3340 N Eastern, Los Angeles, California 90032, Los Angeles, 90032 - 3 bed, 2 bath
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3340 N Eastern
Los Angeles, California 90032
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,216Sq Ft
3,482Lot Size
Property Price
LIST PRICE$795,000
EST. MARKET VALUE
$735,527
8% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $795,000—positioned well above the $735,528 Fair Market Value by -8%. Featuring a Condition Rating of 5, the residence requires comprehensive rehabilitation to modernize its aging infrastructure. The Commercial/Residential Zoning provides significant flexibility for developers or investors to maximize the 3,482 sq. ft. lot. Given the extended market time, this asset is best suited for Buy-and-Hold Investors or Developers capable of executing a strategic value-add renovation in this evolving El Sereno neighborhood.
Estimated Market Value
$735,527
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3340 N Eastern Subject | $795,000* List Price | 3 | 2 | 1,216 | $605 | - |
A 3655 Castalia Avenue Sold | $567,000 | 2 | 1 | 740 | $766 | 0.2 mi |
B 5436 5436 Norwich Sold | $850,000 | 3 | 2 | 1,370 | $620 | 0.8 mi |
C 3300 Thelma Avenue Sold | $660,000 | 2 | 1 | 960 | $688 | 0.1 mi |
D 2611 Lombardy Active | $810,000 List Price | 2 | 1 | 1,118 | $725 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
This 1922 structure shows significant age with no recent renovations. The interior features highly dated mid-century blue/pink bathroom tile, wood-paneled walls, and acoustic ceiling tiles. Systems appear obsolete, evidenced by the old wall heater and aged electrical panel, indicating the property requires a comprehensive rehabilitation.
PROSSTRENGTHS & OPPORTUNITIES
- Mixed-Use Zoning Potential
The property is situated in a commercial/residential zoning area, offering unique flexibility for investors or business owners to create income-producing opportunities or a live-work space.
- Strategic Location
Located in the evolving El Sereno neighborhood, the home provides convenient access to Downtown Los Angeles, major freeways, and local amenities, ensuring strong long-term desirability.
- Value-Add Opportunity
With its 1922 character and 1,216 sq. ft. layout, the residence presents a significant opportunity for renovation or expansion to maximize the property's equity and utility.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1922, the property likely requires substantial modernization and capital investment to address potential deferred maintenance and meet contemporary building standards.
- Extended Market Time
Having spent over 100 days on the market with a recent price reduction, the property may face challenges regarding its perceived value relative to its current condition and lot size.
About 3340 N Eastern
PRICE IMPROVEMENT!!!!!! Discover the potential of this charming 1922 residence located in the highly desirable El Sereno neighborhood of Los Angeles. Situated on a 3,482 sq. ft. lot, this 3-bedroom, 2-bathroom home offers approximately 1,216 sq. ft. of living space and presents an exceptional opportunity for homeowners, investors, or developers alike. Positioned in a commercial/residential zoning area, this property offers a variety of possibilities and future potential. Whether you are looking to renovate, expand, create an income-producing opportunity, or customize a home to your vision, the possibilities are abundant. Conveniently located near major freeways, shopping, dining, and Downtown Los Angeles, this property combines location, character, and opportunity in one unique offering. A rare chance to own in one of Northeast LA’s evolving communities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1922
- Lot Size
- 3,482 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,216 | 1,664.159 |
| Lot Size | 3,482 | 6,066.556 |
| Price | $795.0K | $1.35M |
| Price per sq ft | $654 | $806 |
| Built year | 1922 | 1939 |
| HOA | $0 | $278 |
| Days on market | 121 | 55 |
Pricing History
Listed for Sale
Jun 27, 2026
$795,000
$825,000
-4% Price Drop
Initial Listing
Price Change
May 11, 2026
$825,000
Initial Listing