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7139 E Gage Ave
Commerce, CA 90040
NO RENT CONTROL! ONLY $165,000/UNIT! · Multifamily Property For Sale
·
15 Units
Property Facts
| No. Units | 15 | Lot Size | 0.24 AC |
| Property Type | Multifamily | Building Size | 6,304 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 2.37/1,000 SF |
| Zoning | R3 - Multiple Dwelling | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 6,304 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 2.37/1,000 SF |
| Zoning | R3 - Multiple Dwelling |
About 7139 E GAGE AVE , COMMERCE, CA 90040
Kristopher German of RE/MAX Commercial is pleased to exclusively offer sale this 15 Unit Multi-Family investment in the city of Commerce. This investment offers a HUGE 40% Upside in Rental Income! No Rent Control! The subject property offers a unit mix of 7(1Bed/1Bth)s and 8 Studios apartments. Tenants enjoy both garage & carport parking. All utilities are master metered. Offered at only $165,000 per unit, and with a Market CAP Rate of 6.21%, a new investor can take advantage of an attractive entry price, and as rental rates are stabilized to market level, a significant cash-on-cash return! (The vast majority of the tenants are long term and on month-to-month rental contracts.)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $1,034 | - |
| Studios | 8 | $772.50 | - |
Property Taxes
| Parcel Number | 6357-016-009 | Improvements Assessment | $1,338,620 |
| Land Assessment | $1,394,398 | Total Assessment | $2,733,018 |
Property Taxes
Parcel Number
6357-016-009
Land Assessment
$1,394,398
Improvements Assessment
$1,338,620
Total Assessment
$2,733,018
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