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(833) HOME-661
Home661
1008 S Gage Avenue, Los Angeles, CA 90023
- $1,350,000
- List Price
- $1,350,000
- Status
- ACTIVE
- MLS#
- TR26232021
- Year Built
- 1920
- Lot Size
- 6,299
- Acres
- 0.14
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 2
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Triplex
- Stories
- One Level
Property Description
A completely renovated 3-unit property with a brand-new attached and detached ADU, offers immense flexibility to both investors and owner-users. Live in one unit and rent the others, or hold the whole property as a cash-flow investment. Pro forma GSI is ~$115,200 with a 6.0% cap. Unit mix consists of 1) Front 3-bd / 2-ba of ~1,064 sf, 2) Newly built attached ADU 2-bd / 2-ba of ~798 sf, and 3) Newly built detached ADU of 3-bd / 2-ba of ~1,200 sf. All units are individually metered and addressed, and each comes with its own laundry and appliances. Solar lease on the detached ADU can be assumed or purchased. The long driveway provides some parking spaces, and street parking is readily available. With little to no landscaping needed, operating expenses are limited to water, which can be passed through, and acute/routine maintenance. Located within 6 miles of Downtown LA, this property presents a welcoming opportunity to stake a foothold in the robust LA rental market.
Additional Information
- Appliances
- Dishwasher, Gas Range, Refrigerator, Range Hood
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- None
- Exterior Construction
- Concrete, Stucco
- Roof
- Asphalt
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- High Ceilings, Open Floorplan, Quartz Counters, Primary Suite, Walk-In Closet(s)
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $115,200
- Operating Expense
- 34560
Listing courtesy of Listing Agent: Kevin Lo (kevin@lorealtygroup.com) from Listing Office: Exp Realty of California Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.