3340 N Eastern, Los Angeles, California 90032, Los Angeles, 90032 - 3 bed, 2 bath
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Los Angeles, California 90032
This property presents a High-Potential Investment Opportunity with a List Price of $825,000—positioned well above the $679,235 Fair Market Value by 21%. While the property requires significant capital expenditure due to its Condition Rating of 5, the Commercial/Residential Zoning provides unique flexibility for developers. The 1922 structure offers a blank canvas for a full interior rehab, making it a strategic acquisition for Fix-and-Flip Investors or Developers seeking to capitalize on the evolving El Sereno market through value-add renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3340 N Eastern Subject | $825,000* List Price | 3 | 2 | 1,216 | $559 | - |
A 5436 5436 Norwich Sold | $850,000 | 3 | 2 | 1,370 | $620 | 0.8 mi |
B 3300 Thelma Avenue Sold | $660,000 | 2 | 1 | 960 | $688 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1922 with no evidence of recent renovations, this property shows significant age-related dating. Interior images reveal 1970s-style wood paneling, acoustic tile ceilings, and outdated wall heaters rather than central HVAC. The listing's emphasis on 'potential' and 'investors/developers' confirms the home requires a full interior rehab and system upgrades.
The property is situated in a commercial/residential zoning area, offering unique flexibility for business use, residential living, or mixed-use development.
Located in the rapidly evolving El Sereno neighborhood, the property offers excellent proximity to Downtown Los Angeles, major freeways, and local amenities.
With its 1922 character and flexible zoning, the home presents a significant value-add opportunity for renovation, expansion, or income-generating projects.
Built in 1922, the property likely requires extensive modernization of its structural and mechanical systems to meet contemporary standards.
The 3,482 sq. ft. lot is relatively small, which may limit the scope of physical expansion or large-scale commercial development.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,216 | 1,248 | 42% |
| Lot Size | 3,482 | 5,420 | 7% |
| Price | $825.0K | $867.5K | 45% |
| Price per sq ft | $678 | $684 | 48% |
| Built year | 1922 | 1940 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 135 | 1% |
May 11, 2026
$825,000
Initial Listing