3340 Gleason Avenue, Los Angeles, California 90063, Los Angeles, 90063 - 3 bed, 3 bath
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3340 Gleason Avenue
Los Angeles, California 90063
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,522Sq Ft
4,800Lot Size
Property Price
LIST PRICE$699,999
EST. MARKET VALUE
$716,628
SUMMARY
This 2004-built Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $699,999—positioned well below the $716,629 Fair Market Value by 2%. This valuation gap offers $16,630 in Instant Equity. Featuring a Condition Rating of 4, the property requires cosmetic updates, yet the 4,800 sqft lot and convertible loft provide significant value-add potential. Located near multiple schools, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build equity through strategic modernization.
Estimated Market Value
$716,628
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 |
|---|---|---|---|---|---|---|
★ 3340 Gleason Avenue Subject | $699,999* List Price | 3 | 3 | 1,522 | $471 | - |
A 3216 Eagle Sold | $800,000 | 5 | 2 | 1,687 | $474 | 0.3 mi |
B 3724 Folsom St Sold | $660,000 | 3 | 2 | 1,200 | $550 | 0.8 mi |
C 1023 Sentinel Avenue Sold | $500,000 | 2 | 1 | 980 | $510 | 1.0 mi |
D 1059 N Hicks Ave Active | $600,000 List Price | 3 | 2 | 1,280 | $469 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2004, this 22-year-old property is in original condition and requires cosmetic updates. The kitchen features dated oak cabinetry and tile countertops, and the interior shows significant wear on the carpets. The listing explicitly states the home needs TLC and updating, fitting the criteria for a property over 20 years old needing minor repairs and modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Construction
Built in 2004, this property is significantly newer than the typical housing stock in Boyle Heights, offering modern building standards and a functional two-story floor plan.
- Value-Add Potential
The upstairs loft provides a versatile space that can be easily converted into a fourth bedroom or home office, allowing buyers to immediately increase the home's utility and equity.
- Generous Lot Size
The 4,800-square-foot lot offers substantial front and backyard space, a premium feature in this urban Los Angeles pocket that provides excellent opportunities for outdoor living and landscaping.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The property requires updating and 'TLC,' indicating that buyers will need to invest additional capital for cosmetic and functional repairs to bring the home to modern standards.
- Market Stagnation
With 38 days on the market and a recent $50,000 price reduction, the property has faced initial challenges in attracting a buyer at its original valuation relative to its current condition.
About 3340 Gleason Avenue
Welcome to this spacious two-story home featuring 3 upstairs bedrooms, 2.5 bathrooms, a spacious kitchen, and a comfortable living room that's perfect for everyday living and entertaining. Upstairs, you'll also find a loft that offers the potential to be converted into a 4th bedroom, home office, or bonus room. The home offers a functional layout and sits on a generously sized lot with plenty of front and backyard space for outdoor enjoyment.The property has great bones and an excellent floor plan but needs updating and some TLC, making it a wonderful opportunity for buyers looking to personalize a home and build equity. Conveniently located near schools, shopping, parks, dining, and major freeways. Don't miss this opportunity to transform this property into your dream home or a great investment.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2004
- Lot Size
- 4,800 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Belvedere Elementary School
Grades K-5 • 0.5 mi
3/10
First Street Elementary School
Grades K-6 • 0.6 mi
2/10
Malabar Street Elementary School
Grades K-6 • 0.6 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,522 | 1,664.159 |
| Lot Size | 4,800 | 6,066.556 |
| Price | $700.0K | $1.35M |
| Price per sq ft | $460 | $806 |
| Built year | 2004 | 1939 |
| HOA | $0 | $278 |
| Days on market | 57 | 55 |
Pricing History
Listed for Sale
Aug 4, 2026
$699,999
$750,000
-7% Price Drop
Initial Listing
Price Change
Jul 14, 2026
$750,000
Initial Listing
Sold
Feb 3, 2005
$320,000
Public Record
Sold
Jun 13, 2003
$500
Public Record
Sold
Nov 17, 1997
$179,000
Public Record
Sold
Oct 17, 1997
$97,000
Public Record