424-428 W Gage Ave - Apartments FOR SALE


Los Angeles, CA 90003- South Central LA
$900,000 USD
213-943-1897
424-428 W Gage Ave, Los Angeles, CA for Sale
$900,000 USD
Apartments - FOR SALE
1/14
null | 5.96% Cap Rate

424-428 W Gage Ave
Los Angeles, CA 90003
South Central LA


HIGHLIGHTS

  • Located in a high-density pocket of South Los Angeles offering residents convenient access to employment hubs, retail, and entertainment
  • Offered at an attractive 7.68 GRM
  • Walk Score of 79 (“Very Walkable”) — most errands can be accomplished on foot
  • Professionally managed and attentively maintained, offering operational stability from day one

OVERVIEW

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased 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, 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.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$383 USD /SF

# OF UNITS

6

PRICE/UNIT

$150,000

CAP RATE

5.96%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6-Units in South LA | 7.68 GRM

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,930 SF

ZONING

LAR4

APN/PARCEL ID

6004-040-002

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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