We are please 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,… Read More the property is comprised of four studios and two one-bedroom units, distributed across three buildings. It is being offered at an attractive 7.68 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. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. Read Less
Property listed by Marcus & Millichap, Sean Rosenzweig 310-909-5500
Listing Snapshot
Days Online
12
Last Updated
Property Type
Other
Beds
2
Square Ft.
2,352
Lot Size
0.11 Acres
Year Built
1923
MLS Number
25604721
30 Days Snapshot Of 90003
$603k
+9%
(avg) sold price
7
-30%
homes sold
88
-44%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1923, Building area total: 2,352, Levels: One, Living area: 2352, 1 story, 3 buildings
Income
Gross income: $117,228, Net operating income: $53,627
Lot
0.1132 acres, 4,930 square feet, Size: 4,930
Parking
None
Property
Zoning: LAR4
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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