1024 N Gage Avenue, Los Angeles, California 90063, Los Angeles, 90063 - 4 bed, 1 bath
Loading property details...
Los Angeles, California 90063
Analysis of 1024 N Gage Avenue, Los Angeles, California 90063 is currently available with a list price of $1,800,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1924 and marketed exclusively as a development opportunity for new construction, the property is priced for its land value and R2 zoning potential rather than the existing structure, which is over 100 years old with no mentioned renovations.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17372, living area = 1412.
The offering includes three contiguous parcels totaling 17,372 sq ft zoned R2, providing a rare opportunity to maximize density by constructing multiple residences or duplexes.
Positioned near USC Keck Medical Center, Cal State LA, and Downtown Los Angeles, the property is ideally located to attract high rental demand and strong resale interest.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =17372, other record lot size in square feet = 8623.
At a $1.8 million list price, the value is heavily weighted in the land and development potential, making it less accessible for traditional single-family homebuyers.
The buyer assumes the responsibility and risk of verifying zoning, density, and utility requirements, which can involve significant time and regulatory hurdles in Los Angeles.
Unlock a rare development opportunity in the heart of City Terrace Hills! Three contiguous parcels totaling 17,372 sq ft are now available, offering a prime canvas for builders and developers ready to maximize potential in a high-demand Northeast LA market. Zoned R2, this offering is ideally suited for those looking to capitalize on density, with the potential to construct two residences per lot (buyer to verify with the City). The combined footprint allows for flexible site planning—perfect for new construction duplexes, detached homes, or a small multi-unit development. Positioned near City Terrace Park and just minutes from USC Keck Medical Center, Cal State LA, Downtown LA, and major freeways, this location delivers both convenience and strong end-user appeal—supporting excellent resale and rental potential. Opportunities like this—multiple adjoining parcels with true development upside—are increasingly RARE in Los Angeles! Buyer to verify zoning, density, utilities, and all development requirements.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 77% |
| Baths | 1.0 | 2.0 | 43% |
| Square foot | 1,412 | 1,104 | 77% |
| Lot Size | 17,372 | 4,901 | 98% |
| Price | $1.80M | $660.0K | 98% |
| Price per sq ft | $1.3K | $629 | 98% |
| Built year | 1924 | 1925 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 180 | 2% |
May 6, 2026
$1,800,000
Initial Listing