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1503 E Gage Avenue, Los Angeles, California 90001, Los Angeles, 90001 - 3 bed, 3 bath

1503 E Gage Avenue, Los Angeles, California 90001 home-pic-0
ACTIVE$625,000
1503 E Gage Avenue, Los Angeles, California 90001
3Beds
3Baths
1,412Sqft
2,366Lot
Year Built
2007
Close
-
List price
$625K
Original List price
$649K
Price/Sqft
$443
HOA
-
Days on market
-
Sold On
-
MLS number
25617073
Home ConditionGood
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $625.0K(69th), sqft - 1412(73th), beds - 3(50th), baths - 3(85th).

Price-Improved Opportunity! Welcome to this well-maintained 3-bedroom, 3-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 living 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. 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.

Price History

Date
Event
Price
12/19/25
Price Change
$625,000-3.7%
11/09/25
Listing
$649,000
Condition Rating
Good
Built in 2007, this property is 17 years old, placing it within the 'Good' category's age range. The description notes it is 'well-maintained' and features an 'updated kitchen with stainless-steel appliances,' which is confirmed by the images showing modern appliances. While the kitchen cabinets and bathroom vanities, countertops, and light fixtures are functional and clean, their style is somewhat dated and not fully contemporary. However, there are no signs of significant wear, damage, or immediate need for repairs. The flooring (laminate, carpet, tile) appears to be in good, functional condition. The property is move-in ready with well-maintained systems, aligning with the criteria for a 'Good' condition score.
Pros & Cons

Pros

Financial Incentives: The property qualifies for significant financial programs, including a Community Advantage Loan (no MI, discounted rates, 3% down) and a $20k Ladder Up grant for down payment/closing costs, making it highly accessible for eligible buyers.
Modern & Well-Maintained: Built in 2007, this home is relatively new construction, well-maintained, and features an updated kitchen with stainless steel appliances and an open, functional floor plan, reducing immediate renovation needs.
Desirable Features & Layout: The home boasts a spacious primary suite with a walk-in closet and private ensuite bath, a convenient two-car garage, and private outdoor space with a patio and side yard.
Corner Lot with City Views: Situated on a desirable corner lot, the property benefits from increased light and privacy, complemented by appealing 'City Lights' views.
Convenient Location: Centrally located in a growing South LA neighborhood, offering easy access to local coffee shops, dining, grocery stores, and larger retail centers.

Cons

Compact Lot Size: The 2,366 sq ft lot is relatively small for a single-family home, which may limit outdoor living space or future expansion possibilities for some buyers.
Recent Price Reduction: The recent price improvement from $649,000 to $625,000, while presenting an opportunity, could suggest a longer market time or initial overpricing, potentially raising buyer scrutiny.
Modest Interior Square Footage: At 1,412 sq ft for a 3-bedroom, 3-bath layout, the interior square footage is on the more compact side, which might feel limited for larger families or those desiring more expansive living areas.

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