204 E Gage, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$780,000$2,014/sqft
204 E Gage, Los Angeles, California 90003
0Bed
0Bath
2,014Sqft
4,951Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Dual Income & Owner-Occupant Opportunity: The property features two units on one lot, offering excellent flexibility for an owner to live in one unit and rent out the other, or for multi-generational living, providing strong potential income.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2014, other record living area = 1923.
Compared to the nearby listings
Price:$780.0K vs avg $745.0K (+$35,000)53%
Size:2,014 sqft vs avg 1,886 sqft62%
Price/sqft:$387 vs avg $38750%
More Insights
Built in 1909 (117 years old).
Condition: While the property was built in 1909, the listing explicitly states that one of the units has been 'recently remodeled providing contemporary finishes, newer appliances.' The interior images confirm this, showcasing a modern kitchen with new stainless steel appliances, dark cabinetry, and recessed lighting, along with a fully updated bathroom featuring a tiled walk-in shower with a glass enclosure. New laminate flooring and fresh paint are visible throughout the renovated unit. This extensive renovation brings a significant portion of the property to a 'Good' condition, making it move-in ready. However, the exterior shows signs of age and the condition of the tenant-occupied unit is not detailed, preventing an 'Excellent' overall score.
Year Built
1909
Close
-
List price
$780K
Original List price
$780K
Price/Sqft
$387
HOA
-
Days on market
-
Sold On
-
MLS number
DW26006267
Home ConditionGood
Features
Patio
View-
About this home
Location , Location excellent opportunity to live in one rent the other. Close to freeway and to Downton Los Angeles, 2 units 1 lot, rear unit vacant move in ready with plenty of space and lemons trees Savvy owner-occupants seeking flexibility and long-term value The standout feature is the second unit, recently remodeled providing contemporary finishes, newer appliances , and a low-maintenance living experience. Whether you’re planning for multi-generational living, shared ownership, or rental income, this property offers versatility and strong potential income , The remaining unit is tenant occupied with Excellent Income....... Contact listing agent for private showings.
L
Luis Rodriguez
Listing Agent
Price History
Date
Event
Price
12/11/18
Sold
$480,000
Condition Rating
Good
While the property was built in 1909, the listing explicitly states that one of the units has been 'recently remodeled providing contemporary finishes, newer appliances.' The interior images confirm this, showcasing a modern kitchen with new stainless steel appliances, dark cabinetry, and recessed lighting, along with a fully updated bathroom featuring a tiled walk-in shower with a glass enclosure. New laminate flooring and fresh paint are visible throughout the renovated unit. This extensive renovation brings a significant portion of the property to a 'Good' condition, making it move-in ready. However, the exterior shows signs of age and the condition of the tenant-occupied unit is not detailed, preventing an 'Excellent' overall score.
Pros & Cons
Pros
Dual Income & Owner-Occupant Opportunity: The property features two units on one lot, offering excellent flexibility for an owner to live in one unit and rent out the other, or for multi-generational living, providing strong potential income.
Recently Remodeled Unit: One unit has been recently remodeled with contemporary finishes and newer appliances, offering a low-maintenance and attractive living space for immediate occupancy or rental.
Strategic Location: Positioned close to major freeways and Downtown Los Angeles, the property offers convenient access to employment centers, amenities, and transportation.
Established Rental Income: The second unit is currently tenant-occupied, providing an immediate and excellent income stream for the new owner.
Vacant & Move-in Ready Unit: The rear unit is vacant and move-in ready, allowing for immediate occupancy by the new owner or quick placement of a new tenant, complete with desirable features like lemon trees.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2014, other record living area = 1923.
Property Age: Built in 1909, the property is over a century old, which may suggest potential for older infrastructure, systems, or require more significant maintenance and updates compared to newer constructions.
Tenant Occupancy Considerations: While providing income, the tenant-occupied unit may present challenges for showings, inspections, or if the new owner wishes to occupy both units, potentially requiring adherence to tenant rights and eviction processes.
Undisclosed Condition of Occupied Unit: The description emphasizes the remodeled vacant unit but provides no details on the condition or recent updates of the tenant-occupied unit, which could imply it is less updated or may require future investment.