John E Burge

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Listing provided courtesy of VIP Realty California, PC- MLS# 26769931MLS Provider

850 W Gage AveLos Angeles, CA 90044

Multi-Family · 12 Beds · 4,813 Sq. ft. | 0.13 Acres
$1,695,000 Active

850 W Gage Ave Overview

Time on Site:
60 days
Visits:
0

DO NOT MISS THIS OPPORTUNITY to secure the cheapest new construction 4 unit property in the city of Los Angeles. Unbeatable price will allow you to capitalize on a 7%+ cap rate. Completing construction in 2026, this 4 unit is conveniently located on Gage and Central and is highlighted by 8 on site parking spots, SEPARATE UTILITIES FOR ALL UNITS, and a massive private back yard. Each unit comes equipped with modern brand new kitchens, open floor plans, laundry hookups, and assigned parking. All four units are perfect for roommates or families and are situated near public transportation and the 110 freeway allowing easy access to downtown LA, USC, and South Bay. Do not miss your chance to lock in to a brand new 4 unit for an unbeatable price and achieve unmatched return on investment.

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850 W Gage Ave Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,813
  • Price/Sq.ft. $352
  • Lot 0.13 Acres

Details

General

Income/Expenses

  • Gross Income: 158400
  • Net Operating Income: 118800.00

Building Information

  • Year Built: 2026

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: Los Angeles Southwest

Tax Information

  • Tax Assessed Value: 538000

General Information

  • Disclosures: None
  • Property Condition: New Construction
  • Property Type: Residential Income
  • Zoning: LARD2

Interior

Beds/Baths

  • Bathrooms Total: 8.00
  • Bedrooms Total: 12

General Information

  • Cooling: Central
  • Flooring: Laminate
  • Heating: Central
  • Levels: Multi/Split
  • Living Area: 4813
  • Living Area Source: Builder
  • Stories: 2

Exterior

Parking Information

  • Parking Total: 8

Lot Information

  • Lot Size Acres: 0.1301
  • Lot Size Area: 5669
  • Lot Size Dimensions: 45x125
  • Lot Size Source: Vendor Enhanced
  • Number Of Buildings: 2

General Information

  • Number Of Units Total: 4
  • Other Structures: None

850 W Gage Ave Neighborhood

Community

90044 (Los Angeles) Demographics

31
Median Age
19,464
Population Density (per sq. mile)
14%
College Educated
$39,434
Estimated Median Income
8,220
Estimated Total Home Owners
20,148
Estimated Total Renters
29% / 71%
Estimated Owner / Renter Divide
4
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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.

850 W Gage Ave Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

850 W Gage Ave Market Data

Based on the last 30 days in this zip code

$730,687
Average List Price
$493
Average Price per Square Foot
15
Properties Sold
117
Average Days on Market
198
Properties for Sale
Calculations provided by Reliance Network

850 W Gage Ave History

Date Event Value Agent
6/16/2026Source: CRMLS Price Reduction
$1,695,000 -5.6%
6/16/2026Source: TheMLS (CLAW) Price Reduction
$1,695,000 -5.6%
4/30/2026Source: CRMLS Added to Database
April 30, 2026
4/30/2026Source: TheMLS (CLAW) Added to Database
April 30, 2026
12/10/2024Source: CRMLS Status Change
Closed
12/10/2024Source: TheMLS (CLAW) Status Change
Sold
10/30/2024Source: CRMLS Status Change
Active Under Contract
10/30/2024Source: TheMLS (CLAW) Status Change
Active Under Contract
10/17/2024Source: CRMLS Added to Database
October 17, 2024
10/17/2024Source: TheMLS (CLAW) Added to Database
October 17, 2024
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