837 W Gage Avenue, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
ACTIVE$740,000
837 W Gage Avenue, Los Angeles, California 90044
0Bed
0Bath
1,504Sqft
4,904Lot
Year Built
1916
Close
-
List price
$740K
Original List price
$740K
Price/Sqft
$492
HOA
-
Days on market
-
Sold On
-
MLS number
MB25092343
Home ConditionFair
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $740.0K(41th), sqft - 1504(19th), beds - undefined(50th), baths - undefined(50th).
Duplex front unit 1 bed and 1 bath with large living room which was bedroom. Rear unit 2 bedroom and 1 bath. New roof on both units ,rear unit remodeled complete. Front unit needs a little TLC .Large yard with detached garage ADU ready with long 4 car driveway .Seller very motivated seller will credit $20,000.00 towards removal of front tenant"cash for keys" rear tenant has very good rental income. Bring all offer's all will be considered.
Nearby schools
2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•0.3mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•0.4mi
3/10
Sixty-First Street Elementary School
Public,•K-6•0.4mi
3/10
Budlong Avenue Elementary School
Public,•K-5•0.5mi
3/10
Raymond Avenue Elementary School
Public,•K-5•0.9mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.0mi
5/10
Estrella Elementary School
Public,•K-5•1.0mi
2/10
Main Street Elementary School
Public,•K-5•1.2mi
2/10
Western Avenue Elementary School
Public,•K-5•1.4mi
2/10
John Muir Middle School
Public,•6-8•0.4mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.0mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.6mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.8mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.2mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.4mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.8mi
5/10
Santee Education Complex
Public,•9-12•3.5mi
9/10
Middle College High School
Public,•9-12•4.4mi
Price History
Date
Event
Price
04/28/23
Sold
$549,000
11/29/22
Sold
$380,000
Condition Rating
Fair
The property, built in 1916, is over a century old. While the listing states a 'new roof on both units' and the 'rear unit remodeled complete,' indicating significant recent updates, the 'front unit needs a little TLC.' This suggests minor updates or repairs are required for at least one part of the property. The exterior image shows an older, maintained home, but not one that appears recently renovated to modern standards throughout. The mixed condition of the units, with one being fully remodeled and the other needing work, along with the overall age, places it in the 'fair' category, where major components are functional but some parts show signs of being outdated or needing minor attention.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Income-Generating Duplex: The property is a duplex, offering immediate rental income from the rear unit and significant potential for the front unit, making it an attractive investment.
ADU Potential: The detached garage is explicitly stated as 'ADU ready,' providing a clear opportunity to add a third income-generating unit or expanded living space, significantly increasing property value.
Recent Major Upgrades: Both units benefit from a new roof, and the rear unit has been completely remodeled, reducing immediate capital expenditures for the buyer.
Seller Incentives: A motivated seller is offering a $20,000 credit for 'cash for keys' to facilitate the removal of the front tenant, simplifying the transition for the new owner.
Large Lot & Parking: The property features a generous 4,904 sqft lot with a long 4-car driveway, providing ample outdoor space and valuable off-street parking in a dense urban area.
Cons
Front Unit Condition & Tenant Issue: The front unit 'needs a little TLC' and comes with an existing tenant requiring a 'cash for keys' process, which, despite the credit, represents an immediate management and renovation task for the buyer.
Property Age: Built in 1916, the property is over a century old, which may imply potential for unforeseen maintenance issues with original systems (e.g., plumbing, electrical, foundation) not addressed by recent visible renovations.
Non-Standard Front Unit Layout: The front unit's description of a 'large living room which was bedroom' suggests a potentially unconventional or less optimized layout that might require further investment to enhance its appeal or functionality.