
El Sereno, California 90032
Analysis of 3248 Eastern Avenue, El Sereno, California 90032 is currently available with a list price of $750,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the El Sereno Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1962 and held by the same owner for nearly 40 years, the property requires substantial rehabilitation to meet modern standards. The commercial storefronts are in shell condition needing full build-outs, while the residential units feature outdated kitchens, bathrooms, and aging fixtures. The listing explicitly describes the property as a value-add opportunity requiring significant improvements and updating.
The property features a strategic combination of two commercial storefronts and two residential units, offering a diversified income stream and flexibility for various business types.
With two vacant commercial units and a building requiring updates, there is a substantial opportunity to renovate and reposition the asset to capture market-rate rents and increase overall value.
The residential units are sold with tenants in place, providing the investor with immediate rental income while they focus on leasing the commercial spaces.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4096, other record living area = 2096.
The building is noted to require improvements and updating, which will necessitate additional upfront capital investment for repairs and modernization.
The property utilizes a single master water meter, which can complicate utility billing and increase landlord overhead compared to fully sub-metered buildings.
Rare Mixed-Use Investment Opportunity – Approximately 4,000+ Sq Ft Offered for the first time in nearly 40 years, this unique mixed-use commercial and residential property presents an excellent opportunity for investors seeking a value-add asset with strong upside potential. The building consists of four total units, including two vacant commercial storefront units on the ground floor and two occupied residential units located above. The residential units include: • One 2-bedroom / 1-bath unit • One 1-bedroom / 1-bath unit The two commercial units: approximately 1,000 square feet each, providing flexibility for a variety of retail, office, or service-based businesses. Average commercial lease rates in the El Sereno area range from approximately $2.00–$3.00 per square foot, presenting a strong opportunity to establish new leases and increase income. The property is equipped with four separate electrical meters and one master water meter. While the building requires improvements and updating, it offers significant upside for investors looking to reposition the asset and capture higher rents. With a flexible mixed-use layout and strong demand for both residential and neighborhood commercial space, this property represents a compelling investment opportunity. The residential units are currently tenant-occupied, and the property will be sold with tenants in place, making it ideal for investors seeking immediate rental income with long-term growth potential. For additional information, including financials and lease details, please contact the listing agent.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1962 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 11, 2026
$750,000
Initial Listing