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Mixed-Use

4751 Gage Ave

4751 Gage Ave, Bell, CA 90201

Listing Price: $850,000

Cap Rate
3.21%
Number of Units
2
Occupancy
84.0%
Price/Unit
$425,000
Price/Gross SF
$321.00
Gross SF
2,648

Investment Overview

Marcus & Millichap is pleased to present 4751 Gage Ave, a 5-unit mixed-use property located in Bell, California. Built in 1956, the subject property consists of 2,648 rentable square feet spread throughout a .13-acre lot. The building consists of (2) 1-Bedrooms / 1-Bathroom units and (3) Retail suites and a storage room. The offering presents a great value-add opportunity, a new owner can potentially convert the storage space into an ADU and capture over 40 percent upside in rents. The property is well-located just 1.4 miles from the 710-freeway entrance which gives easy access to large employment centers. Additionally, the property is within walking distance from Bell City Hall and Atlantic Ave with numerous dining and retail options. Atlantic and Gage Avenue is the second highest trafficked intersection in the city. The city of Bell is an incorporated city in Los Angeles, meaning the residential units are subject to AB 1482 statewide ordinance. This is an absolutely incredible value-add opportunity to acquire a mixed-use asset in one of the most accessible locations in the city and would be a great addition to any investor’s portfolio.

Investment Highlights

  • WALK SCORE OF "87"; A SHORT .5 MILES FROM ATLANTIC AVENUE
  • TWO 1-BEDROOM UNITS
  • LARGE STORAGE ROOM WITH PLUMBING PROVIDING AN INVESTOR TO EASILY CONVERT TO AN ADU
  • SIX PARKING SPACES ON THE PROPERTY

Exclusively Listed By

Financing By

Mixed-Use

4751 Gage Ave

Listing Price: $850,000

Cap Rate
3.21%
Number of Units
2
Occupancy
84.0%
Price/Unit
$425,000
Price/Gross SF
$321.00
Gross SF
2,648

Investment Highlights

  • WALK SCORE OF "87"; A SHORT .5 MILES FROM ATLANTIC AVENUE
  • TWO 1-BEDROOM UNITS
  • LARGE STORAGE ROOM WITH PLUMBING PROVIDING AN INVESTOR TO EASILY CONVERT TO AN ADU
  • SIX PARKING SPACES ON THE PROPERTY

Investment Overview

Marcus & Millichap is pleased to present 4751 Gage Ave, a 5-unit mixed-use property located in Bell, California. Built in 1956, the subject property consists of 2,648 rentable square feet spread throughout a .13-acre lot. The building consists of (2) 1-Bedrooms / 1-Bathroom units and (3) Retail suites and a storage room. The offering presents a great value-add opportunity, a new owner can potentially convert the storage space into an ADU and capture over 40 percent upside in rents. The property is well-located just 1.4 miles from the 710-freeway entrance which gives easy access to large employment centers. Additionally, the property is within walking distance from Bell City Hall and Atlantic Ave with numerous dining and retail options. Atlantic and Gage Avenue is the second highest trafficked intersection in the city. The city of Bell is an incorporated city in Los Angeles, meaning the residential units are subject to AB 1482 statewide ordinance. This is an absolutely incredible value-add opportunity to acquire a mixed-use asset in one of the most accessible locations in the city and would be a great addition to any investor’s portfolio.

Exclusively Listed By

Financing By

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