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.
Bedrooms
2
Bathrooms
1
Square Feet
1,306
Lot Size
7,131 sqft
Year Built
1923
Property Type
Single Family Residence
Days on Market
0
HOA Fee
N/A
Garage Total
2
MLS #
26856599
Fireplace
Living Room
Heating
Wall Furnace
Total Parking Spaces
2
Garage Spaces
2
Parking Features
Driveway
$0
| Rating | School Name | ||
|---|---|---|---|
| No school data available for this area. | |||
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Flood Risk
Minimal — not in a FEMA flood zone
Wildfire Risk
Moderate — near wildland-urban interface
Heat Risk
Low — moderate summer temperatures
Earthquake Risk
Southern California seismic zone
Based on price, location, and features
Topfind Realty, DRE # 02240815, is a licensed real estate broker in California. Topfind Realty pledges to support the Fair Housing Act and adhere to Equal Housing Opportunity laws.
Copyright © 2026 Topfind Realty. All Rights Reserved.