
Los Angeles, California 90042
This property presents a High-Potential Investment Opportunity with a List Price of $799,900—positioned well below the $774,208 Fair Market Value by -3%. While the property requires significant capital, the 5,398-square-foot lot and existing multifamily configuration offer substantial upside for value-add renovation or potential ADU conversion. With a Condition Rating of 5, this asset is strictly for cash buyers capable of managing a complex probate project. It is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to maximize density in Highland Park.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5208 5210 Lincoln Subject | $799,900* List Price | 0 | 0 | 1,432 | $541 | - |
A 4920 Stratford Sold | $955,000 | 0 | 0 | 1,772 | $539 | 0.4 mi |
B 4943 Granada Street Sold | $910,000 | 4 | 2 | 1,793 | $508 | 0.7 mi |
C 116 Ellita Place Pending | $699,000 List Price | 4 | 2 | 1,386 | $504 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1924, this property is a century old and currently in a state of incomplete renovation. The listing specifies an 'incomplete interior remodel' for the front unit and a rear unit requiring 'TLC,' while photos show missing cabinet fronts and unfinished exterior elements. The 'all cash' requirement indicates it likely fails to meet habitability standards for traditional financing.
Situated in one of Northeast Los Angeles' most desirable neighborhoods, the property offers excellent proximity to trendy amenities and easy access to DTLA and Pasadena.
The existing duplex configuration with an incomplete interior remodel provides a blank canvas for investors to customize and maximize rental income or resale value.
A large 5,398-square-foot lot featuring a rear garage structure presents a prime opportunity for an Accessory Dwelling Unit (ADU) conversion to further increase density.
The property's current condition necessitates an all-cash purchase, significantly limiting financing options and the potential pool of traditional buyers.
As a probate sale sold in its current state, the buyer assumes all risks regarding incomplete renovations, structural integrity, and unverified unit configurations.
**PROBATE SALE | “DIAMOND IN THE ROUGH” | PRIME HIGHLAND PARK LOCATION | INVESTMENT OPPORTUNITY** Opportunity knocks in highly desirable **Highland Park!** This probate property offers investors, contractors, developers, and savvy buyers the chance to transform a property with **significant upside potential** in one of Northeast Los Angeles’ most sought-after neighborhoods. (ALL CASH REQUIRED TO PURCHASE). Located at **5208 Lincoln Ave, Los Angeles, CA 90042**, the property sits on an approximately **5,398-square-foot lot** and features an existing multifamily configuration (appx 1,432 sq ft total for both units) offering multiple possibilities for renovation, income generation, or future development **subject to buyer verification and applicable City of Los Angeles requirements.** The **front unit is currently an incomplete interior remodel**, providing an opportunity for a buyer to finish the renovation and customize the space to their vision. The **rear unit requires TLC** and presents an excellent opportunity for improvement and value enhancement. Adding to the property's potential, the **rear structure was previously utilized as a garage** and may offer the possibility of conversion to an **ADU (Accessory Dwelling Unit)**, subject to buyer investigation, permits, zoning, building codes, and approval by the City of Los Angeles. This is truly a property for someone who can **see beyond the current condition and unlock its potential!** Located in the heart of Highland Park, the property is conveniently close to the neighborhood’s popular restaurants, cafés, shops, entertainment, and local amenities, with easy access to nearby Eagle Rock, Mount Washington, Glassell Park, Pasadena, and Downtown Los Angeles. **PROBATE SALE — SOLD AS-IS.** Buyer to conduct their own due diligence regarding property condition, unit configuration, square footage, zoning, permits, occupancy, development potential, ADU possibilities, and all other matters affecting the property. Seller makes no representations regarding the feasibility or approval of any proposed improvements or conversion. **HIGHLAND PARK LOCATION + LARGE LOT + EXISTING MULTIFAMILY CONFIGURATION + RENOVATION UPSIDE + POTENTIAL ADU OPPORTUNITY = **DON’T MISS THIS RARE HIGHLAND PARK PROBATE OPPORTUNITY!** DOGS ON PROPERTY!! DO NOT ENTER!! SCHEDULE APPT.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,432 | 2,187.451 |
| Lot Size | 5,398 | 5,841.385 |
| Price | $799.9K | $841.5K |
| Price per sq ft | $559 | $385 |
| Built year | 1924 | 1928 |
| HOA | $0 | $0 |
| Days on market | 27 | 85 |
Aug 13, 2026
$799,900
Initial Listing