5262 Remstoy Drive, Los Angeles, California 90032, Los Angeles, 90032 - 2 bed, 1 bath
ACTIVE$600,000
5262 Remstoy Drive, Los Angeles, California 90032
2Beds
1Bath
840Sqft
4,676Lot
Year Built
1945
Close
-
List price
$600K
Original List price
$675K
Price/Sqft
$714
HOA
-
Days on market
-
Sold On
-
MLS number
DW25167529
Home ConditionPoor
Features
Deck
View-
About this home
Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,5 Pros. Rank: price - $600.0K(9th), sqft - 840(12th), beds - 2(38th), baths - 1(38th).
Home for Sale. Attention investors: Here is an opportunity to purchase your next project. This home is in need of updating to bring it back to it's potential. There is a huge upside potential, once home is remodeled. Home in located in the high demand area of El Sereno, just a couple of blocks from South Pasadena. Location id ideal since it's located a short drive to Downtown Los Angeles, Pasadena and Burbank. There is a park near by and schools and public transportation are near by as well.
Price History
Date
Event
Price
12/02/25
Price Change
$600,000-4.0%
10/18/25
Price Change
$625,000-3.1%
09/19/25
Price Change
$645,000-2.3%
08/19/25
Price Change
$660,000
07/25/25
Listing
$675,000
Condition Rating
Poor
Built in 1945, this property is explicitly marketed as a 'project' in need of 'updating' and 'remodeling' to reach its potential. The images confirm this, showing a very dated kitchen with old, mismatched appliances, worn cabinets, and old flooring. The bathroom is similarly outdated with old fixtures and finishes. The exterior deck also appears to be in disrepair. These factors indicate the property requires substantial repairs and rehabilitation, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Strategic Location: Positioned in the high-demand El Sereno area, offering excellent connectivity to South Pasadena, Downtown Los Angeles, Pasadena, and Burbank, making it ideal for commuters and urban dwellers.
Significant Upside Potential: Explicitly marketed as a 'project' with 'huge upside potential once remodeled,' making it highly attractive to investors and those seeking to build equity through renovation.
Investor-Ready Opportunity: The property's current condition and stated potential make it an ideal acquisition for investors looking for renovation projects with a clear path to increased value.
Access to Local Amenities: Conveniently located near a park, schools, and public transportation, enhancing its livability and appeal to future residents post-renovation.
Lot Size for Expansion/ADU: The 4676 sqft lot provides ample space for potential home expansion or the addition of an Accessory Dwelling Unit (ADU), increasing future value and utility.
Cons
Extensive Renovation Required: The property is clearly described as being 'in need of updating' and a 'fixer,' indicating a substantial financial and time commitment for renovation to realize its full potential.
History of Price Reductions: Multiple price drops from $675,000 to $600,000 suggest market resistance or an initial overvaluation, potentially signaling a more challenging sale process or further negotiation room.
Limited Living Space: With only 840 sqft, the home offers relatively small living quarters, which may not appeal to all buyer segments, particularly larger families or those desiring more spacious interiors.