2618 Gleason Avenue, Los Angeles, California 90033, Los Angeles, 90033 - 3 bed, 1 bath
ACTIVE UNDER CONTRACT$635,000
2618 Gleason Avenue, Los Angeles, California 90033
3Beds
1Bath
1,033Sqft
5,752Lot
Year Built
1885
Close
-
List price
$635K
Original List price
$635K
Price/Sqft
$615
HOA
-
Days on market
-
Sold On
-
MLS number
RS24200648
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $635.0K(47th), sqft - 1033(27th), beds - 3(50th), baths - 1(27th).
Welcome to 2618 Gleason Ave! This charming single-family home offers 3 bedrooms and 1 bathroom, with 1,033 sq ft of living space on a generous 5,750 sq ft lot. This large lot has great development potential to accommodate ADU's for rental income or in-law quarters. Ideally situated in a prime location, it's close to markets, restaurants, and Roosevelt High School, providing the perfect balance of comfort and convenience. The property features a spacious backyard, ideal for outdoor activities or relaxation, and plenty of parking for 4-6 cars. Don't miss this excellent investment opportunity!
Price History
Date
Event
Price
10/14/24
Listing
$635,000
06/20/11
Sold
$216,000
03/24/94
Sold
$125,000
Condition Rating
Poor
Built in 1885, this property is extremely old with no mention of significant recent renovations. The exterior, while appearing maintained, shows its age. The absence of interior photos strongly suggests that the kitchen, bathroom, and other living spaces are severely outdated, likely requiring substantial repairs, rehabilitation, and extensive system replacements (electrical, plumbing, HVAC) to meet modern standards and safety codes. The listing's emphasis on 'development potential' further indicates that the value is largely in the land, not the current condition of the structure.
Pros & Cons
Pros
Development Potential: The generous 5,750 sq ft lot offers significant development potential, including the addition of ADUs for rental income or in-law quarters.
Prime Urban Location: Ideally situated in Los Angeles, providing excellent proximity to essential amenities such as markets, restaurants, and Roosevelt High School.
Spacious Outdoor Area: Features a large backyard, ideal for outdoor activities, relaxation, and potential landscaping enhancements.
Ample Off-Street Parking: Offers substantial parking capacity for 4-6 cars, a valuable asset in a dense urban environment.
Strong Investment Opportunity: Positioned as an excellent investment due to its location, lot size, and ADU development potential.
Cons
Historic Age: Built in 1885, the property's age suggests potential for outdated systems, infrastructure, and the need for extensive renovations or maintenance.
Limited Bathroom Count: With only one bathroom for three bedrooms, this could be a functional limitation for families or multiple residents.
Lack of Scenic Views: The property does not offer any specific scenic views, which might be a consideration for buyers prioritizing vistas.