2408 N Eastern Ave , Los Angeles, CA 90032
$1,600,000
Est. Payment: $8,050.95/mo
6 Bed
6 Bath
3736 Sqft
Status: active | Days on site: 35
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Don't miss this incredible investment opportunity to purchase two detached two triplexes together with five adjacent vacant land parcels listed under MLS # P1-27046 ( Parcel #5216-007-011, 012, 017, 010 & 022) , comprising approximately 2.15 acres in total, the properties are offered as one package for $2,000,000 and are zoned LARD5 in a prime El Sereno location near Alhambra! This two triplexes featuring six 1 bedroom & 1 bath units along with six detached single car garages, one assigned parking on driveway to each unit. 2408 N Eastern Ave has one unit is vacant and the Seller plans to remodel it, adding value and enhancing its rental appeal. 2410 N. Eastern Ave has two units have recently become vacant and have been remodeled. Both two triplexes have separate driveways providing direct access to their garages, with 1.82 acres the vacant land situated immediately behind them. The five adjacent parcels are included in the sale. Of the total purchase price, $400,000. is allocated to the land. The property features a substantial amount of flat and usable land, offering excellent potential for future development of multiple residential buildings etc. ( Buyer to verify all development possibilities with the City of Los Angeles ). Ideally located just minutes from California State University, LA, South Pasadena, Alhambra and DTLA, with convenient access to the 10, 110 and 710 major freeways, transit options, shopping, dining and other local amenities. A rare opportunity for investors, developers, or owner-users seeking immediate rental income with significant future development potential. Price to sell! The currently occupied units are rented at $1,200 per month, well below market, as the Seller has not increased the rents for many years. Comparable vacant units have an estimated market rental value of approximately $1,700 to $1,800 per month, offering excellent upside rental potential.

Highlights

Listed by Chit Yip , (626) 636-7557 Coldwell Banker Realty , (626) 584-0050. CRMLS/Multi-Regional MLS mls logo

Property Type

Residential

Lot/Acreage
0.33

Year Built

1947

County

Los Angeles

Neighborhood

Not Applicable

Listing ID

P1-27820

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:6
  • Full Bathrooms:6
Appliances:Gas Cooktop, Gas Oven, Gas Range
Air Cond:Wall/Window Unit(s)
Fireplaces:
Floor:Laminate,Tile
Other:Eat-in Kitchen,Sunken Living Room,Unfurnished,Bedroom on Main Level
Other:Public

Exterior Features

Lot:Sprinklers None,No Land Lease
Garage Capacity:6
Zoning:LARD5
Roof:Shingle
Others:Updated/Remodeled,Stucco
Sewer:Public Sewer,Sewer Tap Paid
Parking Features:Assigned,Driveway
Principal Interest
$8,051
Taxes
$1,020

Home Price

$1,600,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$320,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,050.95

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,050.95 $1,020.00 $0.00 $9,070.95
Yearly $96,611.36 $12,240.00 $0.00 $108,851.36
Total $2,898,340.94 $367,200.00 $0.00 $3,265,540.94

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-08T08:36:43.000Z

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