1065 N Gage Avenue, Los Angeles, California 90063, Los Angeles, 90063 - 2 bed, 1 bath
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Los Angeles, California 90063
This property presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $480,895 Fair Market Value by -3%. While the home carries a Condition Rating of 5, the inclusion of a Basement and a 6,048 sqft Lot provides significant scope for expansion and forced appreciation. Given the requirement for cash or hard money financing, this asset is strictly for those prepared to execute a comprehensive renovation. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1065 N Gage Avenue Subject | $499,000* List Price | 2 | 1 | 898 | $536 | - |
A 1129 N Alma Sold | $540,000 | 3 | 2 | 792 | $682 | 0.4 mi |
B 1023 Sentinel Avenue Sold | $500,000 | 2 | 1 | 980 | $510 | 0.6 mi |
C 472 N Ezra Street Sold | $625,000 | 4 | 2 | 990 | $631 | 0.7 mi |
D 954 Geraghty Avenue Active | $599,000 List Price | 4 | 3 | 1,032 | $580 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1924 and explicitly described as a 'true fixer-upper' that is not financeable through traditional lending, this property likely has major structural or system defects. The 100-year-old structure requires a full rehab of the kitchen, bath, and systems (HVAC/Electric) to meet modern safety standards.
As a true fixer-upper in a quiet neighborhood, this property offers incredible upside for investors or homeowners looking to build equity through renovation or redevelopment.
The rare inclusion of a basement provides a unique opportunity to increase the total square footage and bed/bath count, significantly enhancing the property's future market value.
The 6,048 square foot lot offers ample space for potential expansion of the existing footprint or the addition of outdoor amenities in a desirable East Los Angeles location.
The property's current condition makes it ineligible for traditional lending, limiting the buyer pool strictly to cash offers or hard money financing.
The home is in need of significant repairs and modernization, requiring a substantial upfront capital investment and a comprehensive construction timeline.
This investor special is a true fixer-upper with incredible upside potential, offering a rare opportunity for cash buyers or hard money investors looking to add value. The property is currently functioning as a two-bedroom, one-bathroom home located on a quiet street in a nice neighborhood with strong future upside. While the home needs work and is not financeable through traditional lending, it presents the perfect canvas for renovation, expansion, or redevelopment. One of the standout features is the BASEMENT area, which adds flexibility and potential for increased square footage and bed and bath count. Whether you are an investor looking to maximize rental income and resale value or a homeowner seeking a project with long-term equity potential, this property offers endless possibilities. Cash offers only or hard money financing due to the condition of the home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 38% |
| Baths | 1.0 | 2.0 | 45% |
| Square foot | 898 | 1,064 | 30% |
| Lot Size | 6,048 | 4,901 | 79% |
| Price | $499.0K | $650.0K | 15% |
| Price per sq ft | $556 | $621 | 34% |
| Built year | 1924 | 1925 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 184 | 2% |
May 21, 2026
$499,000
Initial Listing
May 8, 1997
$128,000
Public Record
Sep 17, 1996
$90,000
Public Record