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$1,239,000   Price Analysis
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1226 W Gage Ave
Los Angeles, CA 90044
8 bed 4 bath 2,833 SqFt ($437/SqFt)
6,336SqFt lot. Built 1921
Listed 2023-10-21, Taxes $808
Ⓧ USDA Ineligible
due to price & location

near Westmont

We are pleased to present this vacant 3-unit property located in the heart of South Los Angeles.

* No Longer For Sale *
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The completely renovated duplex consists of two (2) 2-bedroom, 1-bath units, each over 800 square feet and one (1) detached 1200-square-foot brand-new construction accessory dwelling unit with 4 bedrooms and 2 baths. Each unit is equipped with a brand-new HVAC system, double-pane windows, a tankless water heater and washer/dryer hook-ups. All units feature white shaker cabinets, quartzite countertops, stainless steel appliances and luxury waterproof fl ooring.

Each unit has its separate gas and electric meters. A paid-off solar system has been installed on the ADU. There is a long driveway that can accommodate 4-5 cars. The lot perimeter is secured with block walls and a wrought-iron gate. Ptential gross rents can range from $9, 000 to $10, 000, achieving a high cap rate. It's conveniently located near public transportation and major freeways.


Presented by Ash Ghavami at
RE MAX Luxe.
Listing Agent Photo

Property MLS #SR23192982 from CRMLS

Bedrooms: 8
Bedrooms On Main Level: 8

Total Bathrooms: 4
3/4 Bathrooms: 4
Bathrooms On Main Level: 4

Kitchen Appliances: Dishwasher, Gas Oven, Gas Range, Microwave, Tankless Water Heater
Appliances YN: Yes
Laundry Features: Gas Dryer Hookup, Washer Hookup

Attic, Jack & Jill, Living Room

Cooling Features: Central Air, Heat Pump

Kitchen Features: Remodeled Kitchen, Self-closing cabinet doors, Self-closing drawers

Fencing: Fence YN: Yes, Fencing: Block, Wrought Iron
Patio And Porch Features: Patio YN: Yes, Patio And Porch Features: Front Porch

Lot Description: Sprinklers In Rear
Lot Size Acres: 0.1454545
Lot Size Source: Assessor
Lot Size Square Feet: 6336

View: Neighborhood

Number of Units: 3

School District: Los Angeles Unified

Budlong Avenue Elementary School is a public elementary school located approximately 0.4 miles away.
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John Muir Middle School is a public middle school located approximately 0.4 miles away.
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Augustus F. Hawkins High A Critical Design And Gaming is a public high school located approximately 0.6 miles away.
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Normandie Christian Of Los Angeles is a private elementary school located approximately 0.2 miles away.
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Calculated Total Monthly Association Fees: 0

Community Features: Curbs, Sidewalks

Source Listing Status: Closed
County: Los Angeles
Directions: South on Normandie Ave, West Gage Ave
Source Property Type: Residential
Area: C23 - Metropolitan
Property Subtype: townhouse
Source Neighborhood: C23 - Metropolitan
Parcel Number: 6003033007
Postal Code Plus 4: 2732
Zoning: LAR2
Property Subtype: Triplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$12,445 + $25,607
$38,052
$808
2021$12,201 + $25,105
$37,306
$789
2020$12,076 + $24,848
$36,924
$791
2019$11,840 + $24,361
$36,201
$774
2018$11,608 + $23,884
$35,492
$658
2017$11,381 + $23,416
$34,797
$649
2016$11,158 + $22,957
$34,115
$618
2015$10,991 + $22,613
$33,604
$612
2014$10,776 + $22,171
$32,947
$631
2013$10,728 + $22,071
$32,799
$625
2012$10,518 + $21,639
$32,157
$632
2010$10,312 + $21,215
$31,527
$637
2009$10,260 + $21,108
$31,368
$612
2009$10,235 + $21,057
$31,292
$612
2008$10,059 + $20,695
$30,754
$596
2007$9,862 + $20,290
$30,152
$574

Sold 2024-02-23
$1,250,000
CRMLS
Relisted 2024-01-25
$1,239,000
CRMLS
Relisted 2024-01-25
$1,239,000
CRMLS
Listing removed 2024-01-23
$0
CRMLS
Listing removed 2024-01-23
$0
CRMLS
Price Changed 2024-01-17
$1,239,000
CRMLS
Price Changed 2024-01-17
$1,239,000
CRMLS
Listed 2023-10-21
$1,299,000
CRMLS
Listed 2023-10-21
$1,299,000
CRMLS
Sold 2022-04-26
$510,000
CRMLS

Total Square Feet Living: 2833
Year Built: 1921
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: Front
Living Area Source: Plans
Property Age: 103
Property Attached: Yes
Property Condition: Turnkey, Updated/Remodeled
Roof: Composition
Levels or Stories: One
Building Total Stories: 1
Structure Type: Triplex
Year Built Source: Assessor

Sewer: Public Sewer
Water Source: Public

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.