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.
Sold for $1,250,000
Listed by: Re/Max Luxe • Ashkan Etemad-Sadati • Contact: 818-730-1213
Bought with: Keller Williams Realty Calabasas
$1,250,000
1226 W Gage Ave, Los Angeles, CA 90044
8beds
2,833sqft
Triplex
Built in 1921
-- sqft lot
$1,233,700 Zestimate®
$441/sqft
$4,980 Estimated rent
Home value
$1,233,700
$1.15M - $1.33M
$4,980/mo
Zestimate® history
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List your homeWhat's special
Luxury waterproof flooringDouble-pane windowsBlock wallsWhite shaker cabinetsQuartzite countertopsBrand-new hvac system
Zillow last checked:
Listing updated:
Listed by:
Ashkan Etemad-Sadati DRE #01994702 818-917-8459,
Re/Max Luxe
Bought with:
Daniel Smith, DRE #02046381
Keller Williams Realty Calabasas
Source: CRMLS,MLS#: SR23192982
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- 3/4 bathrooms: 4
- Main level bathrooms: 4
- Main level bedrooms: 8
Rooms
- Room types: Attic, Bathroom, Living Room
Kitchen
- Features: Remodeled, Self-closing Cabinet Doors, Self-closing Drawers, Updated Kitchen
Cooling
- Central Air, Heat Pump
Appliances
- Included: Dishwasher, Gas Oven, Gas Range, Microwave, Tankless Water Heater
- Laundry: Washer Hookup, Gas Dryer Hookup
Features
- Attic, Jack and Jill Bath
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total interior livable area: 2,833 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: Front
- Patio & porch: Front Porch
- Pool features: None
- Spa features: None
- Fencing: Block,Wrought Iron
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 6,336 Square Feet
- Features: Sprinklers In Rear
Details
- Parcel number: 6003033007
- Zoning: LAR2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
- Attached to another structure: Yes
Materials
- Roof: Composition
Condition
- Updated/Remodeled,Turnkey
- New construction: No
- Year built: 1921
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $441/sqft
- Tax assessed value: $1,275,000
- Annual tax amount: $15,548
- Date on market: 10/21/2023
- Cumulative days on market: 90 days
- Listing terms: Cash,Cash to New Loan,Conventional,FHA
Price history
| Date | Event | Price |
|---|---|---|
| 2/23/2024 | Sold | $1,250,000+0.9%$441/sqft |
Source:  CRMLS #SR23192982 Report a problem | ||
| 1/27/2024 | Pending sale | $1,239,000$437/sqft |
Source: CRMLS #SR23196169 Report a problem | ||
| 1/25/2024 | Listed for sale | $1,239,000+142.9%$437/sqft |
Source: CRMLS #SR23196169 Report a problem | ||
| 4/26/2022 | Sold | $510,000+2%$180/sqft |
Source: Public Record Report a problem | ||
| 3/30/2022 | Contingent | $499,900$176/sqft |
Source: CRMLS #RS22015590 Report a problem | ||
| 3/3/2022 | Listed for sale | $499,900$176/sqft |
Source: CRMLS #RS22015590 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,548 +135.5% | $1,275,000 +145.1% |
| 2024 | $6,603 0% | $520,200 |
| 2023 | $6,605 +3.9% | $520,200 +1267.1% |
| 2022 | $6,355 +705.2% | $38,052 +2% |
| 2021 | $789 -0.3% | $37,306 +1% |
| 2020 | $792 | $36,924 +2% |
| 2019 | $792 +20.2% | $36,201 +2% |
| 2018 | $658 | $35,492 +2% |
| 2017 | $658 +1.4% | $34,797 +2% |
| 2016 | $649 +5.1% | $34,115 +1.5% |
| 2015 | $618 -2.1% | $33,604 +2% |
| 2014 | $631 | $32,947 +2.5% |
| 2012 | -- | $32,157 +2% |
| 2011 | -- | $31,527 +0.8% |
| 2010 | -- | $31,292 -0.2% |
| 2009 | -- | $31,368 +2% |
| 2008 | -- | $30,754 +2% |
| 2007 | -- | $30,152 +2% |
| 2006 | -- | $29,562 |
| 2005 | -- | $29,562 +4% |
| 2004 | -- | $28,416 +1.9% |
| 2003 | -- | $27,896 +2% |
| 2002 | -- | $27,350 +4% |
| 2000 | -- | $26,290 |
Find assessor info on the county website
Neighborhood: South Los Angeles
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Nearby schools
GreatSchools rating
- 4/10Budlong Avenue Elementary SchoolGrades: K-5Distance: 0.4 mi
- 5/10John Muir Middle SchoolGrades: 6-8Distance: 0.4 mi
- 4/10Augustus F. Hawkins High A Critical Design And GamingGrades: 9-12Distance: 0.6 mi
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Estimated market value
$1,233,700
Get a cash offer in 3 minutes
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Estimated market value
$1,233,700
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