1672 Gail, Los Angeles, California 90031, Los Angeles, 90031 - 3 bed, 2 bath
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1672 Gail
Los Angeles, California 90031
ACTIVE
CONDITION: TEAR DOWN
3Beds
2Baths
1,324Sq Ft
4,829Lot Size
Property Price
LIST PRICE$900,000
EST. MARKET VALUE
$826,531
8% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $900,000—positioned above the $826,531 Fair Market Value by 8%. While the property requires capital investment due to its Fair Condition Rating, the Dual-Unit Income Potential on a 4,829 sqft corner lot provides significant value-add upside. Located in the high-demand Frogtown neighborhood, this asset is ideal for Buy-and-Hold Investors or Contractors seeking to capitalize on the area's strong rental demand and development potential.
Estimated Market Value
$826,531
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1672 Gail Subject 3 bd · 2 ba · 1,324 sqft · $624 | $900,000* List Price | 3 | 2 | 1,324 | $624 | - |
A 2446 Meadowvale Sold 2 bd · 1 ba · 1,041 sqft · $696 · 0.6 mi | $725,000 | 2 | 1 | 1,041 | $696 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1946 and owned by the same family for over 50 years with no evidence of renovations. The listing explicitly markets the property as a 'Development opportunity,' indicating the structures are likely at the end of their functional life and the value lies in the land.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Income Potential
The property features two separate houses on a single lot, providing a rare opportunity for rental income, multi-generational living, or a dedicated live/work environment.
- Prime Frogtown Location
Situated in the highly desirable Frogtown neighborhood near the LA River and Dodger Stadium, the property offers excellent proximity to trendy dining and downtown Los Angeles.
- Development Upside
Located on a corner lot and marketed as a development or remodel opportunity, this property offers significant value-add potential for investors or builders.
CONSRISKS & DEFICIENCIES
- Tenant Occupancy
The property is being sold with month-to-month tenants in place, which may complicate immediate possession for owner-occupants or delay construction timelines.
- Likely Deferred Maintenance
Having been in the same family for over 50 years and sold as a remodel opportunity, the 1946 structures likely require substantial capital investment for modernization.
About 1672 Gail
RARE two houses on a lot. Front home is two bed one bath and back home is one bed one bath. Development or Remodel opportunity! This property will be sold with month to month Tenants in place. Located in the hip happenin Frogtown neighborhood close to LA River where you can bike and dine at Spoke restaurant! Close to world champs Dodger stadium . Right in the heart of the City where you have all the conveniences of being close to downtown LA. Residents of this area enjoy having rental income from their second home located on a corner lot. This property is also ideal for a live / work lifestyle. Homes in the area are charming as they were built in the 1940s offering loads of character and design elements shown in that era. This property has been in the same family for over 50 years! It’s a treasure! Hurry !
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1946
- Lot Size
- 4,829 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,324 | 1,670.836 |
| Lot Size | 4,829 | 6,152.156 |
| Price | $900.0K | $1.34M |
| Price per sq ft | $680 | $807 |
| Built year | 1946 | 1941 |
| HOA | $0 | $238 |
| Days on market | 11 | 56 |
Pricing History
Listed for Sale
Oct 29, 2026
$900,000
Initial Listing