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209 E Gage Ave
Los Angeles, CA 90003
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$179,900
Off Market
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Area: Los Angeles Southwest
Sq. Feet: 1,907 (approx)
Lot Size: 4,704 (approx)
Year Built: 1924
MLS# S624205
 More information
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2 buildings with 3 total units. Front building has two units a downstairs and an upstairs unit. The downstairs 1 bedroom unit (# 211) is fully occupied earning $1,300 per month with a long-term Section 8 tenant. The upstairs 2 bedroom unit (#211 1/2) was recently vacated and will be sold as such. The previous tenant was paying $1,150 per month. The 2nd building is a single story 4 bedroom unit (# 209) and is fully occupied earning and estimated $1,700 per month with a long-term Section 8 tenant. Estimated annual gross income could be up to $49,800 or $4,150 per month. Estimated annual operating income could be up to $42,000 or $3,500 per month. Based on the estimated annual operating income the annual cap rate or return on investment could be over 23%. LAHD compliance repairs were completed to all 3 units including the interior and exteri or in February 2010. Great investment property to add to your real estate portfolio or for a first time real estate investor. Hurry before it's SOLD!
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Interior Features
Floor - Carpet - Partial
Appliances - Freestanding Gas Range
Heating - Wall Gas
Misc Interior Features - Entrance - Living Room
Local Schools
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Exterior Features
Exterior - Stucco/Wood
Pool - No Pool
Roof - Composition/Shingle
Parking Space - Off Street Parking, Garage Detached, Driveway - Concrete, Garage - Front Entry
Patio - Porch - Front
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© 2010 SoCal MLS.. All rights reserved.
The accuracy of all informatio.j
Last SoCal MLS Data Update: 9/8/2010 |
Listing courtesy of
List Office of Record: [Ken Dixon~Dre #: 01455821~RE/MAX Select One]
List Agent of Record: [Ken Dixon]
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