Price Reduction! 6-unit value-add building with 12 parking spaces cash flowing at a 5.25% Cap Rate from day 1 with upside to a 10.1% Cap on Proforma! Almost RTI plans to add 6 detached ADUs to achieve an incredible 12% Current Cap Rate, 15.2% Proforma Cap, and only 159k/unit after taking into account all the construction costs (~670k assuming $250/SF). 3 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, new windows for all units, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime location just minutes away from Downtown LA, USC, BMO Stadium,
Renovated units • 6 unit building • Updated cabinets
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ABOUT THIS HOME
South LA, CA Homes for Sale
We are please to offer for sale 424 West Gage Avenue, a 6-unit apartment community located immediately west of the 110 Freeway and south of Slauson Avenue. The property boasts a Walk Score of 79 ("Very Walkable"), with most daily errands easily accomplished on foot. Situated on a 4,930-square-foot parcel, the property is comprised of four studios and two one-bedroom units, distributed across three buildings. It is being offered at an attractive 7.68 GRM. 424 West Gage Avenue presents investors with the opportunity to acquire a stabilized, easy-to-manage asset in a dense infill pocket of South Los Angeles, supported by continued public and private investment throughout the area. PL
This Centrally Located Duplex is a First Time Buyers Delight!!! It offers 2 Bedrooms, 1 Bath in each unit. The rear unit has been totally remodeled! The property has numerous upgrades to include a New Sewer Line, New Foundation in the Backyard and a Gazebo!!! This is a must see. Located in close proximity to Freeways, Hospitals, Shopping and More! Just minutes to Downtown LA, the new Inglewood Rams Stadium and SOFI via 110 and 105 Freeways!
150 W 33rd St is a 4,744 square foot multi-family 8 unit 2 story home on a 5,062 square foot lot. Has front gate entrance. Only 4 minutes from one of the best private University Shools in SoCal, USC! 6 mins from Los Angeles Convention Center & Crypto Arena, and proximity to "City of Angels", Downtown Los Angeles. This beautiful property won't last long.