114 East Gage Avenue, Los Angeles, CA 90003

$550,000

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List Price
$550,000
Status
ACTIVE
MLS#
DW26213329
Year Built
1925
Lot Size
4,976
Acres
0.11
Lot Location
0-1 Unit/Acre
Days on Market
0
Property Type
Multifamily
Property Sub Type
Duplex

Property Description

Unlock the potential of this strategically positioned duplex near Gage Ave & Main St. With two separate water meters, brand-new electrical panels, and updated electrical throughout, much of the infrastructure work is already in place—giving a strong foundation for future improvements and value creation. The property features a large rear lot with potential to expand or additional development, along with alley access that provides added convenience for parking and future use of the property. Whether you're looking to renovate and increase rental income, add additional living space, develop the property, or occupy one unit while generating income from the other, this property offers multiple possibilities. Conveniently located just minutes from major freeways, shopping centers, and everyday amenities, this is an opportunity to acquire a duplex with both immediate functionality and long-term upside. Bring your vision and unlock the potential—properties with this kind of value-add opportunity are not to be overlooked. Separate utilities • New electrical panels • Updated electrical • Large rear lot • Alley access • Additional development • Expansion opportunities • Income-producing duplex.

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
2
Gross Scheduled Income
$1,755

Listing courtesy of Listing Agent: Alberto Sanchez (albertsanchez54@gmail.com) from Listing Office: Century 21 Allstars.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.