5065 Alhambra Ave, Los Angeles, California 90032, Los Angeles, 90032 - 2 bed, 1 bath
ACTIVE$500,000
5065 Alhambra Ave, Los Angeles, California 90032
2Beds
1Bath
886Sqft
2,608Lot
Year Built
1925
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$564
HOA
-
Days on market
-
Sold On
-
MLS number
IG25217907
Home ConditionPoor
Features
Good View: City Lights
Patio
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $500.0K(3th), sqft - 886(15th), beds - 2(38th), baths - 1(38th).
This property is being sold in its present condition, with no warranties expressed or implied. Drive-by only — do not disturb occupants. The home is centrally located in the heart of Los Angeles, within walking distance to shopping, transportation, and major highways. Property will not qualify for traditional financing. Investors welcome. Home will be sold with current occupants in place.
Price History
Date
Event
Price
09/15/25
Listing
$500,000
03/23/05
Sold
$240,000
Condition Rating
Poor
This property, built in 1925, is explicitly stated to be sold 'in its present condition, with no warranties' and 'will not qualify for traditional financing.' These statements are strong indicators of significant defects, safety concerns, or structural issues that prevent conventional lending. The 'drive-by only' instruction further suggests the interior is likely in very poor condition or inaccessible. Exterior images show an unkempt yard, an old and possibly damaged roof, and general neglect. Without interior photos, the condition of the kitchen and bathroom cannot be directly assessed, but given the age and the financing restrictions, they are presumed to be severely outdated, in disrepair, and requiring substantial rehabilitation. The property fits the 'poor' criteria, requiring substantial repairs and rehabilitation due to significant defects affecting safety, soundness, or structural integrity.
Pros & Cons
Pros
Prime Urban Location: Centrally located in the heart of Los Angeles, offering excellent access to city amenities and opportunities.
Exceptional Accessibility: The property boasts high walkability, being within walking distance to shopping, public transportation, and major highways.
Clear Investment Opportunity: Explicitly marketed to investors, this property presents a significant value-add opportunity for renovation and potential rental income or resale.
Desirable City Lights View: The property offers an attractive 'City Lights' view, enhancing its appeal and potential future value.
Relative Affordability for Investors: At a list price of $500,000 in Los Angeles, it represents a potentially accessible entry point for cash-ready investors seeking a distressed asset.
Cons
Occupancy & Eviction Challenge: The property is sold with current occupants in place, requiring the buyer to undertake a potentially lengthy and costly eviction process.
Non-Traditional Financing Required: The property will not qualify for traditional financing, severely limiting the buyer pool to cash buyers or those with specialized hard money loans.
Significant Unknowns & Limited Access: Sold strictly 'as-is' with no warranties and 'drive-by only' access, preventing thorough inspection and implying substantial, unquantified repair and renovation costs.