927 Gage Ave, Los Angeles, CA 90044

4 Unit Apartment Building | $995,000 ($248,750/Unit) | 6.09% Cap Rate | Los Angeles, CA 90044

Asking Price $995,000

Property Type
Multifamily
Square Feet
3,201 SF

Listing Contacts

Kirk Garabedian
Kirk Garabedian

Property Overview

* Vacant Unit Ready: One unit is available for immediate move-in upon closing.
* Modern Upgrades: Renovated units feature contemporary designs, mini-split systems, and new kitchen and bathroom fixtures.
* Spacious Units: Four ground-floor 2-bedroom, 1-bathroom units, totaling 3,200 sq. ft. on over 6,100 sq. ft. of land.
* Prime Location: Located on Gage Avenue, under half a mile from the 110 Freeway, in a mixed residential area.
* Strong Rental Income: Three units generate over $4,900 per month in rent.
We are pleased to present a four-unit property, with one unit currently vacant and available for immediate occupancy upon the close of escrow. This vacant unit, along with an additional unit, has been extensively renovated, featuring modern design elements and high-quality finishes. The property comprises four spacious 2-bedroom, 1-bathroom units, all located on the ground floor. According to public records, the building encompasses 3,200 square feet and is situated on a lot exceeding 6,100 square feet.
The available unit has been significantly upgraded, including the installation of mini-split systems, a new kitchen with contemporary cabinets and countertops, a renovated bathroom, and updated plumbing.
Conveniently located on Gage Avenue, the property is less than half a mile from the 110 Freeway, situated between Hoover and Vermont. The surrounding area includes a mix of single-family residences and apartment buildings.
The remaining three units generate a total rental income of over $4,900 per month, providing a substantial contribution towards the purchase and living expenses for potential buyers.

Property Details

Class
C
Year Built/Renovated
1957/2024
Stories
1
Lot Size (sq. ft)
6,098 SF
Units
4

Highlights

  • Vacant Unit Ready: One unit is available for immediate move-in upon closing.
  • Modern Upgrades: Renovated unit feature contemporary designs, mini-split systems, and new kitchen and bathroom fixtures.
  • Spacious Units: Four ground-floor 2-bedroom, 1-bathroom units, totaling 3,200 sq. ft. on over 6,100 sq. ft. of land.
  • Prime Location: Located on Gage Avenue, under half a mile from the 110 Freeway, in a mixed residential area.
  • Strong Rental Income: Three units generate over $4,900 per month in rent.

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