
Los Angeles, California 90032
This Distressed Residential Asset is a High-Potential Investment Opportunity listed at $500,000, matching its $500,000 Fair Market Value. Holding a Poor Condition Rating, this "as-is" sale requires non-traditional financing but offers a desirable City Lights View and Patio. Located in the Los Angeles Unified School District near major transit, the property presents a clear path to forced appreciation via rehabilitation. This strategic acquisition is ideal for Cash-Ready Investors or Fix-and-Flip Specialists looking to capitalize on the high-demand El Sereno market.
Property is extensive renovation needed.
This property, built in 1925, is explicitly stated to be sold 'in its present condition, with no warranties' and 'will not qualify for traditional financing.' These statements are strong indicators of significant defects, safety concerns, or structural issues that prevent conventional lending. The 'drive-by only' instruction further suggests the interior is likely in very poor condition or inaccessible. Exterior images show an unkempt yard, an old and possibly damaged roof, and general neglect. Without interior photos, the condition of the kitchen and bathroom cannot be directly assessed, but given the age and the financing restrictions, they are presumed to be severely outdated, in disrepair, and requiring substantial rehabilitation. The property fits the 'poor' criteria, requiring substantial repairs and rehabilitation due to significant defects affecting safety, soundness, or structural integrity.
Centrally located in the heart of Los Angeles, offering excellent access to city amenities and opportunities.
The property boasts high walkability, being within walking distance to shopping, public transportation, and major highways.
Explicitly marketed to investors, this property presents a significant value-add opportunity for renovation and potential rental income or resale.
The property is sold with current occupants in place, requiring the buyer to undertake a potentially lengthy and costly eviction process.
The property will not qualify for traditional financing, severely limiting the buyer pool to cash buyers or those with specialized hard money loans.
Sold strictly 'as-is' with no warranties and 'drive-by only' access, preventing thorough inspection and implying substantial, unquantified repair and renovation costs.
This property is being sold in its present condition, with no warranties expressed or implied. Drive-by only — do not disturb occupants. The home is centrally located in the heart of Los Angeles, within walking distance to shopping, transportation, and major highways. Property will not qualify for traditional financing. Investors welcome. Home will be sold with current occupants in place.
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 | 886 | 1,223 | 16% |
| Lot Size | 2,608 | 5,403 | 5% |
| Price | $500.0K | $862.5K | 6% |
| Price per sq ft | $564 | $690 | 23% |
| Built year | 1925 | 1942 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 219 | 180 | 75% |
Sep 15, 2025
$500,000
Initial Listing
Mar 23, 2005
$240,000
Public Record