$1,350,000

Multi Family In Los Angeles

  • 8 Beds
  • 6 Baths
  • 6,299 Sqft lot
  • Updated: November 1
  • Source:
    San Diego MLS  MLS#TR26232021

About the Property

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) Newl
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.
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  • Property type

    Other

  • Floors

    1

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1008 S Gage Avenue, Los Angeles, California, United States View on Google Maps
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Exp Realty of California Inc - San Ramon

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Exp Realty of California Inc - San Ramon
California, United States
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11
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2026
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Exp Realty of California Inc - San Ramon
San Ramon, California, United States
View agency profile
Last updated
November 1
First listed
November 1
Listing reference
TR26232021
Listing status
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