1008 S Gage Avenue, Los Angeles, CA — listing photo 1
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FOR SALENew Listing

1008 S Gage Avenue

Los Angeles, CA 90023
6,299 Lot Sq Ft
Built 1920
$1,350,000

Property Overview

A completely renovated 3-unit property with a brand-new attached and detached ADU, offers immense flexibility to both investors and owner-users. Live in one unit and rent the others, or hold the whole property as a cash-flow investment. Pro forma GSI is ~$115,200 with a 6.0% cap. Unit mix consists of 1) Front 3-bd / 2-ba of ~1,064 sf, 2) Newly built attached ADU 2-bd / 2-ba of ~798 sf, and 3) Newly built detached ADU of 3-bd / 2-ba of ~1,200 sf. All units are individually metered and addressed, and each comes with its own laundry and appliances. Solar lease on the detached ADU can be assumed or purchased. The long driveway provides some parking spaces, and street parking is readily available. With little to no landscaping needed, operating expenses are limited to water, which can be passed through, and acute/routine maintenance. Located within 6 miles of Downtown LA, this property presents a welcoming opportunity to stake a foothold in the robust LA rental market.

Home Details

Property type
Residential Income - Triplex
Year built
1920
Lot size
6,299 sq ft
Parking
4 spaces
Stories
1
Days on market
0
MLS status
Active
Architectural style
Traditional

Features & Amenities

Interior

  • High Ceilings
  • Open Floorplan
  • Quartz Counters
  • Primary Suite
  • Walk In Closets

Appliances

  • Dishwasher
  • Gas Range
  • Refrigerator
  • Range Hood

Parking

  • Driveway

Pool

  • None

Lot

  • Two To Five Units Acre

Security

  • Carbon Monoxide Detectors
  • Smoke Detectors

Community, Schools & Utilities

Community

View
None

Utilities

Heating
Central
Cooling
CentralAir
Water
Public
Sewer
PublicSewer
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Location & Neighborhood

1008 S Gage Avenue

Los Angeles, CA 90023

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Frequently Asked Questions About 1008 S Gage Avenue

Property type: Residential Income

The current asking price is $1,350,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1008 S Gage Avenue. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1920. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Kevin Lo
MLS ID: TRKEVILO

Available property

$1,350,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.