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3741 Locke Ave, Los Angeles, CA 90032

List Price: $699,000On Market FlagOn market
Jun 2, 20251,542 sqft5 beds0 baths
Listed by: Yonathan Canete Baltazar
License #: 01991889
Phone #: (213) 273-3797
The Agency
Source:
CRMLS Logo
MLS #: P1-22556

Property Description

Prime investment opportunity in one of the most desirable pockets in El Sereno, north of Huntington Dr. This legal detached duplex offers private yard spaces per unit and parking. The property also includes paid plans for expanding both units and converting the detached garage into an Accessory Dwelling Unit (ADU). Currently vacant, house hackers, savvy investors, or contractors can maximize returns in LA's high-demand rental market. Sitting on a fully usable 7,500 sq ft lot, the property is already positioned for major upside: concrete foundation work for the planned additions is complete, new plumbing has been installed, and a gas line is in place for the ADU. Whether you plan to live in one unit and rent out the other two or create a fully income-generating triplex, the groundwork is done. Market Rents Support a monthly gross of $10,100. Opportunities like this are rare--a chance to build equity fast, generate passive income, and design a modern rental or multi-generational compound in a fast-growing community. Neighboring Highland Park, South Pasadena, and Alhambra the property offers easy access to the 110 freeway, Keck Medicine, and Cal State LA. Invest, build, earn, and thrive in Northeast LA.
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$17,211

TurboHome Estimated Value

$923,200

$599 sqft

High Valuation
$969,360
$629/sqft
Normal Valuation
$923,200
$599/sqft
Low Valuation
$877,040
$569/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$599/sqft$923,200

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