3846 Tampico Avenue, El Sereno, California 90032, El Sereno, 90032 - 3 bed, 1 bath
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El Sereno, California 90032
This property presents a High-Potential Investment Opportunity with a List Price of $769,000—positioned slightly above the $760,709 Fair Market Value. While requiring a full rehab due to its Condition Rating of 5, the LADR3 Zoning and expansive 7,128 sqft lot provide significant upside for multi-unit development or ADU expansion. This asset is a prime candidate for forced appreciation through strategic renovation. Given the location adjacent to South Pasadena, this is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a high-utility development project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3846 Tampico Avenue Subject | $769,000* List Price | 3 | 1 | 1,198 | $635 | - |
A 5377 Oakland Sold | $754,000 | 2 | 1 | 1,253 | $602 | 0.5 mi |
B 4915 Gambier Street Sold | $815,000 | 3 | 2 | 1,421 | $574 | 0.6 mi |
C 2916 Vaquero Sold | $790,000 | 3 | 2 | 1,342 | $589 | 0.8 mi |
D 5013 N Huntington Drive Active | $750,000 List Price | 3 | 1 | 1,172 | $640 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1910 with no mention of recent renovations. The listing explicitly states the property 'needs to be updated' and offers 'sweat equity,' indicating that the kitchen, bathroom, and core systems are likely well beyond their functional lifespan and require a full rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7128, living area = 1198.
The LADR3 zoning combined with a generous 7,128 sqft lot and alley access offers significant opportunities for multi-unit development or the addition of an ADU.
Situated in a highly sought-after pocket of El Sereno adjacent to South Pasadena, the property benefits from a desirable neighborhood and proximity to key amenities.
Built in 1910 and explicitly noted as needing updates, the home likely requires a substantial capital investment to address aging systems and cosmetic finishes.
The current configuration of only one bathroom for a three-bedroom home is a drawback for modern families and may limit the property's immediate rental or resale appeal.
This home is back on the market with court approval. Bring your offers. This a great deal for all. Needs to be updated and please note the LADR3 Zoning. Huge back yard, alley access, close to everything in a very sought after area adjacent to South Pasadena. Step right in to some sweat equity. Don’t wait too long on this great deal.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 30% |
| Square foot | 1,198 | 1,248 | 39% |
| Lot Size | 7,128 | 5,435 | 80% |
| Price | $769.0K | $867.5K | 35% |
| Price per sq ft | $642 | $684 | 41% |
| Built year | 1910 | 1940 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 135 | 1% |
May 14, 2026
$769,000
Initial Listing