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12821 Panama St, Los Angeles, CA 90066

Sale Price: $1,150,000
Jul 10, 2024864 sqft2 beds1 baths
Listed by: Arleen Revilla
License #: 01307271
Phone #: 310-895-4522
R1R
Source:
CRMLS Logo
MLS #: 24413465

Property Description

First Time Homebuyers. Location, Location, Location. Get this fixer now and build your custom dream home in the future! Great starter home gets you into this peaceful yet highly desired Marina del Rey adjacent neighborhood that has so much to offer. Best value - buy now, build later! Charming 2bed + 1bath has separate laundry room. Move in now and give it some TLC in the future. THIS IS THE GOLDMINE LARGE LOT YOU'VE BEEN WAITING FOR! Prime 5,629sqft lot (50'wide/113'deep). Huge ARV potential. Bring your ideas and your architect, mini mansions are the trend in this area. Unpermitted garage conversion micro studio with bathroom (shower) and countertop for bar frig and microwave. Make it a legal ADU. Backyard has several fruit trees - avocado, guava, calamansi, persimmons and lemon. Easy access to 90, 405 & 105 fwy. Just minutes to LAX. Pavilions, CVS, Trader Joe's, Ralph's, Whole Foods and CostCo are all nearby, along with the many restaurants, shops, banks, theaters etc. A major boon to the area is a nine story Cedars Sinai Marina del Rey Hospital, scheduled for completion in 2026. Who wants to be near the beach? Playa del Rey, Venice and Santa Monica in addition to Marina del Rey Mothers Beach, Fisherman's Village and Burton Chase Park for a picnic and a stroll along the water & boats! Easy to see. Sellers has already identified a replacement property. They are anxious to make a deal!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$14,748

TurboHome Estimated Value

$1,071,600

$1,240 sqft

High Valuation
$1,125,180
$1302/sqft
Normal Valuation
$1,071,600
$1240/sqft
Low Valuation
$1,018,020
$1178/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1240/sqft$1,071,600

Neighborhood: Playa Vista

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Comparative Value

$820K

$1.11M

$1.15M

$1.20M

12726 Short Ave, Los Angeles, CA 90066

Sale Price: $820,000

Selected Comparable

12489 Wagner St, Los Angeles, CA 90066

Sale Price: $1,107,000

Selected Comparable

12821 Panama St, Los Angeles, CA 90066

Sale Price: $1,150,000

Selected Comparable

12821 Panama St, Los Angeles, CA 90066

List Price: $1,160,000

Subject Property

12487 Gilmore Ave, Los Angeles, CA 90066

Sale Price: $1,169,000

Selected Comparable

12908 Greene Ave, Los Angeles, CA 90066

Sale Price: $1,200,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
12821 Panama St, Los Angeles, CA 90066

12821 Panama St, Los Angeles, CA 90066

List: $1,160,000

Listed: 7/10/2024

Area:864 sqft
Price/sqft:$1,343
Beds:2
Baths:1
Year Built:
Lot Size:5,629

Comparable Properties

COMPARABLE
Choose comps
12821 Panama St, Los Angeles, CA 90066

12821 Panama St, Los Angeles, CA 90066

Sale: $1,150,000

9/10/20240.00 mi

Area:864 sqft
Price/sqft:$1,331
Beds:2
Baths:1
Year Built:
Weight:21.5%
12489 Wagner St, Los Angeles, CA 90066

12489 Wagner St, Los Angeles, CA 90066

Sale: $1,107,000

4/25/20250.34 mi

Area:800 sqft
Price/sqft:$1,384
Beds:2
Baths:1
Year Built:
Weight:20.9%
12487 Gilmore Ave, Los Angeles, CA 90066

12487 Gilmore Ave, Los Angeles, CA 90066

Sale: $1,169,000

10/16/20240.41 mi

Area:850 sqft
Price/sqft:$1,375
Beds:2
Baths:1
Year Built:
Weight:20.6%
12726 Short Ave, Los Angeles, CA 90066

12726 Short Ave, Los Angeles, CA 90066

Sale: $820,000

1/14/20250.34 mi

Area:760 sqft
Price/sqft:$1,079
Beds:2
Baths:1
Year Built:
Weight:19.5%
12908 Greene Ave, Los Angeles, CA 90066

12908 Greene Ave, Los Angeles, CA 90066

Sale: $1,200,000

6/3/20250.27 mi

Area:770 sqft
Price/sqft:$1,558
Beds:3
Baths:1
Year Built:
Weight:17.5%

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2

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3

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