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    1503--1641 E Gage Ave

    Los Angeles, CA 90001
    • $4,250,000
    • STATUS: Active
    • ON SITE: 45 days
    • ID#: 20-647862
    UPDATED: 15 min ago
    $4,250,000
    • 30
      BEDS
    • 33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,000
      SQFT
    • $304
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2007
    County:

    School Ratings & Info

    Description

    Not subject to Los Angeles Rent Control nor AB 1482 Rent control. This 2009 construction is all 3 bed 3 bathroom townhomes and is an ideal property for an investor looking for cash flow, with low repairs and maintenance and not tied to any current rent control laws. With units $200-$400 below market rents, this presents an opportunity for an investor to raise rents by modernizing the interiors. Ample parking and large sized units. Call for more information or detailed offering memorandum.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-01T12:42:46.157. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/111095323
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    1503--1641 E Gage Ave Los Angeles, CA 90001

    • Price: $4,250,000
    • Status: Active
    • Updated: 15 min ago
    • ID#: 20-647862
    30
    Beds
    0
    Baths
    0
    ½ Baths
    33
    Acres
    14,000
    SQFT
    $304
    $/SQFT
    2007
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    Not subject to Los Angeles Rent Control nor AB 1482 Rent control. This 2009 construction is all 3 bed 3 bathroom townhomes and is an ideal property for an investor looking for cash flow, with low repairs and maintenance and not tied to any current rent control laws. With units $200-$400 below market rents, this presents an opportunity for an investor to raise rents by modernizing the interiors. Ample parking and large sized units. Call for more information or detailed offering memorandum.
    Exterior Features

    Lot Size Area 14375 Other Structures None Parking Garage Garage - 2 CarTandem Total Parking 20

    Interior Features

    Baths Total 30.00 Cooling None Equipment None Heating None

    Property Features

    Gross Income 0 Gross Operating Income 266070 Like Units1 10 Net Operating Income 191135.00 Number Of Buildings 10 Number Of Units 10 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 74935 Type Of Units Sfr's Year Built Source Assessor Zoning Lcr3*

    Listing provided courtesy of Jonathan Weir DRE#02038545 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-01T12:42:46.157. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211