5063 Alhambra, Los Angeles, California 90032, Los Angeles, 90032 - 2 bed, 1 bath
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Los Angeles, California 90032
This Value-Add Residential Asset represents a Strong Value Opportunity, with a List Price of $600,000—positioned well below the $639,592 Fair Market Value by 6%. This valuation gap provides $39,592 in Instant Equity. While the property holds a Condition Rating of 4 with vintage infrastructure, its Mixed-Use Zoning and proximity to California State University, Los Angeles offer immense redevelopment potential. Featuring a Peek-A-Boo City View and expansion room, this is a strategic acquisition for Buy-and-Hold Investors or Developers.
Property is moderate renovation needed.
The property, built in 1927, shows signs of partial interior updates including newer laminate flooring, white shaker-style kitchen cabinets, and an updated bathroom vanity. However, the overall infrastructure remains vintage with visible wear on the exterior stucco, dated electrical conduits, and a small 720 sqft footprint. While move-in ready, it lacks a full modern renovation of all major systems and shows significant physical depreciation consistent with a 'fair' rating.
The property features valuable mixed-use zoning, offering a rare opportunity for redevelopment into multi-family units or mixed-use projects in a high-demand Los Angeles submarket.
Situated within walking distance to California State University, Los Angeles, the property is ideally positioned to capture consistent rental demand from students and faculty.
The lot size and zoning provide excellent potential for future expansion, allowing a homeowner to increase the square footage and long-term equity of the residence.
At only 720 square feet, the current interior footprint is quite small, which may limit its appeal to larger families or buyers seeking spacious common areas.
Built in 1927, the property likely requires significant modern updates to its core systems and finishes to meet the expectations of contemporary buyers or renters.
This charming property is ideal for a small family, offering a comfortable living environment in a convenient Los Angeles location within walking distance to California State University, Los Angeles. The spacious lot also provides excellent potential for future expansion, making it a great choice for homeowners looking to grow into the property over time. For investors and developers, the property presents a rare opportunity with valuable mixed-use zoning. It is well-suited for redevelopment into mixed-use or multi-family units, allowing for strong income potential and long-term value appreciation in a high-demand area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 34% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 720 | 1,223 | 8% |
| Lot Size | 2,433 | 5,403 | 5% |
| Price | $600.0K | $862.5K | 10% |
| Price per sq ft | $833 | $698 | 80% |
| Built year | 1927 | 1942 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 177 | 1% |
Apr 6, 2026
$600,000
Initial Listing
Nov 16, 2021
$499,000
Public Record
Feb 22, 2021
$400,000
Public Record