726 S Gage AVE, Los Angeles, CA 90023
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Listed by Christopher Joseph, DRE #02074295 • Liberty Real Estate Services
$ 1,199,999
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726 S Gage AVE Los Angeles, CA 90023

9,029 Sqft Lot


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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW26201971

Year Built 1912

Lot Size 9,029 Sqft

Source California Regional MLS

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 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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Exterior

Garage Spaces 2.0

Pool None

Building

Story One Story

Sewer TBD

Water District - Public

Others

Tax ID 5239015027


MLS Listing IDX PLUS
Meeko Li

Meeko Li

Agent License ID: 01855766

+1(408) 458-6383

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726 S Gage AVE