Log In/Sign Up
Your email has been sent.
6-Units in South LA | 7.70 GRM 424-428 W Gage Ave 6 Unit Apartment Building $850,000 ($141,667/Unit) 5.94% Cap Rate Los Angeles, CA 90003
INVESTMENT HIGHLIGHTS
- Located in a high-density pocket of South Los Angeles offering residents convenient access to employment hubs, retail, and entertainment
- Walk Score of 79 (“Very Walkable”) — most errands can be accomplished on foot
- Offered at an attractive 7.70 GRM
- Professionally managed and attentively maintained, offering operational stability from day one
EXECUTIVE SUMMARY
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 7.70 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.
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 7.70 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.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $850,000 | Property Subtype | Apartment |
| Price Per Unit | $141,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.94% | Building Size | 2,352 SF |
| Gross Rent Multiplier | 7.7 | No. Stories | 1 |
| No. Units | 6 | Year Built | 1923 |
| Property Type | Multifamily | ||
| Zoning | LAR4 | ||
| Price | $850,000 |
| Price Per Unit | $141,667 |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| Gross Rent Multiplier | 7.7 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,352 SF |
| No. Stories | 1 |
| Year Built | 1923 |
| Zoning | LAR4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (74)
1 of 15
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
6-Units in South LA | 7.70 GRM | 424-428 W Gage Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.