Homes for sale - 2408 2410 N Eastern AVE, Los Angeles, CA 90032

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,100,000

Est. payment - /mo

2.15 Acres Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26016947

Construction Status Fixer,Repairs Cosmetic

HOA Y/N No

Year Built 1947

Lot Size 2.154 Acres

Property Sub-Type Apartment

Property Description

7 Lots totaling 2.154Acre Redevelopment Site (2 Triplexes and 1.82Acre Lot) in a central location in El Sereno, several blocks from Valley Blvd Alhambra, and easy commute to DTLA.
7 combined lots: 2408 N Eastern, 2410 N Eastern, and a ±1.82ACRE Residential development lots (5 parcels behind it) for sale. This combined portfolio totaling 2.154ACRE residential lot that is prime and ready to be redeveloped. These properties have been in the same family for more than 11 years and this is the first time they have been offered for sale. The properties are strategically located in El Sereno, bordering Alhambra and a short distance to Downtown Los Angeles.

The properties are strategically located at the border of Alhambra, and adjacent to Hillside Village neighborhood. The location is only several blocks away from Valley Blvd, El Sereno Park & Recreation Center, Ascot Hills Park, and only minutes to Cal State University Los Angeles. The properties enjoy close proximity to Downtown Los Angeles area via Huntington Drive or FWY 10 which is only minutes away. It has good demographics with $101,398 AHH Income within a 1-mile radius.

The 5 residential lots totaling 1.82ACRE are located right behind the 2 triplexes (located at 2408-2410 N Eastern Ave). It offers a rare and prime opportunity for developers to acquire an infill large development site in a mature area. It has a total of 1.82ACRE (79353 SF) lot size with RD5-1D zoning; gently sloping lot. There is an access street from a quiet and cul-de-sac street (THELMA AVE – use 2357 or 2358 Thelma Ave in Google map).
On the 5 lots, Seller has initial architect drawing to build a 15 units master plan Single Family Residential – drawings will be included in the sale. The Sales comparable for older homes in the immediate El Sereno area with small lots (older houses with less than 6000SF lot size) in the past 12 months shows a range of sales price between $800,000 to $1,500,000. The 7 lots are priced to sell at only $22/SF lot. Upon completion of the project, each finished SFR could be worth $1.5million (buyer to verify).

2408 and 2410 N Eastern are 2 side by side Triplex (3 unit) with identical layout and unit mix. Each building has 3 x 1bedroom+1bathroom unit and has about 1,868 SF living space and sit on a 7,243 SF lot. Both properties were built in 1947 and each building has a center courtyard area.

Location

State CA

County Los Angeles

Area 621 - El Sereno

Zoning LARD5

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate

Fireplaces Type None

Fireplace No

Appliance Gas Range

Laundry Common Area, Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Assigned, Detached Carport

Carport Spaces 6

Fence None

Pool None

Community Features Suburban, Valley, Park

View Y/N Yes

View City Lights, Panoramic

Roof Type Shingle

Total Parking Spaces 10

Private Pool No

Building

Lot Description Sloped Down, Front Yard, Irregular Lot, Lawn, Lot Over 40000 Sqft, Near Park, Near Public Transit, Value In Land

Faces East

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Fixer,Repairs Cosmetic

Others

Senior Community No

Tax ID 5216007007

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://growthinvestmentgroup.com/listingdetail.aspx?pid=10494

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Listed by Handoko Chen Growth Investment Group Pasade han.chen@growthinvestmentgroup.com

NEARBY SCHOOL & BUSINESS

SCHOOLS PROPERTIES

Elementary Schools 20

10

Arroyo Vista Elementary School

Public | KG - 5
10

Monterey Hills Elementary School

Public | KG - 5
10

Kipp Iluminar Academy

Public | KG - 4
10

Marengo Elementary School

Public | KG - 5
9

Kipp los Angeles College Preparatory

Public | 5 - 8
9

Kipp Sol Academy

Public | 5 - 8
9

Brooklyn Avenue School

Public | KG - 8
9

Monterey Highlands Elementary School

Public | KG - 8
8

Puc Milagro Charter

Public | KG - 5
8

Brightwood Elementary School

Public | KG - 8
8

Robert Hill Lane Elementary School

Public | KG - 6
8

Park Elementary School

Public | KG - 8
7

Mt. Washington Elementary School

Public | KG - 6
7

Arroyo Seco Museum Science

Public | KG - 8
7

Latona Elementary School

Public | PK - 6
7

Sierra Vista Elementary

Public | KG - 6
7

Marguerita Elementary School

Public | KG - 8
7

Bella Vista Elementary

Public | KG - 5
6

El Sereno Elementary School

Public | PK - 6
6

Marianna Avenue Elementary School

Public | KG - 6

Middle Schools 12

10

South Pasadena Middle School

Public | 6 - 8
6

Hollenbeck Middle School

Public | 6 - 8
5

Florence Nightingale Middle School

Public | 6 - 8
5

Los Angeles Leadership Academy

Public | 6 - 12
5

Griffith Middle School

Public | 6 - 8
4

Puc Excel Charter Academy

Public | 6 - 8
4

Belvedere Middle School

Public | 6 - 8
4

El Sereno Middle School

Public | 6 - 8
3

Alliance College-Ready Middle Academy No. 5

Public | 6 - 8
0

Academia Avance Charter

Public | 6 - 12
0

Ramona Opportunity High School

Public | 7 - 12
0

East los Angeles Community Day

Public | 7 - 12

High Schools 20

10

South Pasadena High School

Public | 9 - 12
9

Francisco Bravo Medical Magnet High School

Public | 9 - 12
9

Alliance Marc & Eva Stern Math and Science

Public | 9 - 12
8

Math, Science, & Technology Magnet Academy at Roosevelt High School

Public | 9 - 12
8

Los Angeles High School for the Arts

Public | 9 - 12
6

Alliance Susan and Eric Smidt Technology High School

Public | 9 - 12
6

Lincoln High School

Public | 9 - 12
6

Benjamin Franklin High School

Public | 9 - 12
5

Boyle Heights STEM High School

Public | 9 - 12
5

Leadership in Entertainment and Media Arts (Lema)

Public | 9 - 12
5

Los Angeles International Charter High School

Public | 9 - 12
5

Esteban Torres High School - Engineering & Technology Academy

Public | 9 - 12
5

Esteban Torres High School - East Los Angeles Renaissance Academy

Public | 9 - 12
5

East Los Angeles Performing Arts Academy at Esteban E. Torres High School

Public | 9 - 12
4

Woodrow Wilson High School

Public | 9 - 12
4

Esteban Torres High School - Humanitas Academy of Art & Technology

Public | 9 - 12
4

Hilda L. Solis College Prep High School

Public | 9 - 12
3

Academy of Environmental & Soc Policy (Esp) at Roosev

Public | 9 - 12
2

Theodore Roosevelt High School

Public | 9 - 12
1

Esteban Torres High School - Social Justice Leadership Academy

Public | 9 - 12

School and business data provided by Attom Data.

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