Unlock a rare development opportunity in the heart of City Terrace Hills! Three contiguous parcels totaling 17,372 sq ft are now available, offering a prime canvas for builders and developers ready to maximize potential in a high-demand Northeast LA market.
Zoned R2, this offering is ideally suited for those looking to capitalize on density, with the potential to construct two residences per lot (buyer to verify with the City). The combined footprint allows for flexible site planning—perfect for new construction duplexes, detached homes, or a small multi-unit development.
Positioned near City Terrace Park and just minutes from USC Keck Medical Center, Cal State LA, Downtown LA, and major freeways, this location delivers both convenience and strong end-user appeal—supporting excellent resale and rental potential.
Opportunities like this—multiple adjoining parcels with true development upside—are increasingly RARE in Los Angeles! Buyer to verify zoning, density, utilities, and all development requirements.
For sale
Listed by: Redfin Corporation • Abigail Esquibel
Price cut: $150K (6/22)
$1,650,000
1024 N Gage Ave, Los Angeles, CA 90063
4beds
1,412sqft
:
Get pre-qualified$10,877/mo
Single Family Residence
Built in 1924
0.4 Acres Lot
$1,632,500 Zestimate®
$1,169/sqft
$-- HOA
What's special
- 82 days |
- 86 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Abigail Esquibel DRE #02062594 877-973-3346,
Redfin Corporation
Source: CRMLS,MLS#: BB26096301
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 4
Rooms
- Room types: Other
Cooling
- See Remarks
Appliances
- Laundry: See Remarks
Features
- Has fireplace: Yes
- Fireplace features: See Remarks
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,412 sqft
Property
Parking
- Total spaces: 4
- Parking features: See Remarks
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 0.4 Acres
- Features: Back Yard, Front Yard
Details
- Parcel number: 5230005016
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Street Lights, Suburban
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $1,169/sqft
- Tax assessed value: $46,834
- Annual tax amount: $1,404
- Date on market: 5/6/2026
- Cumulative days on market: 82 days
- Listing terms: Cash,Cash to New Loan
Estimated market value
$1,632,500
$1.55M - $1.71M
$3,126/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Price change | $1,650,000-8.3%$1,169/sqft |
Source:  CRMLS #BB26096301 Report a problem | ||
| 5/6/2026 | Listed for sale | $1,800,000$1,275/sqft |
Source: CRMLS #BB26096301 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,404 +8.1% | $46,834 +2% |
| 2024 | $1,299 +1.3% | $45,917 +2% |
| 2023 | $1,283 +3.2% | $45,018 +2% |
| 2022 | $1,243 +1.8% | $44,136 +2% |
| 2021 | $1,221 0% | $43,271 +1% |
| 2020 | $1,222 | $42,828 -86.7% |
| 2019 | $1,222 -72.2% | $322,524 +2% |
| 2018 | $4,393 | $316,200 +683.4% |
| 2017 | $4,393 +282.8% | $40,360 +2% |
| 2016 | $1,148 +3.4% | $39,569 +1.5% |
| 2015 | $1,110 +0.6% | $38,976 +2% |
| 2014 | $1,103 | $38,214 +2.5% |
| 2012 | -- | $37,297 +2% |
| 2011 | -- | $36,567 +0.8% |
| 2010 | -- | $36,294 -0.2% |
| 2009 | -- | $36,382 +2% |
| 2008 | -- | $35,669 +2% |
| 2007 | -- | $34,971 +2% |
| 2006 | -- | $34,286 |
| 2005 | -- | $34,286 +4% |
| 2004 | -- | $32,957 +1.9% |
| 2003 | -- | $32,354 +2% |
| 2002 | -- | $31,720 +4% |
| 2000 | -- | $30,490 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 90063
Nearby schools
GreatSchools rating
- 6/10Robert F. Kennedy Elementary SchoolGrades: K-6Distance: 0.5 mi
- 4/10Belvedere Middle SchoolGrades: 6-8Distance: 0.7 mi
- 3/10East Los Angeles Renaissance Academy At Esteban E. Torres High No. 2Grades: 9-12Distance: 0.7 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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