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    833 N Las Palmas Ave Los Angeles, CA 90038

    Pending
    For Sale
    $2,295,000

    LAND - Los Angeles, CA

    Lot size:
    0.17 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 12 at 1:06 am

    Property Features for 833 N Las Palmas Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    LARD1.5
    APN
    5524-005-006
    Lot size
    0.17 Acres

    Keller Williams Los Feliz (323) 300-1000 [email protected]

    Listing agent Grant Linscott (323) 300-1000 License #01715002

    Listing date Nov 24, 2025

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Ready for Development

    This property presents an opportunity to construct four architectural single-family homes just north of Melrose in the Hancock Park area of Los Angeles. Plans designed by Letter Four Architects detail four homes, each featuring 3 bedrooms and 3.5 bathrooms, with sizes ranging from 1,920 to 2,110 square feet. The development is SB8 exempt. Each new home is planned to include private roof decks offering city views, open floor plans, spacious interiors, and two-car garages. The existing Spanish-style home on the 0.1668-acre lot features barreled ceilings, a large patio, and a grassy yard. It can be lived in or rented out prior to construction and will be delivered vacant and "as is." The project is nearly Ready to Issue (RTI) with most permits paid, totaling nearly $200,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.336597
    Latitude
    34.086257

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    FAQs

    What type of property is this?
    Residential land & home lot - Land with plans for four single-family homes in Hancock Park.
    Where is this residential land & home lot located?
    The property is located at 833 N Las Palmas Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,295,000.
    What are key features of this property?
    This property features: - Approved plans for 4 modern, single-family homes designed by Letter Four Architects.; - Prime Hancock Park location, just north of Melrose.; - SB8 EXEMPT, streamlining the building process.
    (323) 300-1000
    Request Owner's contact information
    833 N Las Palmas Ave Los Angeles, CA 90038
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    Los Angeles, CA 90038
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    833 N Las Palmas Ave Los Angeles, CA 90038
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