
Los Angeles, California 90032
This property presents a High-Potential Investment Opportunity with a List Price of $960,000—positioned well above the $820,006 Fair Market Value by 17%. While the property requires modernization due to its Condition Rating of 4, the Detached Garage with Rear Access offers significant ADU Development Potential for rental income. Its central location near USC Keck Medical Center and Downtown LA ensures strong long-term demand. This asset is best suited for Buy-and-Hold Investors or Contractors capable of executing value-add renovations to maximize the property's inherent potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2611 Lombardy Subject | $750,000* List Price | 2 | 1 | 1,118 | $663 | - |
A 2477 Richelieu Avenue Sold | $745,000 | 3 | 1 | 1,297 | $574 | 0.4 mi |
B 4614 Abner Sold | $930,000 | 3 | 2 | 1,215 | $765 | 1.0 mi |
C 3300 Thelma Avenue Sold | $660,000 | 2 | 1 | 960 | $688 | 0.5 mi |
D 5436 5436 Norwich Sold | $850,000 | 3 | 2 | 1,370 | $620 | 0.9 mi |
E 4855 Klamath Sold | $753,000 | 3 | 2 | 1,400 | $538 | 0.1 mi |
F 4828 Zella Place Sold | $750,000 | 3 | 1 | 1,056 | $710 | 0.6 mi |
G 4519 Zane Sold | $700,000 | 2 | 1 | 864 | $810 | 0.7 mi |
H 4850 O Sullivan Active | $800,000 List Price | 4 | 3 | 1,193 | $671 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1939, the property shows signs of partial aging and dated renovations. While the living area has been updated with laminate flooring and recessed lighting, the kitchen features cabinetry and flooring likely dating back 20-25 years, along with mismatched appliances. The overall condition is functional but requires modernization to meet current standards.
The detached garage with rear street access provides a prime opportunity for an Accessory Dwelling Unit (ADU), offering significant value-add for rental income or multigenerational living.
Situated in a quiet El Sereno pocket, the property offers exceptional proximity to major employment and cultural hubs including Downtown LA, USC Keck Medical Center, and Pasadena.
The home features an open, light-filled floor plan that maximizes its square footage, creating a peaceful and welcoming atmosphere that appeals to modern buyers.
With only one bathroom for a two-bedroom home, the configuration may be a drawback for families or buyers seeking a more modern primary suite arrangement.
Built in 1939, the property may require significant capital investment for system upgrades or modernizations to justify the near-million dollar price point.
Huge Price Reduction — Seller is Motivated! Warm, inviting, and full of potential, this charming 2-bedroom, 1-bath home offers 1,118 sq ft of comfortable living space with an open, welcoming layout. Natural light fills every room, creating a peaceful setting perfect for relaxing or gathering with loved ones. The detached rear-access garage adds privacy and convenience — and provides an excellent foundation for a future ADU, ideal for added income, guest space, or multigenerational living. Located in a quiet hillside pocket of El Sereno near Downtown LA, Pasadena, Cal State LA, USC Keck, South Pasadena, and the Arts District, this home offers the perfect blend of calm neighborhood living with quick access to major job centers, dining, culture, and transportation. A cozy home with room to grow — and a motivated seller ready to make a deal.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,118 | 1,664.159 |
| Lot Size | 4,721 | 6,066.556 |
| Price | $750.0K | $1.35M |
| Price per sq ft | $671 | $806 |
| Built year | 1939 | 1939 |
| HOA | $0 | $278 |
| Days on market | 94 | 55 |
Aug 26, 2026
$750,000
$810,000
-7% Price Drop
Initial Listing
Aug 22, 2026
$810,000
$870,000
-7% Price Drop
Initial Listing
Aug 6, 2026
$870,000
$880,000
-1% Price Drop
Initial Listing
Jun 24, 2026
$880,000
$960,000
-8% Price Drop
Initial Listing
Jun 7, 2026
$960,000
Initial Listing
May 31, 2002
$171,000
Public Record