837 W Gage Avenue, Los Angeles, California 90044, Los Angeles, 90044 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90044
This Value-Add Residential Income Duplex represents a Strong Value Opportunity, listed at $669,888—positioned well below the $742,381 Fair Market Value by 9%. This valuation gap provides $72,493 in Instant Equity for the incoming buyer. The property maintains a Good Condition Rating, featuring a completely remodeled rear unit and a brand-new roof on both structures. With a detached garage ADU-ready and proximity to the 9/10 rated Middle College High School, the asset offers significant rental upside and forced appreciation potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 837 W Gage Avenue Subject | $669,888* List Price | 0 | 0 | 1,504 | $494 | - |
A 915 W Gage Sold | $717,500 | 0 | 0 | 1,448 | $496 | 0.1 mi |
B 915 W Gage Sold | $717,500 | 4 | 3 | 1,448 | $496 | 0.1 mi |
C 1056 W Gage Sold | $810,000 | 4 | 2 | 1,767 | $458 | 0.3 mi |
D 837 W W Gage Ave Active | $682,500 List Price | 0 | 0 | 1,504 | $454 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1916, the property features a completely remodeled rear unit with modern shaker cabinets and new countertops (<5 years). The addition of a new roof for both units and the 'move-in ready' status of the renovated portion offsets the 'TLC' needed in the front unit, placing the overall condition in the Good category.
High School: Middle College High School (9/10).
The property features a detached garage that is ADU-ready and a large yard, providing a significant opportunity to add a third unit and maximize rental income.
Both units benefit from a brand-new roof, and the rear unit has been completely remodeled, reducing immediate maintenance costs and increasing tenant appeal.
The front unit requires 'TLC' and has a discrepancy between the title (two bedrooms) and the current layout (one bedroom), which may require permitting or renovation.
The majority of the immediate neighborhood schools have low performance ratings (2-3/10), which could impact long-term appreciation and appeal to family-oriented tenants.
Perfect Investment Property, Duplex. Front unit one bed one bath with large living room. Title shows two bed one bath. Rear unit two-bedroom one bath completely remodeled. New roof on both units. Front unit needs a little TLC. Large yard with detached garage ADU ready with Long four car driveway. Seller very motivated bring all offers will be considered.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.4 mi
Grades K-6 • 0.4 mi
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 | 1,504 | 1,983.5 | 30% |
| Lot Size | 4,904 | 5,852 | 17% |
| Price | $669.9K | $832.5K | 10% |
| Price per sq ft | $445 | $421 | 57% |
| Built year | 1916 | 1924 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 164 | 3% |
May 1, 2026
$669,888
Initial Listing
Apr 28, 2023
$549,000
Public Record
Nov 29, 2022
$380,000
Public Record