A completely renovated 3-unit property with a brand-new attached and detached ADU, offers immense flexibility to both investors and owner-users. Live in one unit and rent the others, or hold the whole property as a cash-flow investment. Pro forma GSI is ~$115,200 with a 6.0% cap. Unit mix consists of 1) Front 3-bd / 2-ba of ~1,064 sf, 2) Newly built attached ADU 2-bd / 2-ba of ~798 sf, and 3) Newly built detached ADU of 3-bd / 2-ba of ~1,200 sf. All units are individually metered and addressed, and each comes with its own laundry and appliances. Solar lease on the detached ADU can be assumed or purchased. The long driveway provides some parking spaces, and street parking is readily available. With little to no landscaping needed, operating expenses are limited to water, which can be passed through, and acute/routine maintenance. Located within 6 miles of Downtown LA, this property presents a welcoming opportunity to stake a foothold in the robust LA rental market.
Property Details
Price:
$1,350,000
MLS #:
TR26232019
Status:
Active
Beds:
8
Baths:
6
Type:
Single Family
Subtype:
Triplex
Neighborhood:
boyhboyleheights
Listed Date:
Oct 31, 2026
Finished Sq Ft:
3,064
Lot Size:
6,299 sqft / 0.14 acres (approx)
Year Built:
1920
See this Listing
Schools
School District:
Los Angeles Unified
Interior
Appliances
Gas Range
Bathrooms
6 Full Bathrooms
Cooling
Central Air
Flooring
Vinyl
Heating
Central
Interior Features
Quartz Counters, High Ceilings, Open Floorplan
Laundry Features
Gas Dryer Hookup, Laundry Closet, Washer Hookup
Levels
One
Main Level Bathrooms
6
Main Level Bedrooms
8
Exterior
Architectural Style
Traditional
Common Walls
End Unit, 1 Common Wall
Community Features
Street Lights, Sidewalks
Construction Materials
Stucco
Fencing
Vinyl, Wrought Iron
Lot Features
Lot 6500-9999, Level
Open Parking YN
1
Parking Features
Driveway
Patio And Porch Features
Concrete
Roof
Asphalt
Spa Features
None
Stories
1
View
None
Window Features
Double Pane Windows
Financial
Map
Community
- Address1008 S Gage Avenue Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90023
Subdivisions in Los Angeles
- #5666 lot 114
- 12471
- 27003
- 32524
- ARLINGTON HEIGHTS TERRACE SUBDIVISION NO. 1
- Bel Air
- BEL AIR CREST
- Biscuit Company Lofts
- Brentwood Country Estates
- Bungalow Land
- Canyon Shores
- Cedar Lodge
- Culver District 16
- Doheny Estates
- Downtown
- Elysian Valley
- Floristan Hts
- Glen Terrace
- Gramercy Park
- Hacienda Tularosa
- Highland Park Extension
- Hollywood Dell
- Koreatown, Los Angeles
- Lago Vista
- Las Collinas Heights
- LE MOYNE TERRACES TRACT NO. 2
- Los Angeles Southwest C 34
- Lucile Court
- Metropolis
- Metropolis Residences
- Nelavida
- North Burbank Blvd./ South Oxnard St./ West Vinela
- Not Applicable – 1007242
- Not Applicable-105
- Ocean Park Villa
- OTHR
- Outpost Estates
- Palisades Country Estates
- Park Place
- Picfair Village
- Pickford Court
- Savoy
- Silver Strand
- Subdivision Name / Tract: 5609
- The Hollywood Residences
- THE LONGFORD
- The Los Feliz Oaks
- The Ritz Carlton Residences
- The Sanborn Collection
- TRACT NO 28826 CONDOMINIUM UNIT 6
- Tract No. 10636
- Tract No. 8131
- Tract. No. 1033
- Walter’s Moneta Ave and Figueroa St Tract
- Westmont WMON
- Winton & McLeods Figueroa Tract
Market Summary
Current real estate data for Single Family in Los Angeles as of Nov 02, 2026
5,436
Single Family Listed
97
Avg DOM
523
Avg $ / SqFt
$1,961,691
Avg List Price
Property Summary
- 1008 S Gage Avenue Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90023. It is listed for $1,350,000 and features 8 beds, 6 baths, and has approximately 3,064 square feet of living space, and was originally constructed in 1920. The current price per square foot is $441. The average price per square foot for Single Family listings in Los Angeles is $523. The average listing price for Single Family in Los Angeles is $1,961,691.
Similar Listings Nearby
1008 S Gage Avenue
Los Angeles, CA


