122 E Gage, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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122 E Gage
Los Angeles, California 90003
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,164Sq Ft
4,973Lot Size
Property Price
LIST PRICE$700,000
EST. MARKET VALUE
$688,827
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $700,000—positioned well below the $688,828 Fair Market Value by -1.6%. While the property carries a Condition Rating of 5, indicating a need for comprehensive rehabilitation of major systems and interiors, the 2,164 square feet of living space provides a versatile foundation for value-add strategies. This asset is well-suited for Buy-and-Hold Investors or experienced contractors capable of modernizing the infrastructure to capture the high demand for multi-unit rentals in Los Angeles.
Estimated Market Value
$688,827
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 122 E Gage Subject | $700,000* List Price | 0 | 0 | 2,164 | $318 | - |
A 506 E 62nd Street Sold | $700,000 | 0 | 0 | 1,966 | $356 | 0.4 mi |
B 447 W 67th Sold | $524,995 | 0 | 0 | 2,112 | $249 | 0.6 mi |
C 244 - 246 W 66th Street Active | $599,000 List Price | 0 | 0 | 1,860 | $322 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1919, this property is over 100 years old and shows significant exterior signs of neglect, including failing stucco and dated windows. Given the age and lack of documented renovations, it likely requires a full rehab of kitchens, bathrooms, and major systems (HVAC/Electrical) to address safety and structural concerns.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
As a triplex, this property offers a versatile investment opportunity for consistent rental income or a multi-generational living arrangement in a high-demand Los Angeles rental market.
- Competitive Market Pricing
Priced at $700,000, this multi-family asset provides a relatively accessible entry point for investors looking to acquire a three-unit building within the city limits.
- Substantial Living Area
With 2,164 square feet of living space, the property offers generous unit sizes that can attract and retain long-term tenants seeking more room than typical urban apartments.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally built in 1919, the property may require significant capital expenditure for repairs or modernization of older electrical, plumbing, and structural systems.
- Limited Lot Utility
The lot size of under 5,000 square feet for three units may result in constrained parking options and minimal private outdoor space for the residents.
About 122 E Gage
Exceptional opportunity in Los Angeles. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1919
- Lot Size
- 4,973 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,164 | 2,187.451 |
| Lot Size | 4,973 | 5,841.385 |
| Price | $700.0K | $841.5K |
| Price per sq ft | $323 | $385 |
| Built year | 1919 | 1928 |
| HOA | $0 | $0 |
| Days on market | 20 | 85 |
Pricing History
Listed for Sale
Aug 20, 2026
$700,000
Initial Listing
Sold
Dec 20, 2018
$412,500
Public Record