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For Sale

$1,199,999

9,030 sqft$133/sqft46 days on market

726 S Gage Avenue

Los Angeles, CA 90023

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

9,030

Square feet

1912

Built

Listing narrative

Description

Excellent value-add opportunity to acquire a five-unit multifamily property in the East Los Angeles area. Situated on an approximately 9,000-square-foot lot, the property consists of three separate residential structures totaling approximately 3,036 square feet and offers a diverse unit mix. The current seller-provided rent roll generates approximately $5,700 per month, or $68,400 annually, providing an investor the opportunity to acquire an established income-producing property with potential for future rental growth subject to applicable laws and regulations. Conveniently located near major transportation corridors, shopping, employment centers and Downtown Los Angeles. Five units, three structures, one parcel and a substantial lot create an attractive long-term investment opportunity. Buyer to independently verify square footage, unit configuration, permits, zoning, rents, expenses and all other property information. All information is deemed reliable but not guaranteed. Buyer and Buyer’s Agent to independently verify all information, including but not limited to square footage, lot size, zoning, permitted uses, rents, expenses, income, permits, and property condition. Buyer to conduct all due diligence and satisfy themselves as to the accuracy of all information.

Listing agent (MLS): Christopher Joseph · Listing brokerage (MLS): Liberty Real Estate Services

Property Details

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Price

$1,199,999

Beds

Beds n/a

Type

Condo

Home Size

9,030 sqft

Baths

Baths n/a

Lot Size

0.21 acres

Year

1912

Status

For Sale

Days on Market

46

$ / Sqft

$133

· 8% down, 7% APR, 30yr fixed
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Courtesy of Liberty Real Estate Services