REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Douglas McCauley • MARCUS & MILLICHAP
$ 750,000
Est. payment | /mo
1,894 SqFt
$ 750,000
Est. payment | /mo
1,894 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,894 sqft
Price per Sqft $395
MLS Listing ID CV-25251573
Year Built 1955
Lot Size 6,178 Sqft
Property Sub-Type Single Family Residence
Source California Regional Multiple Listing Service (CRMLS)
Property Description
***SELLER FINANCING***
Mixed-use investment property ideally positioned in the rapidly evolving El Sereno submarket of Los Angeles. The property consists of one single-family residence (2BR/1BA) and two street-front commercial units, each individually metered for gas & electricity.
Situated on a 6,176 SF lot along Eastern Avenue, the property provides investors and owner-users with the rare opportunity to leverage multiple income streams and explore value-add potential through ADU additions or conversion of commercial units to residential (subject to City of Los Angeles approval).
This property offers a variety of income and redevelopment options. significantly increase cash flow and enhance long-term value. There is also a
conversion opportunity to transform the existing commercial storefronts into residential spaces, subject to verification with the City of Los Angeles.
Alternatively, an investor may choose to hold the property for appreciation, maintaining the current structure while benefiting from the continued upward trajectory of values in one of Los Angeles' most promising and emerging neighborhoods. Notably, nearby projects—such as the 42 single-family homes recently approved at 2520 N Eastern Avenue—further highlight the strong demand and ongoing redevelopment momentum throughout the El Sereno area.
El Sereno is a vibrant and centrally located community within the City of Los Angeles, bordered by Alhambra, South Pasadena, Highland Park, and
Downtown Los Angeles. The area continues to attract strong interest from investors, young professionals, and families seeking affordability, convenience, and community charm. Residents enjoy close proximity to popular destinations such as the El Sereno Recreation Center, Ascot Hills Park, Cal State Los Angeles, and the Keck Hospital of USC, providing access to recreation, education, and healthcare. The neighborhood is also strategically positioned near major employment hubs, including Downtown Los Angeles, Pasadena, and the USC Medical District. With quick connectivity to the 10, 710, 110, and 5 freeways, El Sereno offers seamless access to the greater Los Angeles region. Its growing mix of local restaurants, cafés, and small businesses contributes to an emerging urban village atmosphere that continues to enhance the neighborhood's appeal and livability.
Mixed-use investment property ideally positioned in the rapidly evolving El Sereno submarket of Los Angeles. The property consists of one single-family residence (2BR/1BA) and two street-front commercial units, each individually metered for gas & electricity.
Situated on a 6,176 SF lot along Eastern Avenue, the property provides investors and owner-users with the rare opportunity to leverage multiple income streams and explore value-add potential through ADU additions or conversion of commercial units to residential (subject to City of Los Angeles approval).
This property offers a variety of income and redevelopment options. significantly increase cash flow and enhance long-term value. There is also a
conversion opportunity to transform the existing commercial storefronts into residential spaces, subject to verification with the City of Los Angeles.
Alternatively, an investor may choose to hold the property for appreciation, maintaining the current structure while benefiting from the continued upward trajectory of values in one of Los Angeles' most promising and emerging neighborhoods. Notably, nearby projects—such as the 42 single-family homes recently approved at 2520 N Eastern Avenue—further highlight the strong demand and ongoing redevelopment momentum throughout the El Sereno area.
El Sereno is a vibrant and centrally located community within the City of Los Angeles, bordered by Alhambra, South Pasadena, Highland Park, and
Downtown Los Angeles. The area continues to attract strong interest from investors, young professionals, and families seeking affordability, convenience, and community charm. Residents enjoy close proximity to popular destinations such as the El Sereno Recreation Center, Ascot Hills Park, Cal State Los Angeles, and the Keck Hospital of USC, providing access to recreation, education, and healthcare. The neighborhood is also strategically positioned near major employment hubs, including Downtown Los Angeles, Pasadena, and the USC Medical District. With quick connectivity to the 10, 710, 110, and 5 freeways, El Sereno offers seamless access to the greater Los Angeles region. Its growing mix of local restaurants, cafés, and small businesses contributes to an emerging urban village atmosphere that continues to enhance the neighborhood's appeal and livability.
Location
State CA
County Los Angeles
Area 621 - El Sereno
Interior
Laundry Common Area
Exterior
Parking Features Street, Driveway
Pool None
Community Features Sidewalks, Street Lights
Building
Lot Description No Landscaping
Sewer Public Sewer
GET MORE INFORMATION
Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114