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232 E Gage Avenue A, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

232 E Gage Avenue A, Los Angeles, California 90003 home-pic-0
ACTIVE$1,779,000
232 E Gage Avenue A, Los Angeles, California 90003
0Bed
0Bath
5,218Sqft
4,936Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
New Construction & Modern Finishes: Built in 2023, this property offers luxurious, contemporary design with brand new Samsung stainless steel appliances, quartz countertops, custom shaker cabinets, central HVAC, tankless water heaters, and LED lighting, ensuring low immediate maintenance and high tenant appeal.
Top Cons:
Recent Price Reductions: The listing history shows multiple price drops from the original list price ($1.9M to $1.779M), which may indicate initial overpricing or market resistance, potentially signaling a need for further adjustments or a longer time on market.

Compared to the nearby listings

Price:$1.78M vs avg $750.0K (+$1,029,000)98%
Size:5,218 sqft vs avg 1,902.5 sqft98%
Price/sqft:$341 vs avg $36545%

More Insights

Built in 2023 (2 years old).
Condition: This property was built in 2023, making it brand new construction. The description highlights luxurious and contemporary design with all new components, including quartz countertops, custom shaker cabinets, brand new Samsung stainless steel appliances, central HVAC, LED recessed lighting, and tankless water heaters. The images confirm a pristine, modern aesthetic throughout, especially in the kitchens and bathrooms, which feature stylish tiling, new vanities, and fixtures. There is no deferred maintenance, and all systems are new, meeting the highest quality standards.
Year Built
2023
Close
-
List price
$1.78M
Original List price
$1.9M
Price/Sqft
$341
HOA
-
Days on market
-
Sold On
-
MLS number
DW25140511
Home ConditionExcellent
Features
Good View: City Lights, Neighborhood
ViewCity Lights,Neighborhood

About this home

BUILT BY LAJOMA PROPERTIES IN 2023. THIS LUXURIOUS AND CONTEMPORARY, NEW CONSTRUCTION DUPLEX AND ADU. THIS PROPERTY IS CENTRALLY LOCATED TO THE 110 FREEWAY, BMO STADIUM, LA MEMORIAL COLISEUM, USC, SOFI STADIUM, CRYPTO.COM ARENA AND MORE! TOTAL OF 3 UNITS, FRONT BUILDING IS A THREE STORY DUPLEX: 5 BEDROOM, 4.5 BATH EACH; REAR BUILDING IS A TWO STORY 3 BEDROOM 2 BATH ADU. THESE UNITS HAVE ONE OF LA's BEST FLOOR PLAN LAYOUT WITH MASSIVE TOWNHOME STYLE UNITS. SPACIOUS BEDROOMS IN ALL UNITS WITH CUSTOM CLOSETS, QUARTS COUNTERTOPS IN KITCHENS AND BATHROOMS, CUSTOM WINDOW SHADES, BRAND NEW SAMSUNG STAINLESS STEEL APPLIANCES, CUSTOM SHAKER CABINETS, TWO TONED INTERIOR PAINTING, CENTRAL HVAC SYSTEM IN EACH UNIT, LOW VOLTAGE LED RECESSED LIGHTING THROUGHOUT EACH UNIT, LAUNDRY ROOMS IN EACH UNIT WITH BRAND NEW SAMSUNG WASHER & DRYER, TANKLESS WATER HEATERS, GREEN CERTIFIED, DROUGHT TOLERANT LANDSCAPING, AUTOMATIC FIRE SPRINKLER SYSTEM THROUGHOUT ALL UNITS, AUTOMATIC FRONT GATE, DECORATIVE WOOD FENCE AND BLOCK WALL. 1-TWO CAR ATTACHED GARAGE, PROPERTY WELL SECURED, PLENTY OF PARKING ON SITE WITH DECORATIVE PAVERS THROUGHOUT DRIVEWAY. THERE ARE 2 WATER METERS AND 1 SUB WATER METER, 3 GAS METERS, AND 3 ELECTRIC METERS. PERFECT RENTAL PROPERTY, NO RENT CONTROL. MUST SEE THIS PROPERTY IN PERSON TO FULLY APPRECIATE ITS BEAUTY!

Condition Rating
Excellent
This property was built in 2023, making it brand new construction. The description highlights luxurious and contemporary design with all new components, including quartz countertops, custom shaker cabinets, brand new Samsung stainless steel appliances, central HVAC, LED recessed lighting, and tankless water heaters. The images confirm a pristine, modern aesthetic throughout, especially in the kitchens and bathrooms, which feature stylish tiling, new vanities, and fixtures. There is no deferred maintenance, and all systems are new, meeting the highest quality standards.
Pros & Cons

Pros

New Construction & Modern Finishes: Built in 2023, this property offers luxurious, contemporary design with brand new Samsung stainless steel appliances, quartz countertops, custom shaker cabinets, central HVAC, tankless water heaters, and LED lighting, ensuring low immediate maintenance and high tenant appeal.
Exceptional Income Potential: Configured as a triplex (duplex + ADU) with separate utility meters (2 water, 3 gas, 3 electric) and explicitly stating 'NO RENT CONTROL', this property is positioned as a perfect, high-yield rental investment in the Los Angeles market.
Strategic Central Location: The property boasts a central location with easy access to the 110 Freeway, major sports and entertainment venues (BMO Stadium, SoFi Stadium, Crypto.com Arena), and educational institutions (USC), ensuring strong rental demand and convenience for residents.
Spacious & Thoughtful Layouts: Units feature 'massive townhome style units' with 'spacious bedrooms' and custom closets, providing comfortable and attractive living spaces that enhance tenant satisfaction.
Enhanced Security & Ample Parking: Equipped with an automatic front gate, a two-car attached garage, and plenty of additional on-site parking with decorative pavers, the property addresses critical urban living needs for security and vehicle accommodation.

Cons

Recent Price Reductions: The listing history shows multiple price drops from the original list price ($1.9M to $1.779M), which may indicate initial overpricing or market resistance, potentially signaling a need for further adjustments or a longer time on market.
Limited Private Outdoor Space: With a total building square footage (5218 sqft) exceeding the lot size (4936 sqft), and descriptions of drought-tolerant landscaping and paved driveways, the property likely offers minimal private outdoor living areas for residents, which can be a drawback for some.
Dense Urban Environment Drawbacks: While centrally located, the property's address in a dense urban area (Los Angeles 90003) could imply potential issues such as higher noise levels, traffic congestion, and limited access to expansive green spaces, which might not appeal to all prospective tenants or buyers.

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