
Los Angeles, California 90032
This property presents a High-Potential Investment Opportunity with a List Price of $1,000,000—positioned above the $814,659 Fair Market Value. While the current valuation reflects a premium, the 22,589 square foot double lot provides significant development upside in the desirable Newton Park pocket. With a Condition Rating of 6, the existing structure is a tear-down, offering a blank canvas for custom construction or ADU integration. This is a strategic acquisition for Real Estate Developers or Custom Home Builders seeking expansive land in a prime Los Angeles location.
Property is land value only, full reconstruction required.
Built in 1950 with no evidence of renovation, the property is explicitly marketed for land value only. Interior images show a severely dated and neglected bathroom, while the exterior and grounds show significant debris and a dilapidated structure, meeting the criteria for an unlivable tear-down.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22589, living area = 1494.
The property consists of two parcels totaling approximately 22,589 square feet, offering a rare and significant amount of land for the El Sereno area.
With its large footprint and 'land value' designation, the site provides an exceptional canvas for builders to create a custom luxury estate or a primary residence with a detached ADU.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =22589, other record lot size in square feet = 15083.
The property is being sold for land value only in its present condition, implying the existing 1950s structure likely requires a complete teardown or a total gut renovation.
A $1,000,000 list price for land value represents a high initial investment for builders before accounting for the significant costs of demolition and new construction.
Calling all investors, visionaries, builders, and anyone looking to build their dream home! Nestled in the desirable Newton Park pocket of El Sereno, just north of Huntington Drive, this unique offering features two parcels totaling approximately 22,589 square feet, offering a rare opportunity to own an expansive piece of land in a highly desirable neighborhood. Surrounded by mature trees and lush greenery, the property offers a peaceful, secluded setting with a natural sense of privacy, all while being conveniently located near South Pasadena, Montecito Heights, Alhambra, and Downtown Los Angeles, with easy access to the vibrant communities of Northeast Los Angeles and the San Gabriel Valley. An existing 2 bedroom, 1¾ bath residence provides an opportunity for renovation or redevelopment, while the expansive lot offers exciting possibilities for a custom built dream home and potential ADU. Whether you’re looking for your next investment project or the perfect setting to create a private retreat, this property offers a exceptional canvas of space and potential in a highly desirable neighborhood. The property is being sold for land value only, in its present AS IS condition.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,494 | 1,670.836 |
| Lot Size | 22,589 | 6,152.156 |
| Price | $1.00M | $1.34M |
| Price per sq ft | $669 | $807 |
| Built year | 1950 | 1941 |
| HOA | $0 | $238 |
| Days on market | 19 | 56 |
Oct 21, 2026
$1,000,000
Initial Listing