1008 S Gage AVE, Los Angeles, CA 90023
1008 S Gage AVE, Los Angeles, CA 90023
1008 S Gage AVE, Los Angeles, CA 90023
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Kevin Lo, DRE #02008476 • Exp Realty of California Inc
$1,350,000
Est. payment /mo
8 Beds
6 Baths
3,064 SqFt
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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 CRTR26232019

Style Traditional

Bedrooms 8

Full Baths 6

Year Built 1920

Lot Size 6,299 Sqft

Property Sub-Type Triplex

Source California Regional MLS

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

Rooms

Dining Room In Kitchen

Kitchen Oven Range - Gas

Interior

Heating Central Forced Air

Cooling Central AC

Fireplaces Type None

Laundry Gas Hookup, In Closet, 30

Exterior

Parking Features Other

Fence Other, 22

Pool 31, None

View None

Roof Type 2

Building

Lot Description Grade - Level

Story One Story

Foundation Concrete Slab

Water District - Public

Architectural Style Traditional

Others

Tax ID 5239014016

Special Listing Condition Not Applicable

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Sharad Gupta
Sharad Gupta

Broker License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA 95054, USA

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1008 S Gage AVE

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