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Listed by Christopher Joseph, DRE #02074295 • Liberty Real Estate Services
$ 1,199,999
Est. payment /mo
New
726 S Gage AVE Los Angeles, CA 90023
9,029 Sqft Lot
UPDATED:
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

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