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1226 W Gage Avenue, Los Angeles, CA 90044
$1,250,000
1226 W Gage Avenue, Los Angeles, CA 90044View this property at 1226 W Gage Avenue, Los Angeles, CA 90044
1226 W Gage AvenueLos AngelesCA90044
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Property Description
We are pleased to present this vacant 3-unit property located in the heart of South Los Angeles. The completely renovated duplex consists of two (2) 2-bedroom, 1-bath units, each just 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 flooring. 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. Potential 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.
Full Property Details
Full Property Details for 1226 W Gage Ave
General
- Sold For: $1,250,000
- Status: Closed
- Type: Multi-Family
- MLS ID: SR23196169
- Added to Site: 213 day(s) ago
Rooms
Other Rooms
- Laundry: Gas Dryer Hookup, In Kitchen, Washer Hookup
Additional Information
- Pool Description: None
Parking
- Parking Features: Driveway
- Parking: Driveway
Location
- Area: C37 - Metropolitan South
- County: Los Angeles
- Development Name: C37 - Metropolitan South
- Driving Directions: S Normandie Ave, On West Gage
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 3
- # Electric Meters: 3
Structural Information
- Entry Location: Front
- Square Feet: 2,833
- Year Built: 1921
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 4
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.1455
- Lot Size Source: Assessor
- Zoning: LAR2
- Lot Description: Sprinklers in Rear, Yard
Financial Considerations
- Price Per Sq. Ft.: $441.23
- Price Per Unit: 413000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Re/Max Luxe, Ashkan Etemad-Sadati
Sold by Keller Williams Realty Calabasas, Daniel Smith
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Schools
Schools serving 1226 W Gage Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
5940 S Budlong Ave, Los Angeles, CA 90044 | K-5 | 0.3 mi | |
5929 S Vermont Ave, Los Angeles, CA 90044 | 6-8 | 0.4 mi | |
825 W 60th St, Los Angeles, CA 90044 | 9-12 | 0.6 mi | |
10860 S Denker Ave, Los Angeles, CA 90047 | 9-12 | 3.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1226 W Gage Ave
Date
Details
Price
Change
Source
2/23/2024
Sold
$1,250,000
0.89%
MLS
1/17/2024
Price Reduced
$1,239,000
-4.62%
MLS
10/21/2023
Listed
$1,299,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1226 W Gage Avenue, Los Angeles, CA 90044 (MLS# SR23196169) is a Multi-Family property that was sold at $1,250,000 on February 23, 2024. Want to learn more about 1226 W Gage Avenue? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.