$495,000

205 W Gage Avenue, Los Angeles, CA 90003

2 beds |
1 bath |
988 sqft

Single-Family Home
Built in 1910
4,722sqft lot
—— car garage
$501/sqft
Listed 2 days ago

Property Description

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.

Listing Status:: Active
Date Added:: April 6, 2026
Data Last Updated:: April 8, 2026 at 11:19PM
Listing Office:: Coldwell Banker Realty : 310-820-6651
Listing Agent:: Michael Tipton : 310-403-3558
MLS ID:: 26666359

Laundry: Inside
A/C: None
Heating: None
Fireplace: None

General: None
Style: Craftsman
Pool: None
Parking: DrivewayParking spaces: 0

General: 1

Originating MLS: CRMLS_CL
County: Los Angeles

Zoning: LAR26005021030
View: None

Source: CRMLS_CL

This listing courtesy of Michael Tipton , Coldwell Banker Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

61st Street Elementary School

6020 S Figueroa St, Los Angeles, CA, 90003

Grades KG-6

0.35 miles away

Bethune Middle School

155 W 69th St, Los Angeles, CA, 90003

Grades 7-8

0.32 miles away

Augustus F. Hawkins High School - Responsible Indigenous Social Entrepreneurship

825 W 60th St, Los Angeles, CA, 90044

Grades 9-12

0.73 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.