424 W Gage Avenue Los Angeles, CA $ 850,000
424 W Gage Avenue
$ 850,000
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424 W Gage Avenue

Los Angeles, CA, 90003
$ 850,000
Bedrooms2 Baths1.0 Sq 2,352

Monthly Estimate*

$ 5,234

Listed by Marcus & Millichap
424 W Gage Avenue, Los Angeles, CA 90003 - Image 1
424 W Gage Avenue, Los Angeles, CA 90003 - Image 2
424 W Gage Avenue, Los Angeles, CA 90003 - Image 3
424 W Gage Avenue, Los Angeles, CA 90003 - Image 4
424 W Gage Avenue, Los Angeles, CA 90003 - Image 5
424 W Gage Avenue, Los Angeles, CA 90003 - Image 6
424 W Gage Avenue, Los Angeles, CA 90003 - Image 7
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Multi-Family Home for sale in Los Angeles, CA

for $850,000 with 2 bedrooms and 1 full bath. This 2,352 square foot home was built in 1923 on a lot size of 0.1132.

We are is pleased to offer for sale 424 West Gage Avenue, a 6-unit apartment community located immediately west of the 110 Freeway and south of Slauson Avenue. The property boasts a Walk Score of 79 ("Very Walkable"), with most daily errands easily accomplished on foot.Situated on a 4,930-square-foot parcel, the property is comprised of four studios and two one-bedroom units, distributed across three buildings. It is being offered at an attractive 7.70 GRM.424 West Gage Avenue presents investors with the opportunity to acquire a stabilized, easy-to-manage asset in a dense infill pocket of South Los Angeles, supported by continued public and private investment throughout the area.

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Multi-Family Active

Price

$ 850,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1132

Year Built

1923

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

25604721

Days on Market

103

Features
General
Living Area 2352
Zoning LAR4
Year Built 1923
Stories Count 1
Levels One
Gross Income 110357
County Los Angeles
Net Operating Income 50471
New Construction false
Property Type Residential Income
HOA false
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions West of the 110 Freeway and South of Slauson Avenue
City Los Angeles
Senior Community Y/N false
Number Of Units Total 6
MLS Area C42 - Downtown L.A.
Lot Size Units Square Feet
Lot Size Square Feet 4930
Standard Status Active
Year Built Source Assessor
Cap Rate 5.94
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Interior
Total Stories 1
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 2
Total Baths 6
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Exterior
Parking Features None
Total Parking 0
Lot Size Area 4930
Number of Buildings 3
Building Area Total 2352
Lot Dimensions 40x123
Lot Size Acres 0.1132
Lot Size Source Assessor
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* Excluded Features
List By
Marcus & Millichap

Broker

thesrgroup@marcusmillichap.com

Email

Affordability Calculator

$5,234
Per Month
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Monthly Principal & Interest
$5,234
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/16/2026$850,000 -5.56% Price Down
11/20/2025$900,000 Listed Price

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424 W Gage Avenue, Los Angeles, CA, 90003 is a Multi-Family Home for sale at $850,000 with 2,352 sqft and a lot size of 0.1132. 424 W Gage Avenue has 2 bedrooms, 1.0 baths, and was built in 1923. The property's zip code is 90003 which is in Los Angeles, CA