3414 Gleason Avenue, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath
ACTIVE$1,175,000
3414 Gleason Avenue, Los Angeles, California 90063
0Bed
0Bath
2,000Sqft
5,293Lot
Year Built
1923
Close
-
List price
$1.18M
Original List price
$1.18M
Price/Sqft
$588
HOA
-
Days on market
-
Sold On
-
MLS number
CV25053787
Home ConditionGood
Features
Good View: City Lights
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $1.18M(96th), sqft - 2000(52th), beds - undefined(50th), baths - undefined(50th).
Here's an opportunity to own 3 units in the up-and-coming Boyle Heights area with plenty of redevelopment happening nearby. A block away to world famous El Mercadito, and a block away from the Indiana Street Metro station stop. Just 5 min away from the Arts District and all Downtown LA has to offer. Units had extensive remodel done with all new doble pane windows, new driveway, new siding, new paint, new doors and some recess lighting improved as well. Rear units receive a new roof as with substantial roof reinforcement. Front house with 3 bedrooms, 1 bath, laundry room and one car parking space was refurbished about 3 years ago. A rear duplex with 1 bedroom 1 bath each with parking for additional 3 cars. Both rear units were remodeled with new bathrooms with plumbing, and rear unit has newer kitchen and flooring and comes with a private yard and space to roam. All units are currently occupied and have individual gas and electric meters. Unknown if possible ADU allowed. Low maintenance, great potential and location
Nearby schools
3/10
Belvedere Elementary School
Public,•K-5•0.5mi
2/10
First Street Elementary School
Public,•K-6•0.6mi
4/10
Malabar Street Elementary School
Public,•K-6•0.6mi
5/10
Rowan Avenue Elementary School
Public,•K-5•0.7mi
5/10
Euclid Avenue Elementary School
Public,•K-5•0.7mi
2/10
Lorena Street Elementary School
Public,•K-5•0.8mi
/10
Amanecer Primary Center
Public,•K-2•0.9mi
5/10
Sunrise Elementary School
Public,•K-6•1.0mi
4/10
Breed Street Elementary School
Public,•K-6•1.1mi
4/10
Evergreen Avenue Elementary School
Public,•K-6•1.2mi
3/10
Sheridan Street Elementary School
Public,•K-6•1.2mi
5/10
Eastman Avenue Elementary School
Public,•K-5•1.3mi
4/10
Soto Street Elementary School
Public,•K-6•1.3mi
3/10
Harrison Street Elementary School
Public,•K-6•1.3mi
4/10
Christopher Dena Elementary School
Public,•K-6•1.3mi
4/10
Second Street Elementary School
Public,•K-6•1.4mi
/10
Garza (Carmen Lomas) Primary Center
Public,•K-2•1.5mi
2/10
Murchison Street Elementary School
Public,•K-6•1.6mi
4/10
Bridge Street Elementary School
Public,•K-5•1.7mi
4/10
Griffin Avenue Elementary School
Public,•K-5•2.4mi
4/10
Gates Street Elementary School
Public,•K-5•2.6mi
3/10
Albion Street Elementary School
Public,•K-6•2.8mi
3/10
Ann Street Elementary School
Public,•K-6•2.9mi
5/10
Ninth Street School
Public,•K-5•3.0mi
3/10
Robert Louis Stevenson Middle School
Public,•6-8•0.7mi
4/10
Belvedere Middle School
Public,•6-8•0.8mi
6/10
Hollenbeck Middle School
Public,•6-8•0.9mi
4/10
Utah Street Elementary School
Public,•K-8•1.9mi
6/10
Vernon City Elementary School
Public,•K-7•3.0mi
5/10
El Sereno Middle School
Public,•6-8•3.2mi
4/10
Chester W. Nimitz Middle School
Public,•6-8•3.4mi
5/10
Florence Nightingale Middle School
Public,•6-8•3.8mi
3/10
Henry T. Gage Middle School
Public,•6-8•4.0mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•0.8mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•1.0mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•2.1mi
7/10
James A. Garfield Senior High School
Public,•9-12•2.2mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•2.5mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•2.7mi
5/10
Maywood Academy High
Public,•9-12•3.7mi
4/10
Huntington Park Senior High School
Public,•9-12•3.7mi
5/10
Bell Senior High School
Public,•9-12•4.2mi
4/10
Elizabeth Learning Center
Public,•K-12•5.1mi
Condition Rating
Good
Despite being built in 1923, the property has undergone significant recent renovations. The description highlights an 'extensive remodel' including new double-pane windows, siding, paint, doors, and some recessed lighting. The front house was refurbished approximately 3 years ago, and the rear units feature newly remodeled bathrooms with updated plumbing, and one rear unit boasts a newer kitchen and flooring. The exterior images confirm a fresh and well-maintained appearance. While not a brand-new construction, these updates indicate the property is move-in ready with no immediate major renovations required, aligning with the criteria for a 'Good' condition score. The lack of interior images for all units prevents a higher 'Excellent' score, as a full assessment of all appliances, fixtures, and overall interior style cannot be made.
Pros & Cons
Pros
Income-Generating Triplex: The property features three occupied units with individual gas and electric meters, providing immediate and stable rental income for investors.
Strategic Location & Redevelopment Potential: Situated in the 'up-and-coming Boyle Heights area' with significant redevelopment happening nearby, offering strong appreciation potential and proximity to major cultural and business hubs like the Arts District and Downtown LA.
Excellent Transit & Local Amenities Access: Located a block from the Indiana Street Metro station and the popular El Mercadito, providing convenient public transportation and access to local shopping and dining.
Extensive Exterior & Infrastructure Renovations: Recent extensive remodels include new double-pane windows, driveway, siding, paint, doors, recess lighting, and new roofs with reinforcement on the rear units, minimizing immediate exterior capital expenditures.
Updated Unit Interiors: The front house was refurbished 3 years ago, and both rear units feature recently remodeled bathrooms with new plumbing, and one rear unit boasts a newer kitchen and flooring, enhancing tenant appeal.
Cons
Age of Property & Potential for Unaddressed Systems: Built in 1923, despite recent cosmetic and some structural renovations, the property's age suggests potential for original systems (e.g., electrical, plumbing beyond remodeled areas, HVAC) that may require future maintenance or upgrades.
Uncertainty Regarding ADU Potential: The listing explicitly states 'Unknown if possible ADU allowed,' which represents an unverified opportunity for additional income or value-add, requiring further due diligence from a buyer.
Limited Bathroom Count in Main Unit: The front house, a 3-bedroom unit, is noted as having only one bathroom, which could be a functional limitation and a potential drawback for larger families or multiple tenants.