1000 N Gage Avenue,Los Angeles, CA 90063
Los Angeles, CA 90063
Description
Exceptional hillside land opportunity in the highly desirable City Terrace neighborhood, one of East Los Angeles' rapidly growing residential communities. Set on an expansive 11,190 sq. ft. lot, this prime parcel offers outstanding potential to build a custom single-family home with the opportunity to add an ADU and a Junior ADU, creating the possibility for three total units (buyer to verify with the appropriate agencies). This flexible development potential makes the property ideal for rental income, multigenerational living, or expanded living space. Utilities and sewer connections are available at the street, helping streamline the development process and reduce upfront infrastructure costs. Situated on a paved street, the property is conveniently located just minutes from California State University, Los Angeles, USC Keck Medical Center, Downtown Los Angeles, and major freeways including the 10 and 710, offering convenient access to employment centers, education, healthcare, and entertainment. City Terrace continues to emerge as one of Los Angeles' most sought-after residential enclaves, driven by ongoing revitalization, strong buyer demand, and an influx of young professionals. Its central location and proximity to major institutions make it an attractive option for homeowners, investors, and developers alike. The nearby university also presents potential opportunities for student housing or investment income. Whether you're a developer, investor, or owner-builder, this is a rare opportunity to secure a prime piece of land in one of East Los Angeles' most promising growth markets and bring your vision to life.
Details
| MLS # | 26864319 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 99 |
| Listing Provided By | Brokers Trust Real Estate Group | Fernando Lara |
Features
| Zoning | R1 |
|---|---|
| Acreage | 0.26 |
| Property View | Yes |
Exterior
| Lot Features | Rectangular Lot, Sloped Up |
|---|
Utilities
| Utilities | Overhead Utilities |
|---|---|
| Sewer | Other |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90063 |
| Area | ELA East Los Angeles |
| Listing VS Median (in 90063) | |
Price: $119,000 low | high Med: $750,000 On site: 99 low | high Med: 9 | |
Market Activity 90063
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90063 |
| Area | ELA East Los Angeles |
| Listing VS Median (in 90063) | |
Price: $119,000 low | high Med: $750,000 On site: 99 low | high Med: 9 | |
