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2149 Fargo Street, Los Angeles, California 90039, Los Angeles, 90039 - 2 bed, 1 bath

2149 Fargo Street, Los Angeles, California 90039 home-pic-0
ACTIVE$848,000$1,086/sqft
Est. Value: $782,251
-7%
AboveEstimate
2149 Fargo Street, Los Angeles, California 90039
2Beds
1Bath
1,086Sqft
7,503Lot

Price Vs. Estimate

The estimated value ($782,251.245) is $65,748.755 (7%) lower than the list price ($848,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7503, living area = 1086.
Top Cons:
Extensive Renovation/Demolition Required: The existing 1909-built home is described as a 'fixer or teardown,' indicating a need for substantial capital investment and construction effort.

Compared to the nearby listings

Price:$848.0K vs avg $1.45M ($-602,000)6%
Size:1,086 sqft vs avg 1,600 sqft25%
Price/sqft:$781 vs avg $1.0K17%

More Insights

Built in 1909 (117 years old).
Condition: Built in 1909, the property is explicitly marketed as a 'fixer or teardown' and 'land-value listing.' The images confirm an extremely outdated and neglected condition throughout, including the kitchen with old cabinets, worn countertops, and ancient appliances, and the bathroom with an old vanity and fixtures. The overall structure shows significant disrepair, consistent with a property whose value is primarily in the land and its redevelopment potential, requiring demolition or extensive, costly rehabilitation.
Year Built
1909
Close
-
List price
$848K
Original List price
$848K
Price/Sqft
$781
HOA
-
Days on market
-
Sold On
-
MLS number
AR26000239
Home ConditionTear down
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

Investor, developer, or contractor? This is your Echo Park opportunity. Set on a generous 50x150 ft lot, 2149 Fargo St is a 2-bedroom, 1-bath fixer or teardown with serious upside for those looking to remodel, expand, or build new. The existing 1,086 SF home (per assessor) includes a raised foundation with a lower-level recreation room and a workshop area with plumbing access, plus a detached 396 SF structure (built in 1938) perfect for an office, studio, or future ADU. A second parcel (APN: 5422-021-005) provides an irrevocable easement and right of way, increasing development flexibility and long-term value. There's also a leveled parking pad offering rare additional off-street parking. Zoned for creativity and positioned minutes from Elysian Park, Sunset Blvd, Dodger Stadium, and DTLA, this land-value listing is priced for action and primed for transformation. Whether you’re flipping, building, or holding, the potential here is undeniable.

F
Fred Ashkar
Listing Agent
Condition Rating
Tear down
Built in 1909, the property is explicitly marketed as a 'fixer or teardown' and 'land-value listing.' The images confirm an extremely outdated and neglected condition throughout, including the kitchen with old cabinets, worn countertops, and ancient appliances, and the bathroom with an old vanity and fixtures. The overall structure shows significant disrepair, consistent with a property whose value is primarily in the land and its redevelopment potential, requiring demolition or extensive, costly rehabilitation.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7503, living area = 1086.
Development Opportunity: Explicitly marketed as a 'fixer or teardown' with 'serious upside' for remodel, expansion, or new construction, targeting investors, developers, and contractors.
Prime Echo Park Location: Situated in the highly desirable Echo Park area, minutes from Elysian Park, Sunset Blvd, Dodger Stadium, and DTLA, offering strong appreciation potential.
Generous Lot Size: A substantial 50x150 ft (7,503 sqft) lot provides ample space for significant expansion, new construction, or landscaping.
ADU Potential / Detached Structure: Includes a detached 396 SF structure perfect for an office, studio, or future Accessory Dwelling Unit (ADU), adding significant value and flexibility.
Enhanced Development Flexibility: A second parcel with an irrevocable easement and right of way increases development options and long-term value.

Cons

Extensive Renovation/Demolition Required: The existing 1909-built home is described as a 'fixer or teardown,' indicating a need for substantial capital investment and construction effort.
Outdated Structure: Built in 1909, the main residence is very old, likely requiring comprehensive updates to all systems, finishes, and potentially structural elements.
Small Existing Living Space: The current 1,086 sqft, 2-bedroom, 1-bath home is small by modern standards, necessitating expansion for most buyers seeking a primary residence.
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