410 E Gage Avenue, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 1 bath
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Los Angeles, California 90003
This Value-Add Residential Asset is listed at $485,000, representing a market-aligned entry point relative to its $470,212 Fair Market Value. Built in 1911, the structure carries a Poor Condition Rating, signaling a need for comprehensive modernization of core systems and finishes. However, the 5,154 sqft lot and ADU development potential offer significant upside for forced appreciation and increased rental yield within the Los Angeles Unified district. This property serves as a high-potential foundation for Fix-and-Flip Investors or Contractors seeking to build equity in a high-demand South Los Angeles corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 410 E Gage Avenue Subject | $485,000* List Price | 2 | 1 | 785 | $599 | - |
A 214 E 76th Place Sold | $455,000 | 4 | 1 | 855 | $532 | 0.9 mi |
B 504 E 67th Street Sold | $630,000 | 3 | 1 | 1,036 | $608 | 0.3 mi |
C 433 E 74th Street Pending | $530,000 List Price | 2 | 1 | 854 | $621 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1911, this 113-year-old property is marketed as a fixer-upper with 'solid potential.' Despite mentions of partial upgrades, the extreme age of the structure and systems, combined with the visible deferred maintenance and the need for a full rehab to be competitive, places it in the poor category.
The generous 5,154 sqft lot provides significant room for expansion of the existing footprint or the addition of an Accessory Dwelling Unit (ADU) to maximize rental income.
Positioned as a 'value-add' opportunity, the property offers a solid foundation for investors or DIY buyers to build equity through renovations and modernization.
Priced under $500,000 in the Los Angeles market, this property represents an affordable entry point for first-time homeowners or savvy investors looking for a project.
Built in 1911 and described as only partially upgraded, the structure likely requires substantial investment in core systems and modern finishes.
With only 785 square feet of living space and a discrepancy between the physical layout and tax records, the current interior is cramped and may require costly reconfiguration.
BACK ON THE MARKET SUBJECT TO CANCELLATION OF CURRENT ESCROW...OPPORTUNITY KNOCKS!!! THIS UNIQUE SOUTH LOS ANGELES PROPERTY OFFERS TREMENDOUS UPSIDE. THIS HOME OFFERS SOLID POTENTIAL FOR THOSE LOOKING TO CREATE THEIR DREAM HOME OR INVESTMENT. THE EXISTING STRUCTURE FEATURES A PARTIALLY UPGRADED 1 BEDROOM WITH A BONUS ROOM (PER ASSESSORS 2 BEDROOMS), 1 BATH HOME, A GENEROUS SIZED LOT READY FOR EXPANSION OF THE EXISTING FOOTPRINT, OR THE ADDITION OF AN ADU TO INCREASE RENTAL VALUE. THIS PROPERTY IS PERFECT FOR FIRST TIME BUYERS OR SAVVY INVESTORS. IT'S STRUCTURE AND LAYOUT PROVIDES AN EXCELLENT FOUNDATION TO BUILD UPON.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 36% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 785 | 1,096 | 14% |
| Lot Size | 5,154 | 5,184.5 | 48% |
| Price | $485.0K | $607.5K | 24% |
| Price per sq ft | $618 | $530 | 69% |
| Built year | 1911 | 1923 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 156 | 201 | 36% |
Apr 15, 2026
$485,000
$445,000
+9% Price Increase
Initial Listing
Nov 17, 2025
$445,000
Initial Listing