5148 Wadena St, El Sereno, California 90032, El Sereno, 90032 - 5 bed, 4 bath
ACTIVE$545,000
5148 Wadena St, El Sereno, California 90032
5Beds
4Baths
1,558Sqft
7,760Lot
Year Built
1927
Close
-
List price
$545K
Original List price
$699K
Price/Sqft
$350
HOA
-
Days on market
-
Sold On
-
MLS number
PW25189009
Home ConditionTear down
Features
Good View:
Patio
View
About this home
We found 3 Cons,5 Pros. Rank: price - $545.0K(8th), sqft - 1558(25th), beds - 5(75th), baths - 4(92th).
TRIPLEX in EL SERENO - THIS PROPERTY IS PERFECT FOR THE INVESTOR OR DEVELOPER. PROPERTY IS CASH ONLY DUE TO CONDITION. DO NOT WALK PROPERTY. This three-unit property is perfect for investors or developers looking to add value and maximize returns. Tax record reflects 4-units Conveniently located near DTLA, Cal State LA, and major freeways, El Sereno continues to see strong rental demand and rapid appreciation.
Price History
Date
Event
Price
11/02/25
Price Change
$545,000-9.2%
09/25/25
Price Change
$599,999-4.0%
09/07/25
Price Change
$625,000-3.8%
08/28/25
Price Change
$649,900-7.0%
08/21/25
Listing
$699,000
08/31/93
Sold
$90,000
Condition Rating
Tear down
The property, built in 1927, is explicitly marketed as 'CASH ONLY DUE TO CONDITION' and buyers are warned 'DO NOT WALK PROPERTY,' indicating severe safety and structural issues that render it unlivable. Visible fire damage on one of the buildings further confirms its dilapidated state. Without interior access or photos, it's impossible to assess the kitchen and bathrooms, but given the exterior and listing warnings, they are undoubtedly in an unlivable or severely damaged condition, requiring complete replacement. The property's value is clearly based on its potential for redevelopment rather than the existing structures, aligning with a 'tear-down' classification.
Pros & Cons
Pros
Investment/Development Opportunity: Explicitly marketed as ideal for investors or developers, this multi-unit property (triplex with potential for four units per tax records) offers significant income-generating potential.
Strategic Location: Conveniently located near Downtown LA, Cal State LA, and major freeways, enhancing tenant demand and long-term property value.
Strong Market Appreciation: Situated in El Sereno, an area noted for strong rental demand and rapid property appreciation, promising favorable market conditions for investors.
Multi-Unit Potential: Described as a triplex, with tax records indicating four units, offering flexibility and increased income potential for a savvy investor.
Generous Lot Size: The 7,760 sqft lot provides ample space for potential expansion, additional dwelling units (ADUs), or enhanced outdoor amenities, adding future value.
Cons
Severe Condition & Cash-Only Requirement: The property's poor condition necessitates a cash-only purchase and prohibits site visits, indicating substantial required renovations and limiting financing options.
Significant Price Reductions: Multiple substantial price drops from $699,000 to $545,000 suggest challenges in valuation or market appeal, likely due to the property's extensive condition issues.
Advanced Age & Extensive Renovation Needs: Built in 1927, the property is likely to require comprehensive modernization, system upgrades (plumbing, electrical), and structural repairs, adding considerable cost and complexity to any development project.