629 W Gage Avenue, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
ACTIVE$649,999
629 W Gage Avenue, Los Angeles, California 90044
0Bed
0Bath
1,830Sqft
4,993Lot
Year Built
1925
Close
-
List price
$650K
Original List price
$725K
Price/Sqft
$355
HOA
-
Days on market
-
Sold On
-
MLS number
DW25082132
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $650.0K(16th), sqft - 1830(34th), beds - undefined(50th), baths - undefined(50th).
Welcome to 629 W Gage Ave in Los Angeles, CA 90044. This property features three separate units, each with its own building for added privacy. Two of the units are 1 bed, 1 bath, and one is a 2 bed, 1 bath. Each unit comes with its own parking space and outdoor area. The property sits on a 4,993 sq. ft. lot and offers a total of 1,830 sq. ft. of living space. Located near major roads and key locations like DTLA (8 miles), USC (6 miles), and LAX (10 miles), this property provides easy access to work, school, and entertainment. This property is an excellent investment opportunity in a growing neighborhood with high rental demand. With separate units, and parking, it’s designed to attract long-term tenants and offer future appreciation potential.
Nearby schools
3/10
Sixty-First Street Elementary School
Public,•K-6•0.2mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•0.3mi
2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•0.5mi
3/10
Budlong Avenue Elementary School
Public,•K-5•0.7mi
5/10
Estrella Elementary School
Public,•K-5•0.9mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.0mi
2/10
Main Street Elementary School
Public,•K-5•1.0mi
3/10
Raymond Avenue Elementary School
Public,•K-5•1.1mi
2/10
Western Avenue Elementary School
Public,•K-5•1.5mi
2/10
John Muir Middle School
Public,•6-8•0.5mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•0.8mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.4mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.9mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.3mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.2mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.7mi
5/10
Santee Education Complex
Public,•9-12•3.4mi
9/10
Middle College High School
Public,•9-12•4.3mi
Price History
Date
Event
Price
08/13/25
Price Change
$649,999
04/14/25
Listing
$725,000
10/02/09
Sold
$225,000
04/03/06
Sold
$499,000
04/09/04
Sold
$255,000
Condition Rating
Poor
Built in 1925, this property shows significant age and wear throughout. The kitchens feature very dated wooden cabinets, older appliances (though one unit has a newer refrigerator, the overall setup is old), basic countertops, and worn tile or laminate flooring. Bathrooms are similarly outdated with basic vanities and fixtures. The property relies on window AC units, indicating a lack of central cooling. Flooring is a mix of worn laminate and dated tiles, and light fixtures are basic and old-fashioned. The exterior also shows signs of deferred maintenance. Overall, the property requires substantial rehabilitation and modernization to meet current living standards and comfort expectations.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex with three separate units, explicitly designed as a residential income property, offering multiple revenue streams for investors.
Unit Privacy and Autonomy: Each of the three units is in its own building, providing enhanced privacy and a sense of individual space for tenants, which is highly desirable.
Dedicated Parking and Outdoor Space: Each unit includes its own parking space and outdoor area, a significant advantage in Los Angeles and a strong draw for potential long-term tenants.
Strategic Location: Conveniently located near major hubs like DTLA (8 miles), USC (6 miles), and LAX (10 miles), ensuring high rental demand and easy access for residents.
Strong Investment Potential: Positioned in a growing neighborhood with high rental demand, the property is highlighted as an excellent investment opportunity with future appreciation potential.
Cons
Age of Property: Built in 1925, the property is nearly a century old, which may imply outdated infrastructure, systems (plumbing, electrical), and potential for significant deferred maintenance or capital expenditures.
Lack of Renovation Details: The description does not specify any recent renovations or upgrades to the units, suggesting interiors may be dated and require investment to maximize rental income and tenant appeal.
Potential for High Maintenance: Older multi-unit properties often come with higher ongoing maintenance and repair costs compared to newer constructions, which could impact net operating income.