420 W Gage Avenue, Los Angeles, California 90003, Los Angeles, 90003 - 3 bed, 1 bath
ACTIVE$524,000
420 W Gage Avenue, Los Angeles, California 90003
3Beds
1Bath
1,404Sqft
4,870Lot
Year Built
1909
Close
-
List price
$524K
Original List price
$599K
Price/Sqft
$373
HOA
-
Days on market
-
Sold On
-
MLS number
OC25140578
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $524.0K(38th), sqft - 1404(76th), beds - 3(50th), baths - 1(48th).
City bungalow with a lot of potential! Corner location with easy freeway access and convenient location in downtown LA. Property is gated. Detached garage. Restore some 1909 charm and have a great property!
Price History
Date
Event
Price
09/20/25
Price Change
$524,000
06/23/25
Listing
$599,000
11/14/14
Sold
$290,000
06/27/14
Sold
$195,000
Condition Rating
Poor
Built in 1909, this property is over 100 years old with no indication of significant recent renovations. The listing description explicitly states 'a lot of potential!' and 'Restore some 1909 charm,' which strongly suggests the property requires substantial repairs and rehabilitation. The exterior images show an aged home with worn paint and an older roof. Without interior photos, it's highly probable that the kitchen and bathroom are original or very outdated, requiring complete renovation. Major systems (electrical, plumbing, HVAC) are also likely at or beyond their useful life. This aligns with the 'Poor' condition criteria, indicating significant defects and the need for extensive system replacements and repairs.
Pros & Cons
Pros
Strategic Urban Location: Conveniently located in Downtown LA with easy freeway access, offering excellent connectivity and proximity to urban amenities and employment centers.
Corner Lot Advantage: The property benefits from a corner location, typically providing more natural light, increased privacy, and potentially larger or more versatile outdoor space.
Gated Property & Detached Garage: Enhanced security and privacy are provided by the gated perimeter, complemented by a detached garage offering versatile use for parking, storage, or potential ADU conversion.
Historic Character & Renovation Potential: A 1909 bungalow with inherent charm, presenting a significant opportunity for a buyer to restore its historical appeal and add substantial value through renovation.
Generous Lot Size: A 4870 sqft lot provides ample outdoor space, which is a valuable asset for a single-family residence in a dense urban environment like Los Angeles.
Cons
Extensive Renovation Required: Built in 1909, the property description implies it needs significant restoration and updates, indicating a substantial investment in time and money for a buyer to modernize.
Limited Bathroom Count: With 3 bedrooms and only 1 bathroom, the property may not meet the functional needs of modern families or multiple occupants, potentially limiting its appeal and market value.
Recent Price Reduction: The property has undergone a significant price reduction from its original listing, which could suggest initial overpricing or market resistance due to its condition or other factors.