14943 Gagely Dr - Apartments FOR SALE


La Mirada, CA 90638
$2,150,000 USD
949-756-3232
14943 Gagely Dr, La Mirada, CA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/6
null | 5.18% Cap Rate

14943 Gagely Dr
La Mirada, CA 90638


HIGHLIGHTS

  • Rare Opportunity to Acquire Limited Inventory Asset Within the City of La Mirada
  • Located Approximately Half a Mile Away From Biola University
  • First Time On Market In Over 25 Years
  • Mix of 1 and 2 Bedroom Units
  • Opportunity to Implement Ratio Utility Billing System

OVERVIEW

We are pleased to present a rare opportunity to acquire an eight-unit apartment community located on a private cul-de-sac in La Mirada. The property features a desirable unit mix of four one-bedroom and four two-bedroom apartments, appealing to a wide range of renters. The asset is currently operating at a cap rate of approximately 5% on in-place numbers, offering strong day-one cash flow with meaningful upside potential through interior upgrades and rent increases. Situated less than one mile from Biola University, the property benefits from steady rental demand supported by a consistent student population as well as proximity to major employers, schools, and regional amenities. The location combines a strong rental market with the quiet privacy of a cul-de-sac setting—driving both tenant retention and long-term stability. This is an ideal opportunity for investors seeking a well-located, low-density multifamily asset with immediate income, proven demand drivers, and value-add potential.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$352 USD /SF

# OF UNITS

8

PRICE/UNIT

$268,750

CAP RATE

5.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,784 SF

ZONING

LMR3*

APN/PARCEL ID

8041-024-002

ASK ABOUT THIS PROPERTY

Justin SchneiderTriqor GroupMore Info
949-756-3232

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Justin SchneiderTriqor GroupMore Info
949-756-3232

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.