1000 S Gage, East Los Angeles, California 90023, East Los Angeles, 90023 - 6 bed, 3 bath
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East Los Angeles, California 90023
This Residential Income Triplex is a strategic asset listed at $814,999, representing a stable entry point near its $808,543 Fair Market Value. The property features three detached units—offering superior tenant privacy—and maintains a Fair Condition Rating with a mix of recent updates and original 1924 character. With a vacant back unit ready for immediate market-rate leasing and a private patio, the property is primed for rental upside. Located in the Los Angeles Unified district near major freeways and hospitals, it ensures consistent tenant demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1000 S Gage Subject | $814,999* List Price | 6 | 3 | 2,054 | $394 | - |
A 1052 S Herbert Pending | $649,000 List Price | 0 | 0 | 1,680 | $386 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1924 triplex is in fair condition, showing a mix of aged infrastructure and recent cosmetic refreshes. While the vacant unit has been updated with modern laminate flooring and fresh paint, the occupied units feature dated wood paneling, older oak cabinetry with visible wear, and aging wall heaters. The kitchens and bathrooms are functional but outdated, and the 'as-is' sale condition suggests potential deferred maintenance on the century-old systems.
All three units are detached with no shared walls, providing tenants with maximum privacy and reducing noise issues, a premium feature for multi-family investments.
The back unit is currently vacant, allowing an owner-occupant to move in immediately or an investor to capture current market rents to boost the property's overall yield.
Located near major freeways (5, 710, 60) and within walking distance of a hospital, the property ensures high tenant demand and excellent connectivity to Downtown Los Angeles.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
The property is being sold in as-is condition, which likely indicates deferred maintenance and the need for additional investment to address repairs or upgrades.
Constructed in 1924, the property may feature outdated mechanical, electrical, or plumbing systems that could require costly modernization in the near future.
Beautiful income-producing triplex in the heart of East Los Angeles, offering exceptional versatility and strong rental potential. This well-maintained multi-unit property includes three separate units — ideal for maximizing cash flow. Each unit is detached with no shared walls, providing added privacy for tenants. The property layout is as follows: • Front unit (1000): 2 bedrooms, 1 bathroom (tenant occupied) • Middle unit (1000 1/2): 3 bedrooms, 1 bathroom (tenant occupied) • Back unit (1002): 1 bedroom, 1 bathroom (unoccupied/empty) • Garage Conveniently located near local schools, parks, and major freeways including the 5, 710, and 60, this property offers easy access to Downtown Los Angeles and surrounding areas. Walking distance from hospital !! Perfect for investors or owner-occupants looking to offset their mortgage with rental income, this property is situated in a vibrant Eastside neighborhood known for its cultural richness, community feel, and renowned dining scene. The home is being sold in "as is" condition. Do not disturb tenants or do not show up without appointment. Thank you
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 0.0 | 85% |
| Baths | 3.0 | 0.0 | 85% |
| Square foot | 2,054 | 1,828 | 62% |
| Lot Size | 6,300 | 6,003 | 54% |
| Price | $815.0K | $710.9K | 85% |
| Price per sq ft | $397 | $397 | 50% |
| Built year | 1924 | 1923 | 77% |
| HOA | $0 | $0 | 50% |
| Days on market | 138 | 180 | 31% |
Dec 5, 2025
$814,999
Initial Listing
May 14, 1999
$205,000
Public Record