1503 E Gage Avenue, Los Angeles, California 90001, Los Angeles, 90001 - 3 bed, 3 bath
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Los Angeles, California 90001
This Modern Single-Family Residence is a Strong Value Opportunity, listed at $599,999—positioned well below the $661,492 Fair Market Value by 9%. This valuation gap offers $61,493 in Instant Equity for the buyer. The property is in Good Condition, featuring a functional open floor plan, stainless-steel appliances, and a private patio. With access to specialized financing like the Ladder Up grant, this is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a modern, move-in ready asset in a growing market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1503 E Gage Avenue Subject | $599,999* List Price | 3 | 3 | 1,412 | $468 | - |
A 1637 E Gage Avenue Active | $690,000 List Price | 3 | 3 | 1,412 | $489 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007 (17 years old), this property falls within the 10-20 year range for a 'Good' rating. The kitchen and bathrooms are functional and well-maintained with stainless steel appliances, though the cabinetry and fixtures reflect the original construction era. The home appears move-in ready with no major visible defects.
Built in 2007, this home is significantly newer than the typical area inventory, offering a contemporary open floor plan and an updated kitchen with stainless-steel appliances.
The property qualifies for the Community Advantage Loan and a $20,000 Ladder Up grant, providing buyers with discounted interest rates and significant down payment assistance.
The corner lot positioning enhances natural light and curb appeal, while the interior features a spacious primary suite with a walk-in closet and a convenient two-car garage.
With a lot size of only 2,366 sqft, the outdoor space is restricted to a small patio and side yard, which may not appeal to buyers seeking a large backyard.
Situated on Gage Avenue, the property is subject to higher urban density and street noise, which could be a drawback for those seeking a quiet suburban environment.
Opportunity! Welcome to this great 3-bedroom, 2.5-bath single family home situated on a desirable corner lot in the Florence-Graham. Built in 2007, this 1,412 sq ft residence features an open and functional floor plan with a bright area and an updated kitchen with stainless-steel appliances, perfect for everyday living and entertaining. The spacious primary suite offers a walk-in closet and private ensuite bath, while the additional bedrooms provide flexibility for guests, home office, or family needs. Enjoy private outdoor space with a patio and side yard, ideal for relaxing or entertaining plus the convenience of a two-car garage. Centrally located with easy access to local coffee shops, dining, and grocery stores, and just minutes from larger retail centers such as Plaza La Alameda. A great opportunity for first-time buyers or investors seeking modern comfort, functionality, and value in a growing South LA neighborhood. No HA. Property qualifies for Community Advantage Loan Program (No Mortgage Insurance, Discounted Interest Rates in the 5's, 3% Down Payment). Also qualifies for Ladder Up program to receive $20k grant for Down Payment or Closing Costs.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 89% |
| Square foot | 1,412 | 1,106 | 83% |
| Lot Size | 2,366 | 5,100.5 | 3% |
| Price | $600.0K | $595.0K | 50% |
| Price per sq ft | $425 | $549 | 14% |
| Built year | 2007 | 1927 | 94% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 193 | 3% |
May 18, 2026
$599,999
Initial Listing