RealKey
‪(213) 433-7766‬

910 Rector Place, Los Angeles, California 90029, Los Angeles, 90029 - 1 bed, 1 bath

910 Rector Place, Los Angeles, California 90029 home-pic-0
ACTIVE$998,000
910 Rector Place, Los Angeles, California 90029
1Bed
1Bath
Sqft
5,178Lot
Year Built
1935
Close
-
List price
$998K
Original List price
$1.25M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
25539181
Home ConditionTear down
Features
Good View: Hills
ViewHills

About this home

We found 3 Cons,5 Pros. Rank: price - $998.0K(52th), sqft - 0(5th), beds - 1(14th), baths - 1(19th).

Local and innovative firm, Bica Architects AIA presents this incredible development opportunity in the highly sought-after Silver Lake area. Available for purchase are one or both parcels, with each plot featuring plans and renderings for three distinct and architecturally significant units. Located at 916 Sanborn and 910 Rector Ave, these properties can be combined, offering over 10,000 square feet of contiguous land. Bica Architects, designed by Alex Stephan Bica, AIA, NCARB has comprehensive plans and surveys. If Purchased together, Seller has RUD for 910 Rector place. Enjoy proximity to Sunset Junction, Erewhon, Courage Bagels and more! *Alternatively, there is a single family home on the property that could be renovated and added on to. **The RUD states no replacement unit is necessary*

Price History

Date
Event
Price
08/19/25
Price Change
$998,000-20.2%
05/15/25
Listing
$1,250,000
08/18/22
Sold
$600,000
Condition Rating
Tear down
The property was built in 1935, making it over 50 years old. The listing explicitly markets this as a 'development opportunity' with 'plans and renderings' for new units, and all provided images are architectural renderings of proposed new construction, not photos of the existing single-family home. While the description mentions an existing home that 'could be renovated and added on to,' the primary focus and visual evidence strongly suggest the value lies in the land and its redevelopment potential, indicating the existing structure is likely considered a tear-down.
Pros & Cons

Pros

Prime Development Opportunity: The property is explicitly marketed as an 'incredible development opportunity' with existing plans and renderings by Bica Architects AIA for three distinct units per plot, significantly streamlining the initial development phase.
Highly Desirable Location: Situated in the highly sought-after Silver Lake area, the property offers proximity to popular amenities like Sunset Junction, Erewhon, and Courage Bagels, enhancing its appeal for future residents.
RUD Advantage for Development: The seller possesses a Rent Stabilization Ordinance Unit Determination (RUD) for 910 Rector Place, stating 'no replacement unit is necessary,' which is a significant advantage for multi-unit development in Los Angeles.
Comprehensive Architectural Plans: Bica Architects AIA has provided comprehensive plans and surveys, reducing the initial legwork, time, and cost for a developer to begin construction.
Significant Price Reduction: The property has seen a substantial price drop from $1.25M to $998,000, indicating potential seller motivation and offering a more attractive entry point for investors or developers.

Cons

Condition of Existing Structure: The current 1935-built 1 bed/1 bath single-family home likely requires extensive renovation or demolition, adding significant upfront costs and effort if not completely redeveloped.
Specialized Buyer Pool: Primarily positioned as a 'development opportunity,' this property appeals to a niche market of developers or experienced investors, potentially limiting the pool of traditional home buyers.
Substantial Upfront Investment: Beyond the purchase price, the property demands significant additional capital for either extensive renovation of the existing structure or, more likely, for the multi-unit development project, which may deter some buyers.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state