
Los Angeles, California 90032
This property presents a High-Potential Investment Opportunity with a List Price of $549,900—positioned well above the $477,836 Fair Market Value by -15%. Featuring a Condition Rating of 6, the structure is in a state of disrepair, making it a pure land-value play. The 5,531 sqft lot includes city-approved plans for a new home and ADU, offering significant development upside. This is an ideal acquisition for Real Estate Developers or Fix-and-Flip Investors seeking to capitalize on the El Sereno market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4018 Guardia Subject 2 bd · 1 ba · 616 sqft · $731 | $469,000* List Price | 2 | 1 | 616 | $731 | - |
A 5262 Remstoy Drive Sold 2 bd · 1 ba · 840 sqft · $625 · 0.4 mi | $525,000 | 2 | 1 | 840 | $625 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1928 and described as being in a state of disrepair, this property is marketed for its land value with approved plans for a new build. The exterior shows significant neglect, rotting wood, and cracked concrete, meeting the criteria for an unlivable structure over 50 years old.
The property comes with city-approved plans for a new build, significantly reducing the lead time and bureaucratic hurdles typically associated with Los Angeles development projects.
Boasting a generous 5,531 sqft lot with scenic hill views, the site offers a premium canvas for a modern residence in the high-demand El Sereno neighborhood.
Positioned as an investor's dream, the property offers substantial equity upside through redevelopment, catering to the growing market for new construction in the area.
The existing structure is in a state of significant neglect, making it unsuitable for traditional residential financing and requiring immediate demolition or total reconstruction.
With only 616 square feet of living space, the current dwelling provides almost no functional value, serving strictly as a teardown rather than a viable renovation project.
Back on the market! Big price improvement! This property is an Investor's dream. The property is in an advanced state of disrepair. Current owner has applied for permits from the city to build a new 2 story home + ADU on site. Permits still in process. The property has a large lot, and it is located in a very sought-after area of El Sereno. Different plans may also be submitted, as the lot has endless possibilities. Property to be sold As-Is. Contact listing agent for further details.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 616 | 1,670.836 |
| Lot Size | 5,531 | 6,152.156 |
| Price | $469.0K | $1.34M |
| Price per sq ft | $761 | $807 |
| Built year | 1928 | 1941 |
| HOA | $0 | $238 |
| Days on market | 49 | 56 |
Nov 5, 2026
$469,000
$479,000
-2% Price Drop
Initial Listing
Oct 22, 2026
$479,000
$499,000
-4% Price Drop
Initial Listing
Sep 29, 2026
$499,000
$520,000
-4% Price Drop
Initial Listing
Sep 26, 2026
$520,000
$549,900
-5% Price Drop
Initial Listing
Sep 21, 2026
$549,900
Initial Listing
Feb 11, 2025
$459,000
Public Record