3248 N Eastern Ave Los Angeles, CA 90032
El Sereno NeighborhoodEstimated payment $4,329/month
About This Home
WOW — over 4,096 sq. ft. at less than $159 per square foot! This commercial/residential property is priced to sell and packed with value-add potential in the heart of El Sereno.
Featuring two vacant ground-floor commercial storefronts, two spacious residential apartments above, and rear parking for approximately six vehicles, this property gives the next owner plenty of room and opportunity to bring a new vision to life.
The commercial spaces offer approximately 1,000 sq. ft. each, ideal for a coffee shop, restaurant, retail concept, professional office, neighborhood market, or other commercial use. Upstairs are a 2-bedroom/1-bath and 1-bedroom/1-bath residential unit, both currently tenant-occupied.
Located along one of El Sereno’s established commercial corridors, this is a true diamond in the rough ready for renovation, repositioning, and a fresh new chapter.
Bring your vision. Bring your creativity. At this price per square foot, the opportunity is hard to ignore!
Buyer to independently verify square footage, zoning, permitted uses, parking, unit configuration, and all property information.
Listing Agent
Las Casas Realty, Inc. Brokerage Phone: 626-592-5341 License #01912935 Listed on: 03/11/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 3,527 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Property Attached
- Entry on the 2nd floor
Interior Spaces
- 4,096 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
Parking
- Parking Available
- Assigned Parking
Location
- Urban Location
Listing and Financial Details
- Tax Lot 115
- Tax Tract Number 3385
- Assessor Parcel Number 5218021017
- $4,660 per year additional tax assessments
Community Details
Overview
- 4 Units
Building Details
- 2 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $6,000
- Water Sewer Expense $1,800
- Operating Expense $6,800
- Gross Income $4,000
- Net Operating Income $4,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $7,902 | $640,240 | $288,061 | $352,179 |
| 2025 | $7,902 | $627,687 | $282,413 | $345,274 |
| 2024 | $4,985 | $380,799 | $128,768 | $252,031 |
| 2023 | $4,894 | $373,334 | $126,244 | $247,090 |
| 2022 | $4,676 | $366,015 | $123,769 | $242,246 |
| 2021 | $4,611 | $358,840 | $121,343 | $237,497 |
| 2019 | $4,479 | $348,198 | $117,745 | $230,453 |
| 2018 | $4,392 | $341,372 | $115,437 | $225,935 |
| 2016 | $4,184 | $328,117 | $110,955 | $217,162 |
| 2015 | $4,126 | $323,190 | $109,289 | $213,901 |
| 2014 | $4,143 | $316,860 | $107,149 | $209,711 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/16/2026 09/16/26 | For Sale | $650,000 | -13.3% | $159 / Sq Ft |
| 09/16/2026 09/16/26 | Off Market | $750,000 | -- | -- |
| 03/11/2026 03/11/26 | For Sale | $750,000 | -- | $183 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD26054047
APN: 5218-021-017
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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