
Los Angeles, California 90032
This property presents a High-Potential Investment Opportunity with a List Price of $675,000—positioned well below the $647,131 Fair Market Value by -4%. While the home requires a full-scale rehab due to its Condition Rating of 5, the 5,747 square foot lot offers significant development potential for an ADU. Located in the desirable El Sereno area, this Single Family Residence provides a strategic entry point for Buy-and-Hold Investors or Contractors seeking to capture value through renovation and expansion in a high-demand Los Angeles market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4466 Gateside Subject 2 bd · 1 ba · 1,024 sqft · $632 | $675,000* List Price | 2 | 1 | 1,024 | $632 | - |
A 1833 Jones Sold 2 bd · 2 ba · 1,033 sqft · $716 · 0.3 mi | $739,500 | 2 | 2 | 1,033 | $716 | 0.3 mi |
B 2611 Lombardy Sold 2 bd · 1 ba · 1,118 sqft · $671 · 0.9 mi | $750,000 | 2 | 1 | 1,118 | $671 | 0.9 mi |
C 2477 Richelieu Avenue Sold 3 bd · 1 ba · 1,297 sqft · $574 · 0.6 mi | $745,000 | 3 | 1 | 1,297 | $574 | 0.6 mi |
D 4828 Zella Place Sold 3 bd · 1 ba · 1,056 sqft · $710 · 0.5 mi | $750,000 | 3 | 1 | 1,056 | $710 | 0.5 mi |
E 4855 Klamath Sold 3 bd · 2 ba · 1,400 sqft · $538 · 0.8 mi | $753,000 | 3 | 2 | 1,400 | $538 | 0.8 mi |
F 4317 Multnomah Street Active 2 bd · 1 ba · 954 sqft · $812 · 0.2 mi | $775,000 List Price | 2 | 1 | 954 | $812 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1942 with no evidence of modern renovations. The interior shows significant wear including heavily stained/damaged carpeting, visible wall cracks, and an original-style kitchen with worn linoleum flooring. Systems appear dated, featuring old wall heaters rather than modern HVAC, necessitating a full-scale rehab.
Listed at $675,000, this property represents a rare entry-level price point for a single-family residence in the Los Angeles market, offering significant upside for first-time buyers or investors.
The 5,747 square foot lot provides a generous outdoor area with ample room for potential home expansion or the addition of an Accessory Dwelling Unit (ADU) to increase rental income.
Situated in the 90032 zip code, the property is located in a high-demand area known for its proximity to Downtown Los Angeles, Alhambra, and major commuter corridors.
The requirement for court approval suggests a potentially lengthy and complicated closing process, which may involve overbid procedures and extended escrow timelines.
With only two bedrooms and one bathroom in a 1,024 square foot layout, the home's small footprint may limit its appeal to larger families or buyers seeking modern spaciousness.
Subject to court approval
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 | 1,024 | 1,670.836 |
| Lot Size | 5,747 | 6,152.156 |
| Price | $675.0K | $1.34M |
| Price per sq ft | $659 | $807 |
| Built year | 1942 | 1941 |
| HOA | $0 | $238 |
| Days on market | 4 | 56 |
Nov 5, 2026
$675,000
Initial Listing