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2829 Waverly Dr, Los Angeles, CA 90039
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2829 Waverly Dr Los Angeles, CA 90039

$5,500,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$5,500,000 Get Pre-Qualified
Map preview of 2829 Waverly Dr, Los Angeles, CA 90039

Property Overview: 2829 Waverly Dr Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 42,793 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are proud to exclusively present for sale a Ready-to-Issue 13 Small Lot Subdivision Development Project in prime Silver Lake, sandwiched between the Silver Lake Reservoir and the massive Griffith Park. The proposed project is situated on a rare 42,793 SF lot on a knoll providing for some promising views. The SLO Project features a popular mix of five spacious 3 bedroom homes and eight 2 bedroom homes, each with their own garage, private decks and patios. The expansive lot will house ample parking, consisting of 13 two-car garages and 9 open air parking spaces. Located within a block from neighborhood retail and near the shopping on Glendale Blvd. and Hyperion Ave., just over the 5 freeway from Atwater Village, an easy walk to the Silver Lake Reservoir, steps to the bicycle path on the LA River, fine and casual dining all around, Whole Foods and Trader Joe's down the road, nightlife and anything a future owner or tenant would want or need, this location and the beautifully designed Project will be the talk of the town!

Listed by Jordan Petito | BRE #02023714 | Keller Williams Beverly Hills
Co-listed by Dario Svidler | BRE #01884474 | Keller Williams Beverly Hills
Last checked: 13 minutes ago | Last updated: April 15th, 2024 | Source CRMLS | DOM: 67
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Home details

Lot Sq. Ft
42,793
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
24358885
City
Los Angeles
County
Los Angeles
Time on Site
58 days

Open Houses for 2829 Waverly Dr

No upcoming open houses

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Property Details for 2829 Waverly Dr

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Parcel Number: 5434025085
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North end of Silver Lake, just south of Atwater village. At intersection of Glendale Blvd. and Waverly Dr.
View more facts & features

Local Los Angeles Agent

Sale History for 2829 Waverly Dr

Last sold for $1,200,000 on October 19th, 2009

  • February, 2024

  • Feb 15, 2024

    Date

    Active

    CRMLS: 24358885

    $5,500,000

    Price

  • July, 2021

  • Jul 19, 2021

    Date

    Active

    CRMLS: 21762684

    $4,000,000

    Price

  • Listing provided courtesy of CRMLS

    We are proud to present 2829 Waverly Drive, an entitled small lot development opportunity located in Silver Lake, California, one of Los Angeles' most sought after neighborhoods. The site sits on 43,290 square feet of land, zoned RD1.5-1XL-RIO and is fully entitled for 13 luxury small lot homes. The lot currently contains a 4-unit and 2 attached single-family buildings for a total of 6 units. Plans call for an attractive mix of 2 and 3 bedroom homes, ample parking and large private terraces. Unit sizes range from 1,389 to 2,027 square feet and are designed by award-winning architectural firm KTGY. This project offers a distinctive opportunity for a developer to set the standard for new homes in Silver Lake and realize premium returns on exit. The offering is ideally situated along a quiet hilltop street in one of the best pockets of Silver Lake. The lot is located just north of the Silver Lake Reservoir and walking distance from Rowena Avenue and Hyperion Avenue, which are home to some of Silver Lakes most popular shops, restaurants, bars and nightlife. Just a short block away is the highly prized Ivanhoe Elementary School, one of the top rated elementary schools in California. The area boasts impressive demographics, with an approximate average household income of $125,000 within a 1 mile radius. Silver Lake is a short 3 miles from Downtown Los Angeles along the iconic Sunset Boulevard and is well known as a mecca for artists, hipsters, writers, foodies, musicians, actors, activists and entrepreneurs. Residents are extremely diverse with a unique mix of creatives, celebrities, professionals and families. Its close proximity to Downtown LA exposes residents to the world class shopping, dining, entertainment and nightlife very close by. This represents the rare opportunity to acquire nearly a full acre development site, entitled to build 13 homes.

