2357 N Indiana Avenue, Los Angeles, California 90032, Los Angeles, 90032 - 3 bed, 1 bath
2357 N Indiana Avenue
Los Angeles, California 90032
Property Price
SUMMARY
Analysis of 2357 N Indiana Avenue, Los Angeles, California 90032 is currently available with a list price of $1,400,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property was built in 1951 (73 years ago) and shows no evidence of major renovations in the past 50 years. The exterior is severely dated, neglected, and cluttered, indicating significant deferred maintenance. The listing description and property analysis explicitly suggest the existing house 'may require extensive renovations or could be considered a tear-down,' with the primary value being in the land's development potential. Without interior photos, it's highly probable the kitchen and bathroom are original or very old and in unlivable condition.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 51689, living area = 1048.
- Significant Land Portfolio
The property comprises 4.49 acres across three adjacent parcels, with two being vacant land, offering substantial space for development or expansion in a desirable Los Angeles location.
- Development Potential
Located in El Sereno, an area with ongoing and entitled Small Lot Ordinance (SLO) projects, this property presents significant development opportunities, especially with its multiple parcels.
CONSRISKS & DEFICIENCIES
- Extensive Due Diligence Required
The description explicitly states that buyers must complete their own due diligence, indicating that the significant development potential is not fully entitled and requires substantial investment in time and resources for permits and feasibility studies.
- Age and Condition of Existing House
Built in 1951, the 1048 sqft residence is likely dated and may require extensive renovations or could be considered a tear-down, adding considerable cost to any development or modernization plans.
- Lot Size Discrepancy
There is a significant discrepancy between the stated '4.49 acres' in the description and the 'lot_size' field (51689 sqft, approximately 1.18 acres), which requires immediate clarification and could impact development feasibility and perceived value.
About 2357 N Indiana Avenue
We are pleased offer a property with 4.49 acres of land in El Sereno adjacent to Ascot Hills Park. This portfolio features three adjacent parcels, two are vacant land and a house is situated in the third. The property has views of Downtown Los Angeles and the ocean. You can watch the sunset from these parcels of land and create something. El Sereno currently has a number of new SLO projects, in process or fully entitled. Nearby there is a 36 home small lot subdivision that is now fully entitled, on the other side of Ascot Park there is a second Small Lot subdivision on Eastern that is in process. Buyer would need to confirm and complete their own due diligence.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 51,689 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 34% |
| Square foot | 1,048 | 1,232 | 30% |
| Lot Size | 51,689 | 5,386 | 99% |
| Price | $1.40M | $858.0K | 95% |
| Price per sq ft | $1.3K | $674 | 99% |
| Built year | 1951 | 1941 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 3339 | 180 | 0% |
Pricing History
Sold
Oct 24, 2000
$170,000
Public Record