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Thelma Ave

Los Angeles, CA 90032
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SqFt79,353

Sqft(Lot)

Major price reduction! Don't miss this incredible investment opportunity to purchase two detached triplexes totaling approximately 14,487 SF ( listed separately under MLS# P1-27820 Parcel# 5216-007-006 & 007 ) together with five adjacent vacant land parcels comprising approximately 2.15 acres. All are offered together as one package for $ 2,000,000! Of the total purchase price $400,000 is allocated to the five vacant land parcels. Situated in a prime El Sereno location near Alhambra with LARD5 zoning, offered at an exceptionally attractive price with tremendous future development potential. Conveniently located near Valley Blvd and just minutes from California State University, LA with easy access to DTLA, Highland Park, South Pasadena, and the 10, 710 freeways. Established neighborhood w ith utilities available from adjacent properties. These properties offer convenient access, scenic surroundings and excellent potential for future residential development. LARD5 zoning may offer potential for apartments, townhomes, condominiums or other residential development opportunities. All five lots are adjacent to each other. APN # 5216-007-010 & 5216-007-022 & 5216-007-017 located on 0 N. Thelma Ave, APN# 5216-007-011 and APN # 5216-007-012 located on North Eastern Ave Los Angeles, CA 90032 are including in the listing price. Seller is motivated. Buyers to conduct their own due diligence regarding all aspects of the properties. Seller is performing a 1031 exchange. Buyer to cooperate at no additional cost or liability to buyer. Price to sell!

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Detail Ic Property Details

Property Type : Land

Price : $400,000

AD Id : 87410331

MLS Id : P1-27046

Lot Size : 79,353 Sqft(Lot)

County : Los Angeles

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Feature Features

  • Lot Information

    Main Square Feet: 79353 Lot Size Acres: 1.8217 Lot Size Source: Assessor Lot Size Square Feet: 79,353 Lot Description: Sprinklers None

    Property Information

    Subdivision: Other Source Property Type: Land

  • Listing Price Information

    Listing Price: $400000
    Original Price: $750000
    Cash, 1031 Exchange, Submit

  • Tax Information

    Parcel Number: 5216007010

  • Utility Information

    None, Other, Sewer Not Available, Water Not Available
  • Location Information

    Direction: From N. Eastern Ave, turn onto E of Druid St, then turn North onto N Thelma Ave to the end of the street. WaterSource: Public, None, Other
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4056 N Drysdale Avenue, Los Angeles, CA, 90032 $65,000 -- -- -- 10,305 Sqft(Lot)
3 Drysdale, Los Angeles, CA, 90032 $33,000 -- -- -- 7,594 Sqft(Lot)
2 Drysdale, Los Angeles, CA, 90032 $33,000 -- -- -- 7,592 Sqft(Lot)
1 Drysdale, Los Angeles, CA, 90032 $33,000 -- -- -- 7,576 Sqft(Lot)
Drysdale Drive, Los Angeles, CA, 90032 $33,000 -- -- -- 7,578 Sqft(Lot)
2821 N Adkins Avenue, Los Angeles, CA, 90032 $119,000 -- -- -- 5,076 Sqft(Lot)
2849 Adkins Avenue, Los Angeles, CA, 90032 $385,000 -- -- -- 5,185 Sqft(Lot)
2837 Round Drive, Los Angeles, CA, 90032 $139,000 -- -- -- 6,060 Sqft(Lot)
2831 Round Drive, Los Angeles, CA, 90032 $139,000 -- -- -- 7,100 Sqft(Lot)
5200 Bohlig Road, Los Angeles, CA, 90032 $198,000 -- -- -- 5,667 Sqft(Lot)

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ByOwner last updated this listing 08/20/2026 @ 16:50

MLS: P1-27046 LISTED BY: Chit Yip, Coldwell Banker Realty 626-584-0050 SOURCE: CRMLS

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