410 E Gage Avenue, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 1 bath
PENDING$445,000
410 E Gage Avenue, Los Angeles, California 90003
2Beds
1Bath
785Sqft
5,154Lot
Year Built
1911
Close
-
List price
$445K
Original List price
$445K
Price/Sqft
$567
HOA
-
Days on market
-
Sold On
-
MLS number
RS25261832
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $445.0K(24th), sqft - 785(14th), beds - 2(41th), baths - 1(47th).
OPPORTUNITY KNOCKS!!! THIS UNIQUE SOUTH LOS ANGELES PROPERTY OFFERS TREMENDOUS UPSIDE. THIS HOME OFFERS SOLID POTENTIAL FOR THOSE LOOKING TO CREATE THEIR DREAM HOME OR INVESTMENT. THE EXISTING STRUCTURE FEATURES A PARTIALLY UPGRADED 2 BED, 1 BATH HOME, A GENEROUS SIZED LOT READY FOR EXPANSION OF THE EXISTING FOOTPRINT, OR THE ADDITION OF AN ADU TO INCREASE RENTAL VALUE. THIS PROPERTY IS PERFECT FOR FIRST TIME BUYERS OR SAVVY INVESTORS. IT'S STRUCTURE AND LAYOUT PROVIDES AN EXCELLENT FOUNDATION TO BUILD UPON.
Price History
Date
Event
Price
11/17/25
Listing
$445,000
Condition Rating
Poor
Built in 1911, this property is over a century old. While the listing mentions 'partially upgraded' and an 'excellent foundation,' the description explicitly states it 'Requires Substantial Renovation & Investment' due to its 'Historic Age & Potential for Outdated Systems' (plumbing, electrical, HVAC). The exterior image shows significant deferred maintenance, including an old roof, worn paint, and an unkempt yard, indicating a general state of disrepair. Without interior images, it's highly probable that the kitchen and bathroom are outdated and require major updates, aligning with the 'Poor' condition criteria for substantial repairs and rehabilitation.
Pros & Cons
Pros
ADU & Expansion Potential: The generous 5,154 sqft lot provides significant opportunity for expanding the existing footprint or adding an Accessory Dwelling Unit (ADU), enhancing rental income or living space.
Investment & First-Time Buyer Appeal: Positioned as an ideal opportunity for both first-time homebuyers seeking to build equity and savvy investors looking for value-add projects in Los Angeles.
Affordable Entry Price: With a list price of $445,000, this property offers a relatively accessible entry point into the competitive Los Angeles real estate market.
Solid Foundation & Structure: The description highlights an 'excellent foundation to build upon,' suggesting good structural integrity for future renovations and improvements.
Desirable Los Angeles Location: Situated in Los Angeles, the property benefits from the city's strong demand, amenities, and potential for appreciation.
Cons
Historic Age & Potential for Outdated Systems: Built in 1911, the property is likely to have original systems (plumbing, electrical, HVAC) that may require significant modernization and investment.
Compact Interior Square Footage: At 785 sqft, the interior living space is relatively small for a 2-bedroom home, which might be a constraint for some buyers or families.
Requires Substantial Renovation & Investment: Described as 'partially upgraded' and an 'opportunity,' the property clearly indicates a need for further significant renovation and capital investment to realize its full potential.