Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1955
Sq.Footage
N/A
***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) with a long-term tenant of 10-years and two street-front commercial units, one in which is currently vacant and the other is occupied with another long-term tenant of 7-years. (Month-to-Month leases) Each unit is 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.
Features & Amenities
Interior
- 
    
Total Bedrooms
N/A
 - 
    
Bathrooms
N/A
 - 
    
Pet friendly
N/A
 
Exterior
- 
    
Garage
No
 - 
    
Parking
Driveway, On Street
 - 
    
Pool
Yes
 - 
    
Pool Features
None
 
Area & Lot
- 
    
Lot Size(acres)
0.1418
 - 
    
Property Type
Residential Income
 - 
    
Property Sub Type
Single Family Residence
 
Price
- 
    
Sales Price
$750,000
 - 
    
Sq. Footage
N/A
 - 
    
Price/SqFt
N/A
 
HOA
- 
    
Association
No
 
School District
- 
    
Elementary School
N/A
 - 
    
Middle School
N/A
 - 
    
High School
N/A
 
Property Features
- 
    
Stories
1
 - 
    
Senior Community YN
NO
 - 
    
Sewer
Public Sewer
 - 
    
Tax Lot
54
 - 
    
Water Source
Public
 
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Douglas McCauley , MARCUS & MILLICHAP
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