Duplex with Alley
For Sale
$550,000
114 E Gage AVE, Los Angeles, CA 90003
Separate utilities and updated electrical serve the two-unit property.
Property Size1,230 SF
Days on Market9
Property Features for 114 E Gage AVE
General Information
Standard status
Active
Size
1,230 SF
Property subtype
MULTI_FAMILY
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Building Size
1,230 SF
Year Built
1925
Listing Agency:
Century 21 Allstars
Listed By:
Alberto Sanchez · License #02028262
(323) 326-0133
Source:
Milsteinestates
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 7 at 4:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Allstars
Investment Insights
Based on property information with market context.
Built in 1925, this duplex has separate utilities, brand-new electrical panels, and updated electrical throughout. The site also includes a large rear lot and alley access.
Key Highlights
- Duplex property built in 1925
- Brand‑new electrical panels and updated electrical throughout
- Separate utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,845
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,900
$556.9K
Cap Rate 7%
$397,786
$397.8K
Cap Rate 9%
$309,389
$309.4K
Market Conditions
NOI Build-Up for 1,230 SF
Gross rent
$40.6K $33.00/SF
− Vacancy
−$812 −$0.66/SF
EGI
$39.8K $32.34/SF
− OpEx
−$11.9K −$9.70/SF
NOI
$27.8K $22.64/SF
Area
ZIP 90003
Vacancy
2.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,900
Cap Rate 7%
$397,786
Cap Rate 9%
$309,389
Alternative Uses
Best Use
Apartment 5plus
$21.75M
$19.03M – $25.37M
NOI $1,522,191 @ 7.0% cap · market cap 276.76%
Second Best
Multifamily LT 5
$397.8K
$348.1K – $464.1K
NOI $27,845 @ 7.0% cap · market cap 5.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,485
Businesses Nearby
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities and updated electrical serve the two-unit property.
Where is this duplex located?
The property is located at 114 E Gage AVE Los Angeles, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Duplex property built in 1925; Brand‑new electrical panels and updated electrical throughout; Separate utilities
