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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!

Taxes & Operating Expenses (Actual - 2026) Click Here to Access

Annual Annual Per AC
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2026) Click Here to Access

Taxes
Annual -
Annual Per AC -
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $99,999
Annual Per AC $9.99

Property Facts

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
Zoning R-3 - Limited Density Multiple Residence

1 Lot Available

Lot 85

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.

Walk Score®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 39356493

  • Date on Market: 2/6/2026

  • Last Updated:

  • Address: 1028 S Gage Ave, Los Angeles, CA 90023

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