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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$699,999
770 N Alexandria Avenue, Los Angeles, California 90029
3Beds
1Bath
1,349Sqft
5,588Lot
Year Built
1919
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$519
HOA
-
Days on market
-
Sold On
-
MLS number
25628655
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 9% below the list price. We found 4 Cons,5 Pros. Rank: price - $700.0K(14th), 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 SB8 approved letter and 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. THIS IS ONE OF THE BEST DEALS FOR FIXING/DEVELOPING AND INVESTING in the market! 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
12/15/25
Listing
$699,999
06/06/25
Sold
$525,000
Condition Rating
Tear down
Built in 1919 and explicitly marketed to developers for new construction or extensive redevelopment, the property is described as 'unsuitable for immediate occupancy.' Images reveal an extremely dilapidated condition with severely outdated and worn kitchen appliances, cabinetry, and bathroom fixtures (e.g., old pedestal sink, clawfoot tub, dated tiles). Carpets are worn, paint is peeling, and light fixtures are very old. The overall state of disrepair, coupled with the listing's focus on land value and development potential, indicates the existing structure is beyond practical repair and its value lies solely in the land.
Pros & Cons

Pros

Exceptional Development Potential: The property boasts pre-approved SB8 plans for 5 townhome units, LARD2 zoning, and multiple options for ADUs, small lot subdivisions, or extensive remodeling, offering significant value-add opportunities for developers.
Strategic Corner Lot Advantage: Positioned on a corner lot, the property benefits from reduced side setbacks, effectively increasing usable lot area for new construction and maximizing development density.
Prime East Hollywood Location: Situated in a highly desirable area, minutes from Larchmont, Los Feliz, and Silverlake, with excellent access to colleges, trendy cafes, shops, and restaurants, enhancing future property value.
Strong Investment Value & ROI: Priced below market with substantial profit potential, evidenced by comparable new townhome developments selling for $3M-$3.85M and remodeled homes for $1M-$1.349M, indicating a high return on investment for development.
Vacant Delivery & Market Readiness: The property will be delivered vacant, simplifying the development process by avoiding tenant relocation issues, and is located in an area with active new construction, indicating strong demand for updated properties.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-06-06. The sold price is $525,000.00.
Extensive Renovation or Redevelopment Required: The 1919-built, 3-bedroom, 1-bathroom structure is likely in poor condition, necessitating either a complete tear-down for new construction or a major, costly renovation, making it unsuitable for immediate occupancy.
High Capital and Expertise Requirement: This is not a turnkey property and is explicitly marketed to developers, flippers, and investors, requiring significant financial investment, project management skills, and specialized development expertise.
Complex Due Diligence Burden: The transaction involves intricate development regulations (SB8, SB684, ADU potential), placing a substantial burden on the buyer for thorough verification and due diligence regarding plans and feasibility.

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