1028 S Gage, Los Angeles, California 90023, Los Angeles, 90023 - 3 bed, 2 bath
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Los Angeles, California 90023
This Turnkey Single Family Residence is a High-Potential Investment Opportunity, listed at $850,000—positioned above the $748,903 Fair Market Value. While priced at a premium, the property features an Excellent Condition Rating following extensive modern renovations, including new windows, kitchen, and bathrooms. The LCR4 Zoning on a 6,302 sqft lot provides significant development upside for density expansion. With a finished basement and converted rumpus room, this asset offers versatile utility. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready home with long-term growth potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1028 S Gage Subject | $850,000* List Price | 3 | 2 | 888 | $843 | - |
A 1433 S Sunol Drive Sold | $635,000 | 2 | 1 | 925 | $686 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent remodel including new windows, kitchen, and bathrooms. Visual evidence of ongoing/recent construction and modern upgrades indicates the renovation is less than 5 years old, meeting the criteria for mint condition.
The property has been significantly updated with new windows, a remodeled kitchen, and upgraded bathrooms, providing a turnkey living experience with reduced immediate maintenance needs.
Zoned LCR4 on a spacious 6,302 sqft lot, the property offers significant upside for investors or developers to potentially add more units and maximize the land's value.
Beyond the main 3-bedroom layout, the converted rumpus room and finished basement provide versatile extra square footage for guest quarters, a home office, or potential rental income.
With only 888 square feet of living space for a three-bedroom configuration, the individual rooms and common areas may feel undersized for many families.
The list price of $850,000 reflects a very high price-per-square-foot for the 90023 area, which may pose challenges for appraisal valuations and buyer affordability.
Extensively remodeled property, new Windows, Kitchen and restrooms...Commerce-Adjacent property. The Main house is a 3Bedroom/2Bath Home with upgraded Restrooms and kitchen. The rompus room was converted into a single and the basement was finished into Living Space. The property is zoned LCR4 and should allow for more units on the large lot. One car detached garage at rear.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 888 | 1,672 |
| Lot Size | 6,302 | 6,067 |
| Price | $850.0K | $1.37M |
| Price per sq ft | $957 | $801 |
| Built year | 1913 | 1939 |
| HOA | $0 | $348 |
| Days on market | 11 | 56 |
Jul 11, 2026
$850,000
Initial Listing
Mar 23, 2026
$425,000
Public Record