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$848,000
2149 Fargo Street, Los Angeles, California 90039
2Beds
1Bath
1,086Sqft
7,503Lot
Year Built
1909
Close
-
List price
$848K
Original List price
$848K
Price/Sqft
$781
HOA
-
Days on market
-
Sold On
-
MLS number
AR25246555
Home ConditionTear down
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

Possibly Over-Priced:The estimated price is 8% below the list price. We found 3 Cons,6 Pros. Rank: price - $848.0K(8th), sqft - 1086(25th), beds - 2(34th), baths - 1(22th).

Investor, developer, or contractor? This is your Echo Park opportunity. Set on a generous 50x150 ft lot, 2149 Fargo St is a 2-bedroom, 1-bath fixer or teardown with serious upside for those looking to remodel, expand, or build new. The existing 1,086 SF home (per assessor) includes a raised foundation with a lower-level recreation room and a workshop area with plumbing access, plus a detached 396 SF structure (built in 1938) perfect for an office, studio, or future ADU. A second parcel (APN: 5422-021-005) provides an irrevocable easement and right of way, increasing development flexibility and long-term value. There's also a leveled parking pad offering rare additional off-street parking. Zoned for creativity and positioned minutes from Elysian Park, Sunset Blvd, Dodger Stadium, and DTLA, this land-value listing is priced for action and primed for transformation. Whether you’re flipping, building, or holding, the potential here is undeniable.

Price History

Date
Event
Price
10/24/25
Listing
$848,000
Condition Rating
Tear down

The property, built in 1909, is explicitly described as a 'fixer or teardown' and a 'land-value listing.' The images confirm an extremely dated and neglected condition throughout, with old, worn flooring, basic light fixtures, and an outdated wall heater. There is no evidence of major renovations in the past 50+ years. The overall state suggests the structure is beyond practical repair for modern living, aligning with the 'tear-down' criteria where value is based solely on the land for redevelopment.
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.
Significant Development Potential: Described as a 'fixer or teardown' on a generous 7503 sqft lot, offering substantial upside for remodeling, expanding, or new construction, appealing to investors and developers.
ADU Conversion Opportunity: Includes a detached 396 SF structure, ideal for conversion into an Accessory Dwelling Unit (ADU), office, or studio, significantly enhancing property value and potential rental income.
Prime Echo Park Location: Situated in a highly desirable Echo Park neighborhood, minutes from Elysian Park, Sunset Blvd, Dodger Stadium, and DTLA, ensuring strong demand and appreciation potential.
Enhanced Development Flexibility: The generous lot size combined with an irrevocable easement on a second parcel provides exceptional flexibility for future development and long-term value creation.
Valuable Off-Street Parking: Features a rare leveled parking pad, offering crucial additional off-street parking in a densely populated urban environment where parking is often scarce.

Cons

Extensive Renovation Required: The property is explicitly a 'fixer or teardown,' necessitating significant capital investment and extensive work to modernize or rebuild the existing structure.
Advanced Age of Structure: Built in 1909, the existing home is very old, likely requiring comprehensive updates to all major systems (plumbing, electrical, HVAC) and potentially structural repairs.
High Upfront Investment Beyond Purchase: As a 'land-value' listing, the purchase price is only the initial cost; substantial additional funds will be required for the envisioned transformation, renovation, or new construction.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state