3812 East 1 st, Los Angeles, CA 90063
3812 East 1 st, Los Angeles, CA 90063
Property Description
Seize a rare development opportunity in the heart of Los Angeles. This property comes with approved plans for 6 units — three 3-bedroom/2-bath and three 2-bedroom/2-bath — sitting on a spacious lot ready for your next project. The hard work is already done. No planning headaches, no delays. Just a clear path to breaking ground. Located minutes from Downtown Los Angeles and Monterey Park, the property is surrounded by popular eateries, shopping, and all the amenities that make this one of the city's most desirable corridors. Whether you're an experienced developer or looking to make your mark, this is the kind of turnkey opportunity that rarely comes to market. Don't let it pass you by.
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Los Angeles · Single Family Residence
Listed 88.1% below the median closed sale of $7,995,000. Price per sqft ($137) is a 88% discount to closed comps ($1,182). Closed comps sold at 92% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 701 Rochedale Way | Los Angeles | 2016 | 5 | 8 | 6,640 | 11,602 | $1,204 | $8.00M | 170 | 71 |
| 815 Tigertail Road | Los Angeles | 2017 | 6 | 9 | 6,500 | 8,072 | $1,538 | $9.99M | 151 | 69 |
| 851 Devon Avenue | Los Angeles | 1993 | 5 | 6 | 7,035 | 12,882 | $1,016 | $7.15M | 122 | 69 |
| 1415 Manhattan Place | Los Angeles | 1906 | 9 | 5 | 7,512 | 13,152 | $283 | $2.13M | 131 | 66 |
| 2435 Mandeville Canyon Road | Los Angeles | 2006 | 6 | 6 | 7,318 | 14,812 | $1,298 | $9.50M | 135 | 61 |
| Total: 5 · Average | 6.2 | 6.8 | 7,001 | 12,104 | $1,067.8 | $7.35M | 141.8 | |||
| Median | 7,035 | $8.00M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13120 Nimrod Place | Los Angeles | — | 06/22/2026 | 5 | 6 | 7,000 | 9,363 | $10.99M | $10.30M | $1,471 | 0.94 | 109 | 77 |
| 740 Warner Avenue | Los Angeles | 2022 | 08/17/2026 | 6 | 8 | 7,083 | 9,481 | $11.99M | $10.40M | $1,468 | 0.87 | 95 | 76 |
| 1400 Warnall Avenue | Los Angeles | 2020 | 07/21/2026 | 6 | 8 | 6,500 | 10,304 | $8.00M | $8.00M | $1,230 | 1.00 | 53 | 75 |
| 2162 Westridge Road | Los Angeles | 2020 | 09/30/2026 | 5 | 6 | 6,468 | 9,727 | $8.75M | $7.85M | $1,214 | 0.90 | 222 | 75 |
| 1529 Point View Street | Los Angeles | 2014 | 09/16/2026 | 6 | 9 | 6,923 | 8,433 | $4.00M | $3.64M | $525 | 0.91 | 43 | 73 |
| Total: 5 · Average | 5.6 | 7.4 | 6,794.8 | 9,461.6 | $8.04M | $8.04M | $1,181.6 | — | 104.4 | ||||
| Median | 6,923 | $8.00M | $8.00M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.