1226 Gage Avenue

Los Angeles, CA 90044

$1,250,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $441 / sqft

1921

calendar_month Built

Property Description

We are pleased to present this vacant 3-unit property located in the heart of South Los Angeles. The completely renovated duplex consists of two (2) 2-bedroom, 1-bath units, each just over 800 square feet, and one (1) detached 1200-square-foot brand-new construction accessory dwelling unit with 4 bedrooms and 2 baths. Each unit is equipped with a brand-new HVAC system, double-pane windows, a tankless water heater, and washer/dryer hook-ups. All units feature white shaker cabinets, quartzite countertops, stainless steel appliances, and luxury waterproof flooring. Each unit has its separate gas and electric meters. A paid-off solar system has been installed on the ADU. There is a long driveway that can accommodate 4-5 cars. The lot perimeter is secured with block walls and a wrought-iron gate. Potential gross rents can range from $9,000 to $10,000, achieving a high cap rate. It's conveniently located near public transportation and major freeways.

Listing Information

Close Price $1,250,000
Close Date Friday, February 23rd, 2024
Status Closed
MLS SR23196169
Type Residential Income
Subtype Triplex
Year Built 1921
Lot Size 6,336
Structure Size N/A
DOM 90
Courtesy Of Re/Max Luxe
Listing Agent Ashkan Etemad-Sadati DRE#01994702

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Ashkan Etemad-Sadati, Re/Max Luxe . *Based on information from the Association of REALTORS/Multiple Listing as of Feb 23rd, 2024 at 7:05 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.