232 E Gage Avenue A, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
232 E Gage Avenue A
Los Angeles, California 90003
Property Price
SUMMARY
Analysis of 232 E Gage Avenue A, Los Angeles, California 90003 is currently available with a list price of $1,779,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
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 in the kitchens and bathrooms, with high-quality finishes and no signs of wear or deferred maintenance. The flooring is a modern wood-look laminate, and all systems are new, aligning perfectly with the 'Excellent' criteria for a newly built property with current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- New Construction & Modern Amenities
Built in 2023 by Lajoma Properties, this property offers luxurious and contemporary design with brand new high-end finishes, including quartz countertops, custom cabinetry, Samsung stainless steel appliances, central HVAC, LED lighting, and tankless water heaters, minimizing immediate maintenance for owners and appealing to modern tenants.
- Exceptional Income Potential
Comprising a three-story duplex (two 5 bed/4.5 bath units) and a two-story 3 bed/2 bath ADU, this triplex is explicitly marketed as a 'PERFECT RENTAL PROPERTY' with the significant advantage of 'NO RENT CONTROL' in Los Angeles, further enhanced by separate utility meters for each unit.
- Strategic Central Location
The property boasts a highly central location with excellent access to the 110 Freeway and major Los Angeles landmarks such as BMO Stadium, LA Memorial Coliseum, USC, SoFi Stadium, and Crypto.com Arena, ensuring strong rental demand and potential for property value appreciation.
CONSRISKS & DEFICIENCIES
- Price Reduction History
The property has undergone multiple price reductions, from an original list price of $1.9M down to $1.779M, which could suggest initial overpricing or a slower market response, potentially raising questions for prospective buyers regarding its current market value.
- High Density on Lot
With 5218 sqft of living space across three large units on a 4936 sqft lot, the property is quite dense. While efficient for income, this configuration likely results in limited private outdoor space per unit, which may not appeal to all tenants or owner-occupants seeking more personal yard area.
- Urban Environment Drawbacks
While its central location is a strength for accessibility, proximity to the 110 Freeway and major entertainment venues can also imply higher levels of traffic, noise, and general urban density, which might be a drawback for residents seeking a quieter, more suburban living environment.
About 232 E Gage Avenue A
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!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 2023
- Lot Size
- 4,936 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 5,218 | 1,907 | 97% |
| Lot Size | 4,936 | 5,202 | 15% |
| Price | $1.78M | $770.0K | 97% |
| Price per sq ft | $341 | $360 | 49% |
| Built year | 2023 | 1923 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 256 | 204 | 64% |
Pricing History
Listed for Sale
Nov 26, 2025
$1,779,000
$1,799,000
-1% Price Drop
Initial Listing
Price Change
Sep 3, 2025
$1,799,000
$1,825,000
-1% Price Drop
Initial Listing
Price Change
Aug 3, 2025
$1,825,000
Initial Listing
Price Change
Jun 23, 2025
$1,900,000
Initial Listing