  • July, 2021

  • Jul 1, 2021

    Date

    Expired

    CRMLS: 21697582

    $4,000,000

    Price

  • Jun 23, 2021

    Date

    Withdrawn

    CRMLS: 21697582

    $4,000,000

    Price

  • Jun 8, 2021

    Date

    Price Change

    CRMLS: 21697582

    $4,000,000

    Price

  • Feb 25, 2021

    Date

    Active

    CRMLS: 21697582

    $4,500,000

    Price

  • Listing provided courtesy of CRMLS

    IMPROVED PRICE!!! ******* ENTITLED 13 UNIT SMALL LOT SUB-DIVISION DEVELOPMENT OPPORTUNITY IN SUPER DESIRABLE SUBMARKET SILVERLAKE / ECHO PARK !! or Buyer may choose to build a 28 unit apartment (to be verified with city). Currently, there are 2 SFR's and a 4 unit apartment that generate a monthly income of appx. $10,000. DEVELOPMENT HIGHLIGHTS - plans are ready to be submitted, featuring 13 subdivided single family homes with a mix of (6) 3 bed 3.5 bath and (7) 2 bed 2.5 bath residences ranging from 1,389 sf/ft to 2,027 sf/ft with 5 various floor plans beautifully designed by a reputable architectural firm KTGY. Tentative track map that depicts the new lot lines including Survey, Information, Dedications, Notes, etc. Buyer may continue the building and safety process as the track map.

  • January, 2020

  • Jan 2, 2020

    Date

    Expired

    CRMLS: 19464270

    $4,900,000

    Price

  • Jul 24, 2019

    Date

    Price Change

    CRMLS: 19464270

    $4,900,000

    Price

  • May 8, 2019

    Date

    Active

    CRMLS: 19464270

    $5,500,000

    Price

  • Listing provided courtesy of CRMLS

    Amazing opportunity to acquire an almost full acre development site, entitled to build 13 homes. Plans are developed and ready to be submitted, featuring 13 separate and subdivided single-family-residences with a mix of six 3-bedroom/3.5 bathroom houses and seven 2-bedroom/2.5 bathroom homes ranging from 1,389 square feet to 2,027 sf, with five various floor plans. The property is beautifully and efficiently designed by international architectural firm, KTGY. Located in the rapidly gentrifying Silverlake and very close to the amazing and highly coveted Ivanhoe School, the lot currently has a 4-unit building, and 2 attached single-family buildings on it for a total of 6 units.

  • October, 2009

  • Oct 19, 2009

    Date

    Sold (Public Records)

    Public Records

    $1,200,000

    Price

  • September, 2006

  • Sep 15, 2006

    Date

    Sold (Public Records)

    Public Records

    $1,025,000

    Price

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Tax History for 2829 Waverly Dr

Assessed Value (2020): $1,416,343
Year Land Value Improved Value Assessed Value
2020 $1,180,290 $236,053 $1,416,343

Home Value Compared to the Market

This property vs the competition

2829 Waverly Dr is listed 340.35% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000.

About 2829 Waverly Dr

Detailed summary of property

2829 Waverly Dr is a land located in Los Angeles, CA 90039 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 42,793 square foot lot. 2829 Waverly Dr was first listed on ArdentRealEstateGroup.com on February 27, 2024. The homeowner is currently asking $5,500,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 340.35% higher than the median priced home. Local competing homes currently for sale include 1633 Blue Jay Way, 7311 S Figueroa St and 453 Dalehurst Ave. While the average home in Los Angeles, CA is selling in 97 days, 2829 Waverly Dr has a days on market of 67 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 2829 Waverly Dr Los Angeles, CA 90039 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2829 Waverly Dr

Public county record property details
Beds
5
Baths
5
Year built
1948
Sq. Ft.
5,089
Lot Size
43,290
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
32-35
APN
5434-025-085

The source for these homes facts are from public records.

90039 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,595,000
Median List Price/Sq.Ft.
$964
Median Sold Price
$1,550,000
Median Sold Price/Sq.Ft.
$1,057
Total Inventory
45
Median Sale to List Price %
111.59%
Avg Days on Market
37
Loan Type
Conventional (30.77%), FHA (0%), VA (7.69%), Cash (15.38%), Other (15.38%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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