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Luda Phipps

info@ludaphipps.com +1(619) 277-5474

$ 1,350,000

Est. payment -/mo

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1008 S Gage Avenue Los Angeles, CA 90023

8 Beds

6 Baths

3,064 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 3,064 sqft

Price per Sqft $440

MLS Listing ID TR26232019

Style Traditional

Bedrooms 8

Full Baths 6

Year Built 1920

Lot Size 6,299 Sqft

Property Sub-Type All Other Attached

Property Description

A completely renovated 3-unit property with a brand-new attached and detached ADU, offers immense flexibility to both investors and owner-users. Live in one unit and rent the others, or hold the whole property as a cash-flow investment. Pro forma GSI is ~$115,200 with a 6.0% cap. Unit mix consists of 1) Front 3-bd / 2-ba of ~1,064 sf, 2) Newly built attached ADU 2-bd / 2-ba of ~798 sf, and 3) Newly built detached ADU of 3-bd / 2-ba of ~1,200 sf. All units are individually metered and addressed, and each comes with its own laundry and appliances. Solar lease on the detached ADU can be assumed or purchased. The long driveway provides some parking spaces, and street parking is readily available. With little to no landscaping needed, operating expenses are limited to water, which can be passed through, and acute/routine maintenance. Located within 6 miles of Downtown LA, this property presents a welcoming opportunity to stake a foothold in the robust LA rental market.

Location

State CA

County Los Angeles

Direction Whittier Blvd & Dennison St

Interior

Heating Forced Air Unit

Cooling Central Forced Air

Flooring Linoleum/Vinyl

Fireplace No

Appliance Solar Panels, Gas Range

Laundry Gas, Washer Hookup

Exterior

Fence Wrought Iron, Vinyl

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Public

Roof Type Asphalt

Porch Concrete

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Senior Community No

Tax ID 5239014016

Acceptable Financing Cash, Conventional, Lease Option

Listing Terms Cash, Conventional, Lease Option

Special Listing Condition Standard

Listed by Kevin Lo, DRE#02008476 Exp Realty of California Inc
Co-listed byLawrence Chen • A + Realty & Mortgage

Luda Phipps

Broker License ID: 02139266

+1(619) 277-5474

Luda Phipps

1008 S Gage Avenue Los Angeles, CA 90023

Key Details

Location

Interior

Exterior

Building

Others

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1008 S Gage Avenue