1008 S Gage Avenue

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Address: 1008 S Gage Ave, Los Angeles, CA 90023, USA

California & West + 2-4 Units

Created date: October 31, 2026

Date last updated: October 31, 2026

Price: $1,350,000Investment Analyzer NEW!

Property Description

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.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	2-4 Units
Price:	$1,350,000
No. of Units:	3
Year Built:	1920
Opportunity Zone:	No
Price per unit:	$450,000
Number of Bedrooms:	8
Number of Bathrooms:	6

Address: 1008 S Gage Avenue, Los Angeles, CA 90023, USA

Provided by:

Standard Status: Active

MLS Listing Number: TR26232021
ID: 3yd-MRMLSCA-TR26232021

Copyright Disclaimer: Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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