12017 Herbert St, Los Angeles, CA 90066 - View 1
12017 Herbert St, Los Angeles, CA 90066 - View 2
12017 Herbert St, Los Angeles, CA 90066 - View 3

12017 Herbert St, Los Angeles, CA 90066

Sale Price: $1,232,000
Jan 14, 20251,315 sqft3 beds2 baths
Listed by: Christophe Heldoorn
License #: 01967764
Phone #: 310-492-3531
The Niche
Source:
CRMLS Logo
MLS #: 25482679

Property Description

First time on the market in over 50 years, this is a perfect opportunity for developers looking to capitalize on an exceptional piece of land. Zoned LAR3, this property offers the flexibility for a variety of development options, from multi-unit residential projects to potential mixed-use developments, making it an ideal choice for builders and investors looking to create something special in one of Los Angeles' most dynamic neighborhoods. With its generous lot size, the property provides ample space to design and build a modern residential development that aligns with the demand for new housing in this thriving part of West Los Angeles.The location couldn't be more convenientsituated just minutes from the vibrant Culver City Arts District, downtown Culver City, and Venice, residents will have easy access to top-notch dining, shopping, and entertainment. The property is also close to major tech hubs and studios, including the Culver Studios, Sony Pictures, and the Silicon Beach area, making it an attractive choice for those looking to live close to work and play. Nearby, Ballona Creek Trail offers outdoor enthusiasts a scenic path for walking, running, and biking, while Venice Beach is just a short drive away, providing the iconic California coastal lifestyle with sun, sand, and an array of shops and eateries along the famous boardwalk. For those seeking a well-connected urban location, it's within easy reach of major transportation corridors like the 405 and 10 Freeways, as well as public transit options. The area is rapidly evolving, with a strong demand for residential and mixed-use developments, making this an exciting investment for the future. Whether you're an experienced developer or a first-time investor, this property offers incredible potential in one of Los Angeles' most sought-after neighborhoods. DRIVE BY ONLY. DO NOT DISTURB TENANT. Property to be delivered vacant. **ALSO CAN BE COMBINED WITH VACANT LOT NEXT DOOR THAT IS FOR SALE AT 12019 HERBERT ST**
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

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“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

$20,973

TurboHome Estimated Value

$1,324,100

$1,007 sqft

High Valuation
$1,390,305
$1057/sqft
Normal Valuation
$1,324,100
$1007/sqft
Low Valuation
$1,257,895
$957/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1007/sqft$1,324,100

Neighborhood: Mar Vista

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Comparative Value

$900K

$1.07M

$1.23M

$1.59M

$1.61M

3961 S Centinela Ave, Los Angeles, CA 90066

Sale Price: $900,000

Selected Comparable

12411 Pacific Ave 105, Los Angeles, CA 90066

Sale Price: $1,075,000

Selected Comparable

12017 Herbert St, Los Angeles, CA 90066

Sale Price: $1,232,000

Selected Comparable

12017 Herbert St, Los Angeles, CA 90066

List Price: $1,250,000

Subject Property

12125 Herbert St, Los Angeles, CA 90066

Sale Price: $1,587,000

Selected Comparable

11906 S Park Ave, Los Angeles, CA 90066

Sale Price: $1,610,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
12017 Herbert St, Los Angeles, CA 90066

12017 Herbert St, Los Angeles, CA 90066

List: $1,250,000

Listed: 1/14/2025

Area:1,315 sqft
Price/sqft:$951
Beds:3
Baths:2
Year Built:
Lot Size:5,000

Comparable Properties

COMPARABLE
Choose comps
12017 Herbert St, Los Angeles, CA 90066

12017 Herbert St, Los Angeles, CA 90066

Sale: $1,232,000

4/7/20250.00 mi

Area:1,315 sqft
Price/sqft:$937
Beds:3
Baths:2
Year Built:
Weight:22.6%
3961 S Centinela Ave, Los Angeles, CA 90066

3961 S Centinela Ave, Los Angeles, CA 90066

Sale: $900,000

1/10/20250.39 mi

Area:1,352 sqft
Price/sqft:$666
Beds:3
Baths:2
Year Built:
Weight:20.5%
12411 Pacific Ave 105, Los Angeles, CA 90066

12411 Pacific Ave 105, Los Angeles, CA 90066

Sale: $1,075,000

10/17/20240.52 mi

Area:1,330 sqft
Price/sqft:$808
Beds:3
Baths:2
Year Built:
Weight:20.0%
11906 S Park Ave, Los Angeles, CA 90066

11906 S Park Ave, Los Angeles, CA 90066

Sale: $1,610,000

12/20/20240.23 mi

Area:1,482 sqft
Price/sqft:$1,086
Beds:3
Baths:2
Year Built:
Weight:19.1%
12125 Herbert St, Los Angeles, CA 90066

12125 Herbert St, Los Angeles, CA 90066

Sale: $1,587,000

4/18/20250.10 mi

Area:1,718 sqft
Price/sqft:$924
Beds:3
Baths:2
Year Built:
Weight:17.9%

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