6502 4th, Los Angeles, CA 90043
6502 4th, Los Angeles, CA 90043
Property Description
A compelling land and redevelopment play on a corner lot in the Park Mesa Heights neighborhood of Los Angeles. The existing 2,463 square foot structure is a fixer-upper with potential for redevelopment., which permits a broad range of commercial and residential uses. The assessor reflects a prior institutional use designation, adding an interesting dimension for buyers exploring adaptive reuse, ground-up commercial development, or mixed-use projects. Buyer to independently verify all zoning allowances, permitted uses, and development potential with the City of Los Angeles. The 8,035 square foot corner lot offers excellent visibility and accessibility, situated near Van Ness Recreation Center, Chesterfield Square Park, and everyday retail along nearby commercial corridors. The location provides convenient access to the 10 and 405 freeways, Inglewood, and the broader South LA market; an area that has seen meaningful investor interest in recent years.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Los Angeles · Single Family Residence
Listed 76.8% below the median closed sale of $2,000,000. Price per sqft ($189) is a 77% discount to closed comps ($824). Closed comps sold at 103% of list — strong seller's market.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 3987 Halldale Avenue | Los Angeles | 1910 | 5 | 4 | 2,496 | 6,648 | $360 | $898,999 | 179 | 78 |
| 2135 Prosser Avenue | Los Angeles | 1938 | 4 | 4 | 2,561 | 6,071 | $1,249 | $3.20M | 751 | 76 |
| 742 Schumacher Drive | Los Angeles | 1928 | 4 | 3 | 2,674 | 12,973 | $1,122 | $3.00M | 311 | 76 |
| 107 Gardner Street | Los Angeles | 1935 | 3 | 3 | 2,163 | 5,986 | $1,318 | $2.85M | 566 | 75 |
| 1801 43rd Street | Los Angeles | 1913 | 7 | 4 | 2,200 | 6,253 | $682 | $1.50M | 163 | 74 |
| Total: 5 · Average | 4.6 | 3.6 | 2,418.8 | 7,586.2 | $946.2 | $2.29M | 394 | |||
| Median | 2,496 | $2.85M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4020 Wall Street | Los Angeles | 1939 | 10/02/2026 | 6 | 5 | 2,339 | 5,702 | $899,999 | $940,000 | $402 | 1.04 | 138 | 95 |
| 2518 Canyon Drive | Los Angeles | 1937 | 10/05/2026 | 3 | 3 | 2,395 | 8,928 | $2.50M | $2.42M | $1,010 | 0.97 | 108 | 93 |
| 8041 Gonzaga Avenue | Los Angeles | 1947 | 10/09/2026 | 5 | 2 | 2,475 | 7,502 | $2.00M | $2.00M | $808 | 1.00 | 0 | 93 |
| 10346 Ilona Avenue | Los Angeles | 1937 | 09/30/2026 | 4 | 4 | 2,407 | 6,523 | $2.50M | $2.81M | $1,166 | 1.12 | 41 | 92 |
| 2030 Benedict Canyon Drive | Los Angeles | 1940 | 10/06/2026 | 3 | 2 | 2,302 | 5,419 | $1.70M | $1.70M | $736 | 1.00 | 73 | 91 |
| Total: 5 · Average | 4.2 | 3.2 | 2,383.6 | 6,814.8 | $1.97M | $1.97M | $824.4 | — | 72 | ||||
| Median | 2,395 | $2.00M | $2.00M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.