811 S Gage Avenue, Los Angeles, California 90023, Los Angeles, 90023 - 0 bed, 0 bath
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Los Angeles, California 90023
This versatile Residential Income Quadruplex is a Strong Value Opportunity, listed at $939,000—positioned well below the $1,031,923 Fair Market Value by 9%. This valuation gap provides $92,923 in Instant Equity for the incoming buyer. The property maintains a Condition Rating of 3, featuring a move-in ready 2-bedroom front home and a rear triplex with updated stone countertops, recessed lighting, and distant DTLA skyline views. Located near El Mercadito with immediate freeway access, it offers significant rental upside. This is an exceptional acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 811 S Gage Avenue Subject | $939,000* List Price | 0 | 0 | 2,336 | $442 | - |
A 715 S Record Active | $799,000 List Price | 0 | 0 | 1,903 | $420 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, with at least one unit recently refreshed featuring updated stone countertops, white cabinetry, and laminate flooring. While the structure dates to 1927, the interiors show significant updates including recessed lighting and crown molding, and the overall condition indicates regular upkeep with no immediate major renovations required.
Located in the vibrant heart of East Los Angeles, this versatile quadruplex offers a unique blend of residential comfort and passive income. The front unit features a charming 2-bedroom, 1-bathroom single-family home ideal for an owner-occupant or premium rental opportunity. Tucked in the rear is a well-designed two-story triplex comprised of a 1-bedroom, 1-bathroom unit on the ground level and two studio units upstairs. The property also includes a convenient common area with coin-operated laundry for added tenant ease and additional revenue. One unit is currently vacant and move-in ready, providing immediate opportunity for owner occupancy or market-rate leasing. Centrally located near many cultural shopping experiences, centered around historic and community-focused spots such as El Mercadito with easy access to the 60, 710, and 5 freeways . Don’t miss this exceptional investment opportunity in one of East LA’s most sought-after rental markets!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,336 | 1,828 | 69% |
| Lot Size | 7,777 | 6,003 | 69% |
| Price | $939.0K | $710.9K | 92% |
| Price per sq ft | $402 | $402 | 50% |
| Built year | 1927 | 1923 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 180 | 8% |
Mar 26, 2026
$939,000
Initial Listing
May 31, 2012
$321,000
Public Record