1503 E Gage Avenue, Los Angeles, California 90001, Los Angeles, 90001 - 3 bed, 3 bath

1503 E Gage Avenue, Los Angeles, California 90001 home-pic-0
ACTIVE$649,000
1503 E Gage Avenue, Los Angeles, California 90001
3Beds
3Baths
1,412Sqft
2,366Lot
Year Built
2007
Close
-
List price
$649K
Original List price
$649K
Price/Sqft
$460
HOA
-
Days on market
-
Sold On
-
MLS number
25617073
Home ConditionGood
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

Possibly Over-Priced:The estimated price is 5% below the list price. We found 3 Cons,5 Pros. Rank: price - $649.0K(77th), sqft - 1412(73th), beds - 3(50th), baths - 3(85th).

Do not miss out on this 3-bed, 3-bath home on a corner lot in the Florence-Graham area of South Los Angeles - and make it your own! Built in 2007, this spacious 1,412 sq ft residence offers an open floor plan with a bright living space and an updated kitchen featuring stainless-steel appliances. The spacious primary suite includes a walk-in closet and ensuite bath. Enjoy the private outdoor space with a patio and side yard, plus a two-car garage for secure parking. Florence-Graham is located south of Downtown Los Angeles and conveniently near coffee shops, restaurants, and grocers which are situated throughout the area, while larger shopping centers like Plaza La Alameda are located towards the edges of the neighborhood. Ideal for first-time buyers or investors seeking modern comfort and value. Property qualifies for Community Advantage Loan Program (No Mortgage Insurance, Discounted Interest Rates in the 5's, 3% Down Payment). Also qualifies for Ladder Up program to receive $20k grant for Down Payment or Closing Costs.

Price History

Date
Event
Price
11/09/25
Listing
$649,000
Condition Rating
Good

Built in 2007, this property is 17 years old, falling within the 'Good' category's age range. It appears well-maintained and move-in ready. The kitchen features stainless steel appliances, but the cabinets, countertops, and all bathrooms exhibit dated styles consistent with the original build or an early renovation, rather than a recent, comprehensive update. While functional, these areas would benefit from cosmetic upgrades. The flooring (laminate, tile, carpet) and light fixtures are basic but in good condition. The cooling system is not explicitly central AC, which is a minor consideration for a property of this age in Los Angeles, but does not detract significantly from its overall 'Good' condition.
Pros & Cons

Pros

Modern Build & Interior: Constructed in 2007 with an open floor plan, updated kitchen featuring stainless steel appliances, and a spacious primary suite with a walk-in closet and ensuite bath.
Significant Financial Programs: Qualifies for the Community Advantage Loan Program (no MI, discounted rates, 3% down) and a $20k Ladder Up grant for down payment/closing costs, offering substantial buyer incentives.
Corner Lot & Private Outdoor Space: Positioned on a corner lot, providing a private patio and side yard for outdoor enjoyment and increased natural light.
Secure Two-Car Garage: Offers valuable and secure off-street parking with a dedicated two-car garage, a premium amenity in Los Angeles.
Convenient Local Amenities: Situated near a variety of coffee shops, restaurants, grocers, and shopping centers, enhancing daily convenience for residents.

Cons

Limited Lot Size: The 2,366 sq ft lot is relatively compact for a single-family residence, which may restrict extensive outdoor landscaping or future expansion possibilities.
Unspecified Cooling System: The property description does not explicitly mention the presence of a central air conditioning system, which is a common expectation for a 2007 build in Los Angeles.
Neighborhood Market Perception: While offering local amenities, the Florence-Graham area's market perception might limit the broader buyer pool or long-term appreciation potential compared to other Los Angeles submarkets.

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