$1,418,900
About this home
Prime Mid-Wilshire/Picfair Village Development Opportunity on an Expansive 7,129 SF Lot! Incredible opportunity in a highly sought-after Los Angeles pocket! Boasting an oversized 7,129 sq ft lot significantly larger than standard lots in the immediate areathis property is a goldmine for investors, developers, or an owner-user looking to build substantial equity. Whether your vision is a full luxury rebuild, expanding the existing footprint, or capitalizing on LA's hot multi-unit development market, the options here are endless. The existing home features classic charm with hardwood flooring and a detached 2-car garage. Public records reflect a 2-bedroom, 1-bathroom home of 1,306 sq ft; however, the property currently functions as a 3-bedroom, 2-bathroom layout. The additional 1 bed/1 bath was completed with quality workmanship, offering an immediate value-add or rental potential while you finalize your long-term plans. Live in it, rent it out, or clear the lot to maximize the zoning and square footage potential. Located minutes from world-class dining, shopping, and transit. Property is being sold AS-IS. Buyer to verify all permitted/unpermitted square footage, zoning regulations, and development potential.
Facts & features
- Bedrooms
- 2
- Bathrooms
- 1 full, 0 half
- Living area
- 1,306 sq ft
- Fireplace
- Living Room
- Heating
- Wall Furnace
- Cooling
- None
- Laundry
- None
- Levels
- One
- Spa
- None
- Lot size
- 0.164 acres (7,131 sq ft)
- Pool
- None
- Architectural style
- Spanish
- Year built
- 1923
- Parking
- Driveway
- Parking spaces
- 2
- Area
- C 16 - Mid Los Angeles
- County
- Los Angeles
- Status
- Active
- Property type
- Single Family Residence
- Days on market
- 8
- Listed
- 2026-07-07
- Parcel #
- 5069010020
- MLS #
- 26856599
