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1531 Taft Ave, Los Angeles, CA 90028

List Price: $899,900On Market FlagOn market
Aug 19, 20251,542 sqft2 beds2 baths
Listed by: Patricia White
License #: 01398993
Phone #: 818-266-5307
Morales Real Estate Group
Source:
CRMLS Logo
MLS #: SR25186623

Property Description

CALLING ALL INVESTORS! Investor/Developer Opportunity in Prime Hollywood Location! Don’t miss this incredible redevelopment opportunity in one of the most sought-after areas of Hollywood. Situated on a prime LAR4-zoned lot, this property offers endless potential for developers looking to build multi-family residences in the heart of Los Angeles. The existing structure is a 1,542 sq. ft. home featuring 2 bedrooms, 2 bathrooms and a 2-car garage. Perfectly positioned between Sunset Blvd and Hollywood Blvd, this property is within walking distance to the Hollywood Walk of Fame, the Netflix building, and an array of shops, dining, and entertainment. Just minutes away from Griffith Park, Los Feliz, Dodger Stadium, and Downtown LA, the location is second to none. This is a rare chance to reimagine a property with tremendous upside in the vibrant heart of Hollywood. Bring your vision—this one won’t last!
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

$8,948

TurboHome Estimated Value

$748,200

$485 sqft

High Valuation
$785,610
$509/sqft
Normal Valuation
$748,200
$485/sqft
Low Valuation
$710,790
$461/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$485/sqft$748,200

Neighborhood: Hollywood

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Comparative Value

$675K

$711K

$900K

$924K

$970K

$1.00M

6250 Hollywood Blvd 4K, Los Angeles, CA 90028

Sale Price: $675,000

Selected Comparable

6250 Hollywood Blvd 7N, Los Angeles, CA 90028

Sale Price: $710,500

Selected Comparable

1531 Taft Ave, Los Angeles, CA 90028

List Price: $899,900

Subject Property

1120 N El Centro Ave 14, Los Angeles, CA 90038

Sale Price: $924,000

Selected Comparable

5637 Cielo Way, Los Angeles, CA 90028

Sale Price: $970,000

Selected Comparable

5636 Observation Ln, Los Angeles, CA 90028

Sale Price: $1,000,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1531 Taft Ave, Los Angeles, CA 90028

1531 Taft Ave, Los Angeles, CA 90028

List: $899,900

Listed: 8/19/2025

Area:1,542 sqft
Price/sqft:$584
Beds:2
Baths:2
Year Built:
Lot Size:2,091

Comparable Properties

COMPARABLE
Choose comps
6250 Hollywood Blvd 7N, Los Angeles, CA 90028

6250 Hollywood Blvd 7N, Los Angeles, CA 90028

Sale: $710,500

4/10/20250.61 mi

Area:1,590 sqft
Price/sqft:$447
Beds:2
Baths:2
Year Built:
Weight:21.9%
6250 Hollywood Blvd 4K, Los Angeles, CA 90028

6250 Hollywood Blvd 4K, Los Angeles, CA 90028

Sale: $675,000

4/10/20250.61 mi

Area:1,480 sqft
Price/sqft:$456
Beds:2
Baths:2
Year Built:
Weight:21.7%
1120 N El Centro Ave 14, Los Angeles, CA 90038

1120 N El Centro Ave 14, Los Angeles, CA 90038

Sale: $924,000

2/19/20250.77 mi

Area:1,320 sqft
Price/sqft:$700
Beds:2
Baths:2
Year Built:
Weight:19.6%
5636 Observation Ln, Los Angeles, CA 90028

5636 Observation Ln, Los Angeles, CA 90028

Sale: $1,000,000

11/14/20240.21 mi

Area:1,394 sqft
Price/sqft:$717
Beds:2
Baths:3
Year Built:
Weight:18.5%
5637 Cielo Way, Los Angeles, CA 90028

5637 Cielo Way, Los Angeles, CA 90028

Sale: $970,000

11/15/20240.24 mi

Area:1,394 sqft
Price/sqft:$696
Beds:2
Baths:3
Year Built:
Weight:18.3%

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