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1620 E Gage Avenue

Los Angeles (City), CA 90001
  • $665,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: SR22093724
Price Reduced
UPDATED: 25 min ago
$665,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Listing Agent(s): Enrique Campos of Century 21 Plaza (818-892-9314)


Description

Excellent mixed use investment property in the thriving city of Los Angeles. Perfect for an investor looking to diversify their portfolio and generate cash flow. This property features (2) 1 bedroom 1 bath units, (1) 2 bedroom 1 bath unit and a Mini Market. It's zoned R3 which gives it GREAT potential for someone with vision. This opportunity is centrally located near major freeways such as the 10FWY, 5FWY & 110FWY. Also, not too far from major attractions such as Downtown LA & Staples Center.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T21:30:18.813. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128413263
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1620 E Gage Avenue Los Angeles (City), CA 90001

  • Price: $665,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 25 min ago
  • ID#: SR22093724
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1925
Built
Neighborhood:
C34 - Los Angeles Southwest
County:
Los Angeles
Area:
C34 - Los Angeles Southwest
Property Description
Excellent mixed use investment property in the thriving city of Los Angeles. Perfect for an investor looking to diversify their portfolio and generate cash flow. This property features (2) 1 bedroom 1 bath units, (1) 2 bedroom 1 bath unit and a Mini Market. It's zoned R3 which gives it GREAT potential for someone with vision. This opportunity is centrally located near major freeways such as the 10FWY, 5FWY & 110FWY. Also, not too far from major attractions such as Downtown LA & Staples Center.
Exterior Features

Lot Features Corner Lot Number Of Separate Electric Meters 4 Parking Features Garage Faces Front Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No View City Lights View YN Yes

Interior Features

Accessibility Features Safe Emergency Egress From Home Common Walls No Common Walls Fireplace Features None Fireplace YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.8 Common Interest None Community Features Sidewalks Contingency None Current Financing Other Disclosures Principal is Real Estate LicensedRent Control Electric Standard Garage YN Yes Gross Income 48000 Gross Scheduled Income 48000 Insurance Expense 2800 Land Lease YN No Laundry Features See Remarks Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Maintenance Expense 1500 Net Operating Income 32800 New Construction YN No New Taxes Expense 8500 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 15200 Other Expense 0 Possession See Remarks Property Sub Type Mixed Use Rent Control YN Yes Security Features Smoke Detector(S) Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 0 Utilities Water Connected Vacancy Allowance 0 Water Sewer Expense 2400 Water Source Public Zoning Lcr3yy



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T21:30:18.813. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Enrique Campos of Century 21 Plaza (818-892-9314)