1026 N Eastman, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath

1026 N Eastman, Los Angeles, California 90063 home-pic-0
ACTIVE$84,999
1026 N Eastman, Los Angeles, California 90063
0Bed
0Bath
Sqft
1,232Lot
Year Built
Close
-
List price
$85K
Original List price
$115K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
25525965
Home ConditionTear down
Features
Excellent View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $85.0K(2th), sqft - 0(2th), beds - undefined(4th), baths - undefined(4th).

An exceptional opportunity awaits to build your dream home or a lucrative spec project on three continuous lots! Located in the burgeoning City Terrace of Los Angeles, these attached properties offer potential panoramic views of Downtown, the cityscape, and the iconic skyline, perfectly situated within the thriving East Los Angeles market. City Terrace is rapidly becoming a sought-after residential area, prized for its irreplaceable Downtown views and stunning hillside settings. The neighborhood is transforming, attracting young professionals and families. A small structure is currently on one of the lots, which will be removed prior to the close of escrow. All essential utilitieswater, sewer, and electricityare readily available on the street, ensuring a smooth and hassle-free construction process. Three APN's are being sold together: 5230-011-004, 5230-011-005, 5230-011-006. With convenient freeway access and proximity to Downtown Los Angeles employment hubs, California State University-Los Angeles, and USC Keck Medical Center, this location is ideal. The area's ongoing revitalization promises strong investment potential and rapid value appreciation. Don't miss this rare chance to own property in a vibrant, up-and-coming neighborhood! No Sign on property. Hillside.

Price History

Date
Event
Price
08/15/25
Price Change
$84,999-5.6%
08/07/25
Price Change
$89,999
04/22/25
Listing
$114,999
Condition Rating
Tear down

The MLS listing explicitly states that the property is being sold for development on three continuous lots, and a 'small structure' currently on one of the lots 'will be removed prior to the close of escrow.' This indicates that the existing structure is not intended for habitation and its value is negligible, with the property's value derived solely from the land and its redevelopment potential. The provided images are aerial views of the land, not interior shots of any dwelling, confirming there is no habitable structure to assess for condition, kitchen, or bathroom features. This perfectly aligns with the 'tear-down' criteria, where the structure is beyond repair and the property's value is based solely on the land.
Pros & Cons

Pros

Development Opportunity: Exceptional opportunity to build a dream home or lucrative spec project on three continuous lots, offering significant development potential in a transforming area.
Panoramic Views: Offers potential panoramic views of Downtown Los Angeles, the cityscape, and the iconic skyline, providing an irreplaceable aesthetic value.
Emerging Neighborhood: Located in the burgeoning City Terrace, a rapidly transforming and sought-after residential area attracting young professionals and families, indicating strong growth.
Investment Potential: The area's ongoing revitalization and strategic location promise strong investment potential and rapid value appreciation.
Utilities & Accessibility: Essential utilities (water, sewer, electricity) are readily available on the street, coupled with convenient freeway access and proximity to major employment hubs and universities.

Cons

Ambiguous/Small Lot Size: The stated lot size of 1232 (presumably square feet) for three continuous lots is extremely small, which could significantly limit the scope and feasibility of building a 'dream home' or 'spec project' as described, requiring further clarification or indicating a challenging build.
Hillside Construction Challenges: The property is noted as 'Hillside,' implying potential complexities and increased costs associated with grading, foundation work, and retaining walls for any new construction.
Conditional View Guarantee: The description states 'potential panoramic views,' suggesting that the full extent of the views may not be guaranteed without specific building design or site preparation, and could be subject to future obstructions.

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