7141 E Gage Avenue, City Of Commerce

$2,475,000

0 Beds
0 Baths
6,304 Sqft
10,401 Lot Sqft
2 Garages

We are 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 an onsite laundry facility, and 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.)

Essential Information
MLS® #CV19140811
Price$2,475,000
Bathrooms0.00
Square Footage6,304
Lot Sqft10,401
Acres0.24
Year Built1958
TypeResidential Income
StatusPending
No of Units15
Community Information
Address7141 E Gage Avenue
CityCity Of Commerce
CountyLos Angeles
StateCA
Zip Code90040
Area

Bell Gardens, Bell E of 710, Commerce S of 26

Amenities
Parking Spaces17
# of Garages2
Interior
AppliancesNone
Exterior
Lot Description11-15 Units/Acre
Additional Information
Date ListedJune 15th, 2019
Days on Market46
ZoningR3
Listing Details
AgentKristopher German(01800021)
OfficeRE/MAX 2000
Property History
Status Changed from Active to Pending
LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of September 17th, 2019 at 5:17am CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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