232 E Gage,Los Angeles, CA 90003
Los Angeles, CA 90003
Description
2023 new-construction triplex in South Los Angeles, offered at $1,695,000 and 100% leased. The property consists of a front three-story duplex and a detached two-story ADU totaling 5,218 SF on a gated R2 lot. Units A and B are each 5 bed / 4.5 bath with an en-suite bath for every bedroom, private balconies and in-unit laundry. The rear ADU is a 3 bed / 2 bath with an attached 2-car garage. Green Certified construction with central HVAC, tankless water heaters, fire sprinklers, quartz counters and stainless appliances. Separately metered; tenants pay all utilities. Block walls, electric vehicle gate and 4 parking spaces. Strong in-place income with significant upside to market rents. Not subject to LA rent control (RSO), and exempt from the AB 1482 rent cap until approximately 2038. Attached garage is a candidate for a fourth unit under California ADU law (buyer to verify). Minutes from the 110 Freeway, USC, Exposition Park and Downtown LA. Ideal for a 1031 exchange, cash investor or owner-user.
Details
| MLS # | DW26238720 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2023 |
| Days On Site | 10 |
| Listing Provided By | Real of Greater Los Angeles, Inc | Joshua Vivanco |
Features
| SQ Feet | 5,218 |
|---|---|
| Garage | 2 |
| Story(s) | 3 |
| Units | 3 |
| Building(s) | 2 |
| Acreage | 0.11 |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Open Floorplan, Quartz Counters, Recessed Lighting, Instant Hot Water |
| Appliances | Six Burner Stove, Energy Star Qualified Appliances, Energy Star Qualified Water Heater, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water To Refrigerator, Water Heater, Dryer, Washer |
| Fireplace Yes / No | No |
Exterior
| Security Features | Carbon Monoxide Detectors, Fire Sprinkler System, Security Gate, Smoke Detectors |
|---|---|
| Lot Features | Two To Five Units Acre |
| Fencing | Block, Wrought Iron |
Parking
| Parking Features | Electric Gate |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Biking, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90003 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90003) | |
Price: $1,695,000 low | high Med: $849,000 sqft: 5,218 low | high Med: 2,116 $ / sqft: $325 low | high Med: $401 On site: 10 low | high Med: 5 | |
Market Activity 90003
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90003 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90003) | |
Price: $1,695,000 low | high Med: $849,000 sqft: 5,218 low | high Med: 2,116 $ / sqft: $325 low | high Med: $401 On site: 10 low | high Med: 5 | |
$1,575,0005965 S AvalonLos Angeles, CA 90003 | |
 | $2,050,0007104 San PedroLos Angeles, CA 90003 |