726 S Gage AVE, Los Angeles, CA 90023
$1,199,999
Est. payment /mo
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9,029 Sqft Lot
New

726 S Gage AVE Los Angeles, CA 90023

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26201971

HOA Y/N No

Year Built 1912

Lot Size 9,029 Sqft

Property Sub-Type Apartment

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

Zoning LCR4YY

Interior

Fireplace No

Laundry See Remarks

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Street Lights

Total Parking Spaces 2

Private Pool No

Building

Lot Description Front Yard

Story 1

Entry Level One

Sewer Unknown

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5239015027

Energy Description 1.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Trust

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Christopher Joseph Liberty Real Estate Services chrisjosephrealestate@gmail.com, DRE #02074295

NEARBY SCHOOL & BUSINESS

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Patrick Fossati

Patrick Fossati

Broker Associate License ID: 01907255

+1(805) 910-0463

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