
Los Angeles, California 90032
This property presents a High-Potential Investment Opportunity with a List Price of $495,000—positioned well below the $508,304 Fair Market Value by 2%. This valuation gap offers $13,304 in Instant Equity for buyers prepared to manage a project with a Condition Rating of 5. Featuring City Lights views and a central location, this asset requires a full rehab and is sold with occupants in place. It is an ideal acquisition for Buy-and-Hold Investors or Cash Buyers seeking a value-add project.
Property is extensive renovation needed.
Property was built in 1925 with no updates noted. It is sold as-is, occupied, drive-by only, and explicitly states it does not qualify for traditional financing, indicating severe deferred maintenance, safety, or structural defects requiring a complete rehab.
Situated in the heart of Los Angeles, this property offers exceptional walkability to local shopping, public transportation, and immediate access to major highways.
Priced competitively at $495,000, this property serves as an ideal entry-level opportunity for investors looking to capitalize on the El Sereno market.
The property features city light views, a sought-after amenity that enhances the long-term value and aesthetic appeal of the location.
The home is sold with occupants in place and is restricted to drive-by viewings only, presenting significant risks regarding interior condition and possession.
The property does not qualify for traditional financing and is sold in 'as-is' condition, limiting the buyer pool to cash investors or those with specialized funding.
This property ids being sold in its present condition with no warranties expressed or implied.Drive-by first.The home is centrally located in the heart of Los Angeles withing walking distance to shopping,transportation, and major highways.Property will not qualify for traditional financing.Investors welcome.
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 | 886 | 1,670.836 |
| Lot Size | 2,608 | 6,152.156 |
| Price | $495.0K | $1.34M |
| Price per sq ft | $559 | $807 |
| Built year | 1925 | 1941 |
| HOA | $0 | $238 |
| Days on market | 48 | 56 |
Sep 22, 2026
$495,000
Initial Listing
Mar 23, 2005
$240,000
Public Record