3340 Gleason Avenue, Los Angeles, California 90063, Los Angeles, 90063 - 3 bed, 3 bath
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Los Angeles, California 90063
This property presents a High-Potential Investment Opportunity with a List Price of $750,000—positioned well below the $780,198 Fair Market Value by 3%. This valuation gap offers $30,198 in Instant Equity for buyers. Featuring a 2004 construction and a versatile loft, the home has a Fair Condition Rating and requires cosmetic updates. The 4,800 sqft lot provides significant upside for value-add renovations. This is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to build equity through personalization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3340 Gleason Avenue Subject | $750,000* List Price | 3 | 3 | 1,522 | $513 | - |
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 3202 Ganahl 1 Pending | $641,000 List Price | 4 | 3 | 1,578 | $406 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2004, the property is 22 years old, placing it in the Fair category. The listing description confirms it 'needs updating and some TLC,' indicating that while functional, the kitchen, baths, and systems are likely original and dated.
Built in 2004, this residence is significantly newer than the typical housing stock in Boyle Heights and features a versatile loft that can easily be converted into a fourth bedroom.
The property presents a prime 'value-add' opportunity for buyers to build immediate equity by modernizing the interior and addressing the noted TLC requirements.
The 4,800-square-foot lot offers substantial front and backyard space, providing rare outdoor versatility and room for entertaining in a dense urban environment.
The home requires immediate updates and repairs, which will necessitate additional capital investment and time from the buyer to reach its full market potential.
Several of the closest assigned elementary and middle schools carry low performance ratings, which may be a concern for families prioritizing local academic metrics.
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.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-6 • 0.6 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,522 | 1,672 |
| Lot Size | 4,800 | 6,067 |
| Price | $750.0K | $1.37M |
| Price per sq ft | $493 | $801 |
| Built year | 2004 | 1939 |
| HOA | $0 | $348 |
| Days on market | 8 | 56 |
Jul 14, 2026
$750,000
Initial Listing
Feb 3, 2005
$320,000
Public Record
Jun 13, 2003
$500
Public Record
Nov 17, 1997
$179,000
Public Record
Oct 17, 1997
$97,000
Public Record