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1008 S Gage Ave , Los Angeles, CA 90023
$1,350,000
Est. Payment: $7,094.83/mo
8 Bed
6 Bath
3064 Sqft
0.14 Acres
Status: active | Days on site: 5
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PB19489 - TRKEVILO,TRCHENLAW
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Chris Heller
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House Description

This 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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Highlights

Listed by Kevin Lo , 626-240-1188 and Lawrence Chen , 6262571748 Exp Realty of California Inc , 888-584-9427. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.14

Year Built

1920

County

Los Angeles

Area

BOYH - Boyle Heights

Listing ID

TR26232021

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:8
  • ▪ Bathrooms:6
Appliances:Dishwasher, Gas Range, Refrigerator, Range Hood
Air Cond:Central Air
Fireplaces:
Floor:Vinyl
Other:
  • ▪ Additional:High Ceilings, Open Floorplan, Quartz Counters, Primary Suite, Walk-In Closet(s)
Water:Public

Exterior Features

Lot:2-5 Units/Acre,No Land Lease
Garage Capacity:4
Roof:Asphalt
Others:
  • ▪ Additional:Concrete, Stucco, 2+ Total Units, Has ADU
Sewer:Public Sewer
Parking Features:Driveway
Principal Interest
$7,095
Taxes
$861

Home Price

$1,350,000

Loan Details

30 yrs
6.875%

Down Payment

20%
$270,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,094.83

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,094.83 $860.63 $0.00 $7,955.46
Yearly $85,137.97 $10,327.50 $0.00 $95,465.47
Total $2,554,139.23 $309,825.00 $0.00 $2,863,964.23

Today's Rates

30 Year

6.88%

20 Year

6.86%

15 Year

6.33%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-06T23:30:37.000Z

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