$850,000
-$50,000424 W Gage Avenue, Los Angeles CA 90003
Multi-Family (6 Units)
Property type
238 days
On market
$361
Price per sqft
N/A
Garage
1923
Year built
4,930 sqft
Lot size
Open Houses
Overview
We are is pleased to offer for sale 424 West Gage Avenue, a 6-unit apartment community located immediately west of the 110 Freeway and south of Slauson Avenue. The property boasts a Walk Score of 79 ("Very Walkable"), with most daily errands easily accomplished on foot.Situated on a 4,930-square-foot parcel, the property is comprised of four studios and two one-bedroom units,...
Listing provided by: Sean Rosenzweig DRE #01406343 213-943-1897, Marcus & Millichap
Listing updated: May 28, 2026 at 08:24pm.
Last checked: Jun 2, 2026 at 10:00am
Source: CRMLS #25604721
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 0 | 1 | — | $1,534 | $1,534 | $1,595 | Unfurnished |
| 1 | 1 | 1 | — | $1,907 | $1,907 | $2,100 | Unfurnished |
| 1 | 0 | 1 | — | $1,595 | $0 | $1,595 | Unfurnished |
| 1 | 0 | 1 | — | $877 | $877 | $1,595 | Unfurnished |
| 1 | 1 | 1 | — | $2,407 | $2,407 | $2,100 | Unfurnished |
| 1 | 0 | 1 | — | $877 | $877 | $1,595 | Unfurnished |
# of Buildings: 3
# of Units Total: 6
Financial Snapshot
Gross Rent Multiplier
7.7x
List Price / Annual Gross Rent
Cap Rate
5.94%
NOI / List Price
Net Operating Income: $50,471
Exterior
Stories Total: 1
Levels: One
Garage and Parking
Parking: None
Parking Total: 0
Lot Information
Land Lease: No
Parcel #: 6004040002
Zoning: LAR4
Lot Size Dimensions: 40x123
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 424 W Gage Avenue, Los Angeles, CA 90003. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$680,000
Total Interest
$867,303
Total Payment
$1,547,303
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$5,333
per month
Property History for 424 W Gage Avenue
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90003.
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