Properties
Los Angeles, CA 90003 424 W Gage Avenue
$850,000
2 more
Presented By: Sean Rosenzweig with Marcus & Millichap;
Beds • 2
Baths • 1
SQFT • 2,352
Home Details
We are is pleased to offer for sale 424 West Gage Avenue, a 6-unit apartment community located immediately west of the 110 Freeway and south of Slauson Avenue. The property boasts a Walk Score of 79 ("Very Walkable"), with most daily errands easily accomplished on foot.Situated on a 4,930-square-foot parcel, the property is comprised of four studios and two one-bedroom units, distributed across three buildings. It is being offered at an attractive 7.70 GRM.424 West Gage Avenue presents investors with the opportunity to acquire a stabilized, easy-to-manage asset in a dense infill pocket of South Los Angeles, supported by continued public and private investment throughout the area.
Presented By: Sean Rosenzweig with Marcus & Millichap;
Interior Features for 424 W Gage Avenue
Bedrooms
Total Bedrooms2
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths6
Other Interior Features
LivingAreaSourceAssessor
Total Stories1
General for 424 W Gage Avenue
Cap Rate5.94
CityLos Angeles
CountyLos Angeles
DirectionsWest of the 110 Freeway and South of Slauson Avenue
Full Baths
Gross Income110357
HOANo
LevelsOne
Living Area2352
Lot Size Square Feet4930
Lot Size UnitsSquare Feet
MLS AreaC42 - Downtown L.A.
Net Operating Income50471
New ConstructionNo
Number Of Units Total6
PostalCityLOS ANGELES
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Year Built1923
Year Built SourceAssessor
ZoningLAR4
Exterior for 424 W Gage Avenue
Building Area Total2352
Lot Dimensions40x123
Lot Size Acres0.1132
Lot Size Area4930
Lot Size SourceAssessor
Number of Buildings3
Parking FeaturesNone
Total Parking0
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
