REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,199,999
Est. payment /mo
New
726 S Gage Avenue Los Angeles, CA 90023
7 Beds
5 Baths
9,029 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26201971
Bedrooms 7
Lot Size 9,029 Sqft
Property Sub-Type Res Income 2-4 Units
Property 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 Buyers 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.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Use GPS
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5239015027
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Christopher Joseph, DRE#02074295 Liberty Real Estate Services
Co-listed byJames Joseph • Liberty Real Estate Services
Co-listed byJames Joseph • Liberty Real Estate Services
NEARBY SCHOOL & BUSINESS