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2149 Fargo Street, Los Angeles, California 90039, Los Angeles, 90039 - 2 bed, 1 bath

2149 Fargo Street, Los Angeles, California 90039 home-pic-0
ACTIVE$898,000
2149 Fargo Street, Los Angeles, California 90039
2Beds
1Bath
1,086Sqft
7,503Lot
Year Built
1909
Close
-
List price
$898K
Original List price
$898K
Price/Sqft
$827
HOA
-
Days on market
-
Sold On
-
MLS number
AR25056172
Home ConditionPoor
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,6 Pros. Rank: price - $898.0K(9th), sqft - 1086(24th), beds - 2(33th), baths - 1(22th).

Nestled in the heart of Echo Park, this 2-bedroom, 1-bath fixer-upper presents an incredible opportunity to renovate, expand, or build new in a prime Los Angeles location. The main house (1,086 SF per assessor) sits on a generous 50x150 ft lot and features a raised foundation, a lower-level recreation room, and an additional workshop space with plumbing access. A separate 396 SF playroom (built in 1938) adds versatility, ideal for an office, studio, or guest retreat. This property also includes a second parcel (APN: 5422-021-005) designated for an irrevocable easement and right of way, enhancing accessibility. Additionally, a leveled parking pad provides extra parking space, a valuable feature in this high-demand neighborhood. Whether you're an investor, developer, or buyer with a vision, the possibilities are endless—remodel, expand, or create a brand-new masterpiece. Located just minutes from Elysian Park, vibrant cafes, and DTLA, this is a rare find in one of LA’s most desirable neighborhoods. Don’t miss this incredible opportunity!

Condition Rating
Poor
Built in 1909 and explicitly described as a 'fixer-upper,' this property requires substantial repairs and rehabilitation. The images confirm an extremely outdated condition throughout, particularly in the kitchen with old cabinets, laminate countertops, and dated appliances, and the bathroom with old beige tiles and vanity. The property shows significant wear and tear, with old flooring, window AC units, and likely original or very old major systems (electrical, plumbing, HVAC) that will require extensive upgrades to meet current standards. It is not move-in ready and would be uncomfortable to live in its current state.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7503, living area = 1086.
Prime Location: Nestled in the highly desirable Echo Park neighborhood, minutes from Elysian Park, vibrant cafes, and DTLA, offering excellent lifestyle and appreciation potential.
Significant Development Potential: Presents an incredible opportunity for renovation, expansion, or new construction, appealing to investors, developers, or buyers with a vision to create a custom masterpiece.
Generous Lot Size: Sits on a substantial 7,503 sqft (50x150 ft) lot, providing ample space for potential expansion, landscaping, or new development in a dense urban area.
Versatile Additional Structures: Includes a separate 396 SF playroom (ideal for an office, studio, or guest retreat), a lower-level recreation room, and a workshop with plumbing access, adding functional flexibility.
Valuable Parking & Accessibility: Features a leveled parking pad for extra parking space and includes a second parcel with an irrevocable easement, enhancing accessibility in a high-demand neighborhood.

Cons

Extensive Renovation Required: Explicitly marketed as a 'fixer-upper,' indicating that significant investment in time, resources, and capital will be necessary for modernization and repairs.
Age of Property: Built in 1909, the property likely has outdated systems (electrical, plumbing, HVAC) and structural elements that will require substantial upgrades to meet current standards and buyer expectations.
Limited Current Configuration: The existing 2-bedroom, 1-bathroom layout is modest for the price point and location, suggesting that most buyers will need to factor in costs for expanding or reconfiguring the living space.

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