$950,000

Estimated payment $5,893/month

2 Beds
1 Bath
817 Sq Ft
$1,163 Price per Sq Ft

Highlights

  • Traditional Architecture
  • No HOA
  • Tile Flooring
  • Marvin Avenue Elementary School Rated 9+
  • Living Room
  • 1-Story Property

About This Home

Located in a premier Opportunity Zone in the heart of West Adams, this LARD1.5-zoned parcel offers a rare, SB 8-exempt, and non-rent-controlled development opportunity with a streamlined path to market-rate construction. This is only for Lot 2, as seen in photos, provides an opportunity to build a "by-right" triplex, plus the addition of an ADU yields a fourplex in one of the nation's fastest-growing sub-markets. Capitalize on the immense demand from expanding nearby offices for Apple, Amazon Studios, and HBO. Future residents will enjoy easy access to Whole Foods, Mizlala, the newly opened Maydan Market, and all the trendy destinations along Adams Blvd. The site is uniquely positioned as a standalone project or as part of a strategic five-lot assembly totaling a half-acre with plans for 16 small-lot homes. Unlike many central LA developments, this project requires no low-income set-asides or replacement units, allowing for 100% market-rate rental or sales potential. This is an ideal acquisition for developers seeking a high-margin exit or a stable, long-term hold in Los Angeles' most dynamic growth hub.

Listing Agent

Ari Wintraub

Sotheby's International Realty License #01943483 Listed on: 05/07/2026

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1947

Lot Details

  • 4,800 Sq Ft Lot
  • Lot Dimensions are 40x120
  • Property is zoned LARD1.5

Parking

  • Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • 817 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5043-016-003

Home Details

Home Type

Single Family

Year Built

Built in 1947

Lot Details

4,800 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 817
  • Lot Acreage: 0.1102
  • Lot Dimensions: 40x120
  • Probate: No
  • Year Built: 1947
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Tile
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Total Bathrooms: 1.00
  • Price Per S Q F T: 1162.79

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5043-016-003
  • Lot Size Area: 4800

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,855 $821,915 $657,532 $164,383
2024 $9,855 $805,800 $644,640 $161,160
2023 $9,667 $790,000 $632,000 $158,000
2022 $580 $40,360 $22,143 $18,217
2021 $565 $39,569 $21,709 $17,860
2019 $550 $38,397 $21,066 $17,331
2018 $527 $37,645 $20,653 $16,992
2016 $496 $36,185 $19,852 $16,333
2015 $490 $35,642 $19,554 $16,088
2014 $502 $34,944 $19,171 $15,773
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/07/2026 05/07/26 For Sale $950,000 +20.3% $1,163 / Sq Ft
12/29/2022 12/29/22 Sold $790,000 +0.6% $967 / Sq Ft View Prior Sale
12/21/2022 12/21/22 Pending -- -- --
12/08/2022 12/08/22 For Sale $785,000 -- $961 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $790,000 Corinthian Title
Transaction History Record -- Lawyers Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $100,000 Purchase Money Mortgage
Source: Public Records

Source: The MLS

MLS Number: 26830009

The MLS

APN: 5043-016-003

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