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1028 S Gage Ave 0.14 Acres of Commercial Land Offered at $399,000 in Los Angeles, CA 90023

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Investment Highlights

Fenced yard

Hardwood floors

Executive Summary

According to our research, the subject property is zoned R-3 (Limited Density Multiple Residence); based on the size of the lot a minimum of 3 units is allowed and maximum of 5 units is allowed. Buyer to verify. Property is being sold for land value. It is very likely not financeable. Cash offers only.
Please direct all questions to listings@daveknightrealestate.com or 626-240-5011. If you send an email there, the auto response will have a link to the disclosures & reports.
OFFERS will begin to be reviewed on Tuesday, 2/24, at 12pm.
OFFER GUIDELINES attached to the MLS or email listings@daveknightrealestate.com to receive a copy of these & the disclosures & reports. Thank you!

Offer Guidelines - Gage (1028 S)

Property Facts Under Contract

Price	$399,000	Property Subtype	Commercial
Sale Type	Owner User	Total Lot Size	0.14 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land
Zoning	R-3 - Limited Density Multiple Residence

Price	$399,000
Sale Type	Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Total Lot Size	0.14 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-3 - Limited Density Multiple Residence

1 Lot Available

Lot 85

Price	$399,000	Lot Size	0.14 AC
Price Per AC	$2,757,924.71

Price	$399,000
Price Per AC	$2,757,924.71
Lot Size	0.14 AC

Description

Calling all investors - this fixer is being sold for land value. Centrally located in East Los Angeles and offering convenient access to the 5 and 710 freeways, East Los Angeles Hospital, and the shopping and dining options along Whittier Boulevard. The property currently features a 3-bedroom, 1-bath home, with the potential to reimagine the site as a multi-residence development. Zoned R3, the lot allows for up to five units (Buyer to verify), presenting an excellent opportunity for future income and long-term growth. With its desirable location, development potential, and proximity to everything Los Angeles has to offer, 1028 S. Gage Avenue provides a compelling opportunity to bring your investment vision to life.