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2618 Gleason, Los Angeles, CA
Unlock the potential of this promising investment opportunity in the heart of Boyle Heights. 2618 Gleason Ave offers a rare chance to secure property in one of Los Angeles’ most rapidly evolving neighborhoods, just minutes from Downtown LA, USC Medical Center, Arts District, and major transit corridors. Sitting on a generous lot, this property provides excellent upside for investors seeking value-add potential. Whether you’re looking to renovate, expand, or reimagine the space entirely, the location and strong foundation are perfect for long-term growth. The surrounding area continues to benefit from ongoing revitalization, increasing demand for quality housing and rental units. With convenient access to freeways, public transportation, schools, and local amenities, this address appeals to both renters and future homeowners. Opportunities at this price point in such a central location are becoming increasingly rare, making this a smart acquisition for investors focused on appreciation and cash-flow potential. Ideal for: buy-and-hold investors, developers, flippers, or anyone looking to capitalize on LA’s strong rental market and neighborhood growth.
Property Type
SingleFamilyResidence
Year Built
1885
Lot Size
5,752 sqft
Price / Sqft
$620
Days on Market
1 days
Full Baths
1
HOA
None
MLS #
1157748174
Listing Type
Residential
Market
CRMLS
District
Los Angeles Unified
2618 Gleason, Los Angeles, CA 90033 — Los Angeles County
Patricia Fusilier
Coldwell Banker Envision
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How this home compares across city, state, and national benchmarks
Listed at $640,000, this 3-bed SingleFamilyResidence in Los Angeles is 27% below the Census median home value of $879,500 for Los Angeles. Compared to 200 other 3-bed homes in Los Angeles (averaging $1,531,383), this property is 58% below average. California's median home value is $655,112, putting this listing 2% below the state benchmark. The U.S. national median home value is $334,900.
Where this listing falls among 584 homes for sale
Standout Features
Above Average
Los Angeles has a population of 3,857,897 with a median household income of $80,366 and a homeownership rate of 36.3%. The median home value is $879,500 and the median rent is $1,879/mo.
Sources: U.S. Census Bureau ACS 2023, Fizbo listing data