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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.

Overview

Property Status
Sold
Lot Size
6,336 Sq.Ft.
MLS ID
SR23192982
Property Type
Multi-Family
Year Built
1921

Features & Amenities

Neighborhood
Los Angeles
View Description
Neighborhood
Stories
1
Water Source
Public
Pool
None
Roof
Composition
Lot Features
Sprinklers In Rear
Air Conditioning
Central Air, Heat Pump
Laundry Room
Washer Hookup, Gas Dryer Hookup
Fireplace
None
Appliances
Dishwasher, Gas Oven, Gas Range, Microwave, Tankless Water Heater
Other Interior Features
Attic, Jack and Jill Bath
Sewer
Public Sewer
School District
Los Angeles Unified
Sales Price
$1,250,000
Zoning
LAR2

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1226 W Gage Avenue

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