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Multifamily

927 W Gage Ave

927 W Gage Ave, Los Angeles, CA 90044

Listing Price: $1,195,000

Cap Rate
4.23%
Number of Units
4
Price/Unit
$298,750
Price/Gross SF
$373.32
Gross SF
3,201

Investment Overview

Marcus & Millichap is pleased to present to market 927 West Gage Avenue, a fourplex in Los Angeles, California. This offering presents a great opportunity for an investor to acquire a partially renovated asset with a desirable unit mix, strong rental location, and 45 percent potential upside in rents. 927 West Gage Avenue is a single-story 1957 construction with four two-bedroom/one-bath units that average 800 square feet. The units are separately metered for gas and electricity, and there is one surface parking space for each unit. Furthermore, the property boasts a brand new roof, new exterior paint, and one unit has been completely renovated with new flooring, an updated kitchen and an updated bathroom. The property is located in the dense rental submarket of South LA just minutes west of the 110 Freeway near Vermont Avenue. From this location, tenants have easy access to Expo Park, the LA Coliseum, Banc of California Stadium, and Downtown LA (all within 10 minutes of the property) as well as SoFi Stadium and the Kia Forum (within 15 minutes).

Investment Highlights

  • Desirable Single-Story Fourplex With All Two-Bed/One-Bath Units That Average 800 Square Feet
  • 45 Percent Potential Upside in Rents
  • Recent Improvements Include a New Roof, New Exterior Paint, and the Complete Remodel of One Unit
  • Strong Rental Location in South LA West of the 110 Freeway With Easy Access to Expo Park (LA Coliseum, Banc of California Stadium, Lucas Museum), Downtown LA, USC, and More

Exclusively Listed By

Multifamily

927 W Gage Ave

Listing Price: $1,195,000

Cap Rate
4.23%
Number of Units
4
Price/Unit
$298,750
Price/Gross SF
$373.32
Gross SF
3,201

Investment Highlights

  • Desirable Single-Story Fourplex With All Two-Bed/One-Bath Units That Average 800 Square Feet
  • 45 Percent Potential Upside in Rents
  • Recent Improvements Include a New Roof, New Exterior Paint, and the Complete Remodel of One Unit
  • Strong Rental Location in South LA West of the 110 Freeway With Easy Access to Expo Park (LA Coliseum, Banc of California Stadium, Lucas Museum), Downtown LA, USC, and More

Investment Overview

Marcus & Millichap is pleased to present to market 927 West Gage Avenue, a fourplex in Los Angeles, California. This offering presents a great opportunity for an investor to acquire a partially renovated asset with a desirable unit mix, strong rental location, and 45 percent potential upside in rents. 927 West Gage Avenue is a single-story 1957 construction with four two-bedroom/one-bath units that average 800 square feet. The units are separately metered for gas and electricity, and there is one surface parking space for each unit. Furthermore, the property boasts a brand new roof, new exterior paint, and one unit has been completely renovated with new flooring, an updated kitchen and an updated bathroom. The property is located in the dense rental submarket of South LA just minutes west of the 110 Freeway near Vermont Avenue. From this location, tenants have easy access to Expo Park, the LA Coliseum, Banc of California Stadium, and Downtown LA (all within 10 minutes of the property) as well as SoFi Stadium and the Kia Forum (within 15 minutes).

Exclusively Listed By

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