than the existing structure's livability. Images reveal a severely dilapidated exterior with peeling paint and overgrown landscaping, and interior shots show stripped-down, unfinished spaces with exposed pipes and very old electrical components, indicating the property is unlivable and requires demolition or a complete rebuild. The kitchen and bathroom areas, though not fully visible as functional rooms, appear to be in a state of extreme disrepair, consistent with a property whose value lies solely in its land.
Pros & Cons

Pros

Significant Development Potential: The property boasts LARD2 zoning on a 5,588 sq ft corner lot, with existing plans for 5 townhome units, and options for SB684, ADUs, or small lot subdivisions, offering immense value-add opportunities for developers and investors.
Strategic Corner Lot Advantage: Its corner lot position provides significant benefits for new development, including reduced side setbacks, which effectively makes the lot comparable to larger parcels for construction purposes.
Prime East Hollywood Location: Situated in the heart of East Hollywood, the property offers excellent proximity to desirable neighborhoods like Larchmont, Los Feliz, and Silverlake, with easy access to shops, restaurants, trendy cafes, and LA City College.
Strong Investment Value Proposition: Priced below market at $726,000, the property offers substantial upside, with comparable remodeled homes selling for $1M-$1.349M and new 4-5 unit townhome buildings fetching $3M-$3.85M, indicating significant profit potential.
Vacant Delivery & Regulatory Advantages: The property will be delivered vacant and is SB8 exempt, streamlining the development or renovation process by eliminating tenant issues and offering favorable regulatory conditions.

Cons

Age and Condition of Existing Structure: Built in 1919 and on the market for over 50 years, the current 3-bedroom, 1-bathroom house (1,349 sq ft) is likely outdated and requires substantial renovation or demolition, making it unsuitable for immediate move-in.
Significant Upfront Investment Required: The property's value is primarily in its development potential, meaning buyers must be prepared for substantial capital investment in construction or extensive remodeling, which may deter traditional homebuyers.
Discrepancy in Current Valuation: The property's estimated value ($621,223) is lower than the listing price ($726,000), which might require careful explanation to buyers not solely focused on the long-term development and resale potential.

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