317 Gifford Avenue, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath
ACTIVE UNDER CONTRACT$500,000
317 Gifford Avenue, Los Angeles, California 90063
0Bed
0Bath
1,320Sqft
3,708Lot
Year Built
1923
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$379
HOA
-
Days on market
-
Sold On
-
MLS number
DW25183974
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $500.0K(12th), sqft - 1320(19th), beds - undefined(50th), baths - undefined(50th).
++++ FIXER, FIXER - BUYERS LOOKING FOR A RENOVATION PROJECT WITH HEAVY LIFTING DESIRED. ++++++ The property has great potential as it's located in a high demand area for housing, it is near schools, shopping, a large selection of restaurants, supermarkets, transportation, downtown L.A. business, sports and nightlife. Buy and hold it will be a great addition to your Invesment portfolio or retirement, don't miss out.
Price History
Date
Event
Price
08/14/25
Listing
$500,000
Condition Rating
Poor
Built in 1923, this property is explicitly marketed as a 'FIXER' requiring 'HEAVY LIFTING.' The images confirm a state of severe disrepair, with peeling paint, damaged walls, extremely outdated and worn kitchen appliances and cabinetry, and old, dirty flooring throughout. The overall condition suggests significant defects, making it unsafe and uncomfortable for immediate habitation. Major systems (electrical, plumbing, HVAC) are almost certainly original or very old and require complete replacement, aligning with the 'Poor' category's requirement for substantial repairs and rehabilitation.
Pros & Cons
Pros
Prime Location: Situated in a high-demand Los Angeles area, offering excellent proximity to schools, shopping, diverse dining options, public transportation, and downtown L.A.'s business, sports, and nightlife.
Strong Investment Potential: Explicitly marketed as a 'buy and hold' opportunity, indicating significant long-term appreciation potential and a valuable addition to an investment portfolio.
Income-Generating Property Type: As a duplex (Residential Income), the property inherently offers potential for rental income post-renovation, appealing to investors seeking cash flow.
Renovation Upside: The 'fixer' status in a desirable location presents a substantial opportunity for value addition and equity growth through comprehensive renovation and modernization.
Accessibility to Amenities: Its location provides convenient access to a wide array of urban amenities, enhancing its appeal to future tenants or owner-occupants.
Cons
Extensive Renovation Required: Explicitly described as a 'FIXER' requiring 'HEAVY LIFTING,' indicating a need for significant capital investment, time, and effort for rehabilitation.
Age of Property: Built in 1923, the property is likely to have outdated infrastructure, including plumbing, electrical, and potentially structural components, necessitating major upgrades.
Immediate Non-Habitability/Income: The current 'fixer' condition suggests the property may not be immediately habitable or capable of generating rental income, requiring substantial upfront costs before occupancy or revenue generation.