Listing provided courtesy of Marcus & Millichap- MLS# 25604721
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Request Info424 W Gage AveLos Angeles, CA 90003
Multi-Family · 2 Beds · 2,352 Sq. ft. | 0.11 Acres$850,000
Active
424 W Gage Ave Overview
- Time on Site:
- 262 days
- Visits:
- 0
We are is pleased to offer for sale 424 West Gage Avenue, a 6-unit apartment community located immediately west of the 110 Freeway and south of Slauson Avenue. The property boasts a Walk Score of 79 (Very Walkable), with most daily errands easily accomplished on foot.Situated on a 4,930-square-foot parcel, the property is comprised of four studios and two one-bedroom units, distributed across three buildings. It is being offered at an attractive 7.70 GRM.424 West Gage Avenue presents investors with the opportunity to acquire a stabilized, easy-to-manage asset in a dense infill pocket of South Los Angeles, supported by continued public and private investment throughout the area.
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424 W Gage Ave Facts & Features
- Type Multi-Family
- Sq. ft. 2,352
- Price/Sq.ft. $361
- Lot 0.11 Acres
Details
General
Income/Expenses
- Gross Income: 110357
- Net Operating Income: 50471.00
Building Information
- Year Built: 1923
Location/Region
- Country: US
- County Or Parish: Los Angeles
- MLS Area Major: Downtown L.A.
Tax Information
- Tax Assessed Value: 568911
General Information
- Disclosures: None
- Property Type: Residential Income
- Zoning: LAR4
Interior
Beds/Baths
- Bathrooms Total: 6.00
- Bedrooms Total: 2
General Information
- Cooling: Other
- Heating: Other
- Levels: One
- Living Area: 2352
- Living Area Source: Assessor
- Stories: 1
Exterior
Parking Information
- Parking Total: 0
Lot Information
- Lot Size Acres: 0.1132
- Lot Size Area: 4930
- Lot Size Dimensions: 40x123
- Lot Size Source: Assessor
- Number Of Buildings: 3
General Information
- Number Of Units Total: 6
- Other Structures: None
424 W Gage Ave Neighborhood
Community
90003 (Los Angeles) Demographics
29
Median Age
20,870
Population Density (per sq. mile)
10%
College Educated
$42,220
Estimated Median Income
4,717
Estimated Total Home Owners
12,825
Estimated Total Renters
27% / 73%
Estimated Owner / Renter Divide
4
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.424 W Gage Ave Monthly Cost
424 W Gage Ave Market Data
Based on the last 30 days in this zip code
$629,258
Average List Price
$499
Average Price per Square Foot
19
Properties Sold
133
Average Days on Market
145
Properties for Sale
424 W Gage Ave History
| Date | Value | Agent |
|---|---|---|
| 1/16/2026Source: CRMLS | $850,000 -5.6% |
|
| 1/16/2026Source: TheMLS (CLAW) | $850,000 -5.6% |
|
| 10/10/2025Source: CRMLS | October 10, 2025 |
|
| 10/10/2025Source: TheMLS (CLAW) | October 10, 2025 |
|
| 10/9/2025Source: CRMLS | October 09, 2025 |