
Los Angeles, California 90032
This property presents a High-Potential Investment Opportunity with a List Price of $650,000—positioned above the $625,507 Fair Market Value. While the current structure requires significant updates, the 7,606 sq. ft. lot offers exceptional ADU development potential and expansion capabilities. With a Fair Condition Rating, this asset is best suited for those looking to capitalize on land value and zoning flexibility in a trending El Sereno location. This is a strategic acquisition ideal for Fix-and-Flip Investors or Builders seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5025 Budau Place Subject | $650,000* List Price | 2 | 1 | 777 | $805 | - |
A 3300 Thelma Avenue Sold | $660,000 | 2 | 1 | 960 | $688 | 0.5 mi |
B 4860 Edison Street Active | $685,000 List Price | 2 | 1 | 784 | $874 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1946 (78 years old) with no mentioned renovations, meeting the >50 year criteria for land-value focus. The listing explicitly targets investors and builders, emphasizing development potential and ADU possibilities over the current condition of the 777 sqft structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7606, living area = 777.
The oversized 7,606 sq. ft. lot and detached garage offer exceptional potential for an ADU or property expansion, providing a high-value opportunity for investors and builders.
Situated in a desirable and trending neighborhood, the property boasts excellent accessibility to major freeways, shopping, and the broader Los Angeles area.
At only 777 sq. ft., the current living space is quite small for a two-bedroom home, likely necessitating an addition to meet modern residential needs.
Built in 1946 and marketed as a project for buyers with vision, the property will require significant capital investment to update its systems and finishes.
**El Sereno Opportunity with ADU Potential & Spacious Lot** Unlock the potential of this 2-bedroom, 1-bath home located in a desirable area of El Sereno, Los Angeles. Situated on an approximately 7,606 sq. ft. lot, this property offers a unique opportunity for buyers looking to renovate, expand, or explore future development possibilities. The existing 777 sq. ft. home provides a solid starting point for a buyer with vision, while the generously sized lot and detached garage add valuable flexibility. The property features a long driveway providing ample off-street parking and access to a detached garage. The expansive lot may offer excellent potential for an ADU or other permitted improvements, making this an attractive opportunity for investors, builders, or buyers looking to create additional living space. Buyer to independently verify all development possibilities, zoning, permits, and requirements with the City of Los Angeles. This home is ready for someone to bring their vision and updates to maximize its potential. El Sereno continues to attract attention for its location, accessibility, neighborhood character, and proximity to many of Los Angeles' most desirable areas. Conveniently located near major freeways, shopping, dining, schools, and surrounding communities. Whether you're an investor seeking your next project, a builder looking for a property with development potential, or a buyer looking to create a home tailored to your needs, this property offers plenty of possibilities. **A great opportunity to invest in El Sereno and capitalize on the potential of both the home and the land.**
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 | 777 | 1,664.159 |
| Lot Size | 7,606 | 6,066.556 |
| Price | $650.0K | $1.35M |
| Price per sq ft | $837 | $806 |
| Built year | 1946 | 1939 |
| HOA | $0 | $278 |
| Days on market | 16 | 55 |
Aug 24, 2026
$650,000
Initial Listing