BEDS8
BATHS6 full
SQUARE FEET3,064
MLS#TR26232019
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLLos Angeles Unified
Listing Courtesy of:
Exp Realty of California Inc
Agency Phone: 888-584-9427
Associate Name: Kevin Lo
Listing Shown by:
Watson Realty
Associate Name: TEAM T.P.G.
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: CentralAir
Heating: Central
Home Style: Traditional
Lot Size: 0.14 Acres
Roof Type: Asphalt
Stories: 1.0
Year Built: 1920
Amenities
EatInKitchen
HighCeilings
OpenFloorplan
QuartzCounters
PrimarySuite
WalkInClosets
Feature Descriptions
Appliances: GasRange
Community Features: StreetLights, Sidewalks
Exterior: Stucco
Fencing: Vinyl, WroughtIron
Fireplace: None
Flooring: Vinyl
Laundry: WasherHookup, GasDryerHookup, LaundryCloset
Lot: Level
Parcel#: 5239014016
Parking: Driveway
Parking Notes: Driveway
Patio/Porch: Concrete
Sewer: PublicSewer
Spa: None
Units: 3
Utilities: ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
Water: Public
Window: DoublePaneWindows
Local Schools
School District: Los Angeles Unified
Listed By / Shown By
Listed By
Agency Name: Exp Realty of California Inc
Agent Name: Kevin Lo
Agency Phone: 888-584-9427
Shown By
Agent Name: TEAM T.P.G.
Agent Phone:
Agency Title: Watson Realty
Estimate Your Payment
Estimated Payment
$ 3,398.26 per month $3,004.51 Principal & Interest $0.00 Property Tax (data not provided by mls) $393.75 Homeowner's Insurance
1008 S Gage Avenue | MLS# TR26232019
This multi-family property located at 1008 S Gage Avenue , Los Angeles, CA 90023 is currently listed for sale with an asking price of $1,350,000. S Gage Avenue is located within the Los Angeles Unified school district. Search Los Angeles real estate on t-p-g.cce-escrow.com today.