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    The Largest CRE Database in the US with Over 1 Million Listings

    232 E Gage Ave Los Angeles, CA 90003

    Sponsored
    For Sale
    $1,779,000

    Contemporary, Triplex - Los Angeles, CA

    Type:Triplex
    Property size:
    5,218 SF
    Lot size:
    4,936.00 Acres
    Days on Market:
    234
    Last Refresh:
    Feb 11 at 8:06 pm

    Property Features for 232 E Gage Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Property condition
    New Construction
    Standard status
    Active
    Zoning
    LAR2
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    13
    Bathrooms
    12
    APN
    6006013008
    Parking
    5
    Parking features
    Driveway
    Interior features
    Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Parking
    Exterior features
    Fence, Community Features Included: Biking, Curbs, Sidewalks, Street Lights, 2-5 Units/Acre
    Fencing
    Fenced
    Appliances
    Garbage Disposer, Microwave, Refrigerator, Water - Instant Hot
    Size
    5,218 SF
    Lot size
    4,936.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2023
    Floors in Building
    3
    Number of units
    3
    Flooring type
    Laminate, Tile
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Joshua Vivanco

    Keller Williams Realty SELA (562) 334-1511

    Listing agent Joshua Vivanco (562) 334-1500 License #02199160

    Listing date Jun 23, 2025

    MLS# DW25140511 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    New Triplex in Central Los Angeles

    Built in 2023 by Lajoma Properties, this luxurious and contemporary new construction features a duplex and an ADU. The property is centrally located near the 110 Freeway, BMO Stadium, LA Memorial Coliseum, USC, SoFi Stadium, and Crypto.com Arena. The property consists of three units. The front building is a three-story duplex, with each unit featuring 5 bedrooms and 4.5 bathrooms. The rear building is a two-story ADU with 3 bedrooms and 2 bathrooms. The units have spacious bedrooms with custom closets, quartz countertops in kitchens and bathrooms, custom window shades, brand new Samsung stainless steel appliances, custom shaker cabinets, two-toned interior painting, and central HVAC systems. Each unit also includes laundry rooms with brand new Samsung washer and dryer units, and tankless water heaters. The property is green certified and features drought-tolerant landscaping, an automatic fire sprinkler system, an automatic front gate, and a decorative wood fence and block wall. There is one two-car attached garage. The property is secured, with parking on site and decorative pavers throughout the driveway. There are 2 water meters and 1 sub water meter, 3 gas meters, and 3 electric meters. The property is not subject to rent control. The lot size is 0.113 acres and the property size is 5218 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.27727
    Latitude
    33.98226

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    FAQs

    What type of property is this?
    Triplex - Contemporary triplex near freeways, stadiums, and arenas.
    Where is this triplex located?
    The property is located at 232 E Gage Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,779,000.
    What are key features of this property?
    This property features: - New construction (2023) duplex and ADU with a total of 3 units, offering modern living and potential rental income.; - Prime location near the 110 Freeway, BMO Stadium, LA Memorial Coliseum, USC, SoFi Stadium, and Crypto.com Arena.; - **Each unit features high-end finishes including quartz countertops, custom shaker cabinets, Samsung stainless steel appliances, and in-unit laundry with Samsung washer & dryer.**
    (562) 299-7934
    Request Owner's contact information
    232 E Gage Ave Los Angeles, CA 90003
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    Los Angeles, CA 90003
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    232 E Gage Ave Los Angeles, CA 90003
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    We can help!
    Listing Contact
    Joshua Vivanco
    Real Estate License ID: 02199160
    (562) 299-7934
    Learn more
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