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205 W Gage Avenue — Los Angeles — 2 Beds • 1 Bath • 988 Sq Ft | Belmont Brokerage | Belmont Brokerage

ActiveUnderContract

+4 more

$495,000

7 DOM

$501/sqft2 bd1 ba988 sqft

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205 W Gage Ave Los Angeles, CA 90003

4,723sqft lot

Exceptional development and value add opportunity in a rapidly transforming Los Angeles corridor. This 2 bedroom, 1 bath Craftsman totals 988 SF on a 4,723 SF lot and is zoned LAR2, offering strong potential for multiunit redevelopment, ADU additions, or income producing expansion, with a long driveway for parking (buyer to verify). Built in 1910, the existing structure is well suited for a full reposition or complete redevelopment. Strategically located near the 110 Freeway with immediate access to Downtown Los Angeles, the Coliseum, and Crypto.com Arena. With major global events such as the upcoming World Cup and Olympics driving longterm demand, this property presents compelling upside for rental, short term lodging, or hold strategies. Prime opportunity for developers and investors seeking density, flexibility, and future growth.

MLS 26666359

310-820-6651 (Office) 310-403-3558 (Cell) michael.tipton@cbrealty.com

Est. payment

$3,163/mo

Principal & interestTaxesInsurance

$2,503$516$144

Down %

Rate %

Years

Down payment: $99,000 · Total cost: $1,000,076

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$3,163/mo

Principal & interest: $2,503
Est. property tax: $516
Est. insurance: $144
Down payment: $99,000

Est. gross rent$2,063/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-1,100/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Apr 6, 2026	$495,000	—

Facts & Features

Structure & Property

Year Built1910

310-820-6651 (Office) 310-403-3558 (Cell) michael.tipton@cbrealty.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

205 W Gage Avenue, Los Angeles, CA 90003

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Call

205 W Gage Ave Los Angeles, CA 90003

About this home

Michael Tipton

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Structure & Property

Michael Tipton

Sale & Tax History

No Recent Sales History

Location

Location

Open Houses

Listing Agent

Presented by Belmont Brokerage Inc.

205 W Gage Avenue, Los Angeles, CA 90003

About This Property

Property Photos

205 W Gage Ave Los Angeles, CA 90003

About this home

Michael Tipton

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Structure & Property

Michael Tipton

Sale & Tax History

No Recent Sales History

Location

Location

Open Houses

Listing Agent

Presented by Belmont Brokerage Inc.