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$400,000

0 Thelma Ave

Los Angeles, CA 90032

Active

Los Angeles

County

Land

Property Type

About this home

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 with 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!

Listed by Chit Yip · DRE #01885125 · Coldwell Banker Realty

MLS #1159659412

ListedMay 6, 2026

Property Details

Architecture

StoriesN/A

StyleN/A

Total UnitsN/A

RoofN/A

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingN/A

HeatingN/A

FireplaceN/A

LaundryN/A

Parking FeaturesN/A

Parking Total0

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size1.82 ac

Lot FeaturesSprinklers None

ViewCity Lights, Neighborhood

DirectionsFrom N. Eastern Ave, turn onto E of Druid St, then turn North onto N Thelma Ave to the end of the street.

Community

Area621 - El Sereno

School DistrictN/A

Tax & Financial

TermsCash, Exchange1031, Submit

Land LeaseNo

HOA NameN/A

HOA FeeN/A

Request a Tour

Mortgage Estimate

$2,129/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 5:15 PM

The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. 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. All listing data, including but not limited to square footage and lot size, is believed to be accurate but is not guaranteed by the listing Agent, listing Broker, or CRMLS. Buyers are responsible for verifying the accuracy of all information and should independently investigate the data or retain appropriate professionals prior to making any decisions. 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 herein may or may not have been the Listing and/or Selling Agent. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.