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Beryl Mann

beryl.mann@engelvoelkers.com +1(805) 657-1441

Listed by Kevin Lo • Exp Realty of California Inc

$ 1,350,000

Est. payment -/mo

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1008 South Gage Avenue Los Angeles, CA 90023

8 Beds

6 Baths

3,064 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,064 sqft

Price per Sqft $440

MLS Listing ID TR-26232019

Style Traditional

Bedrooms 8

Full Baths 6

Year Built 1920

Lot Size 6,299 Sqft

Property Sub-Type Triplex

Source California Regional Multiple Listing Service (CRMLS)

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.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Interior

Interior Features High Ceilings, Open Floorplan, Kitchen Island, Quartz Counters, Remodeled Kitchen, Self-Closing Cabinet Doors, Self-Closing Drawers

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplaces Type None

Laundry Gas Dryer Hookup, In Closet, Washer Hookup

Exterior

Parking Features Driveway

Pool None

Community Features Sidewalks, Street Lights

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

View Y/N No

View None

Building

Lot Description Level, Lot 6500-9999

Sewer Public Sewer

NEARBY SCHOOLS & PROPERTIES

Beryl Mann

Advisor License ID: DRE # 00447565

+1(805) 657-1441

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