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133 W Avenue 31, Los Angeles, CA 90031

List Price: $750,000On Market FlagOn market
Aug 15, 20251,470 sqft3 beds1 baths
Listed by: Joy Bolger
License #: 01946243
Phone #: 323-708-9156
Compass
Source:
CRMLS Logo
MLS #: 25579117

Property Description

Rare Development Opportunity in Lincoln Heights. This single-family home with an additional structure sits on an expansive, flat lot zoned RD3-1 with TOC Tier 3 status opening the door to endless possibilities. Keep the original Craftsman charm with its roomy layout, soaring ceilings, and abundant natural light, or take advantage of the easy-to-build lot and create a profitable multi-unit project.Located in a state-designated housing and enterprise zone, this property qualifies for density bonuses, reduced parking requirements, faster approvals, and major developer incentives. Key Highlights: Expansive, flat lot with RD3 zoning multi-unit potential. TOC Tier 3, build more units with fewer parking requirements. Enterprise & Housing Element site added incentives and faster approvals. Craftsman character with tons of natural light. Steps from Zizou, Moo's Craft Barbecue, Mazel, and Terra Mia. Minutes to Chinatown, Highland Park, and DTLA. Strong renter and buyer demand in a thriving neighborhood. Whether you're looking to develop, invest, or design your dream home, this property is a rare chance to grab a prime piece of Lincoln Heights with character, location, and high ROI potential.
Assignment
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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

$11,733

TurboHome Estimated Value

$766,100

$521 sqft

High Valuation
$804,405
$547/sqft
Normal Valuation
$766,100
$521/sqft
Low Valuation
$727,795
$495/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$521/sqft$766,100

Neighborhood: Montecito Heights

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Comparative Value

$670K

$750K

$780K

$850K

$905K

$1.01M

2301 Gates St, Los Angeles, CA 90031

Sale Price: $670,000

Selected Comparable

133 W Avenue 31, Los Angeles, CA 90031

List Price: $750,000

Subject Property

3017 Minnesota St, Los Angeles, CA 90031

Sale Price: $780,000

Selected Comparable

536 Montecito Dr, Los Angeles, CA 90031

Sale Price: $850,000

Selected Comparable

4106 Homer St, Los Angeles, CA 90031

Sale Price: $905,000

Selected Comparable

2837 Sierra St, Los Angeles, CA 90031

Sale Price: $1,010,500

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
133 W Avenue 31, Los Angeles, CA 90031

133 W Avenue 31, Los Angeles, CA 90031

List: $750,000

Listed: 8/15/2025

Area:1,470 sqft
Price/sqft:$510
Beds:3
Baths:1
Year Built:
Lot Size:6,254

Comparable Properties

COMPARABLE
Choose comps
3017 Minnesota St, Los Angeles, CA 90031

3017 Minnesota St, Los Angeles, CA 90031

Sale: $780,000

4/23/20250.41 mi

Area:1,372 sqft
Price/sqft:$569
Beds:3
Baths:1
Year Built:
Weight:23.0%
536 Montecito Dr, Los Angeles, CA 90031

536 Montecito Dr, Los Angeles, CA 90031

Sale: $850,000

7/8/20251.05 mi

Area:1,492 sqft
Price/sqft:$570
Beds:3
Baths:2
Year Built:
Weight:20.6%
2301 Gates St, Los Angeles, CA 90031

2301 Gates St, Los Angeles, CA 90031

Sale: $670,000

1/8/20250.83 mi

Area:1,167 sqft
Price/sqft:$574
Beds:3
Baths:1
Year Built:
Weight:19.1%
4106 Homer St, Los Angeles, CA 90031

4106 Homer St, Los Angeles, CA 90031

Sale: $905,000

5/27/20250.82 mi

Area:1,294 sqft
Price/sqft:$699
Beds:3
Baths:2
Year Built:
Weight:18.9%
2837 Sierra St, Los Angeles, CA 90031

2837 Sierra St, Los Angeles, CA 90031

Sale: $1,010,500

12/19/20240.77 mi

Area:1,364 sqft
Price/sqft:$741
Beds:3
Baths:2
Year Built:
Weight:18.3%

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