Investor ready! Turnkey property, 5 units with long term tenancy. What you see first is a long wide driveway with a solid wrought iron fence and front yard nicely maintained with grass that leads you to the front house porch. The house has 2 bedrooms, 1 bath, living room, dining room with beautiful moldings throughout, kitchen and laundry area. There are 4 apartments in the back, 2 of them have 2 bedrooms 1 bath, living room, kitchen and enough space for washer and drier. The other 2 apartments have 1 bedroom and 1 bath, living room and kitchen. The apartment building has two apartments on the bottom floor and two on top. All windows are double pane and the floors are original wood. Each unit has an iron screen front door. There are stairs on both sides of the apartment building with wrought iron handrail decorated with terracota plants to access the top apartments. The top apartments have a view of downtown LA, it is that close. There are 3 parking spaces between the two buildings, the house and the apartments. Each unit has an individual unit number, water heater, gas meter & electric meter. It is close to public transportation, laundromat, bakery, banks, restaurants and supermarkets. Close to FWYS 60, 5, 10 and 710. The property has been maintained to the highest standards. Please do not disturb the tenants.
Off market
Street View
$1,336,300
124 N Gage Ave #5, Los Angeles, CA 90063
8beds
5baths
4,175sqft
Commercial/Residential
Built in 1908
-- sqft lot
$1,336,300 Zestimate®
$320/sqft
$3,898 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
Appliances
- Laundry: See Remarks
Features
- Laminate Counters, Formica Counters, Corian Counters, Wired for Data, Ceiling Fan(s)
- Flooring: Tile, Hardwood, Linoleum / Vinyl
- Doors: Insulated Doors
- Windows: Screens, Double Pane Windows
- Common walls with other units/homes: 2+ common walls
Interior area
- Total interior livable area: 4,175 sqft
Property
Parking
- Total spaces: 4
Features
- Levels: Two, Multi/Split
- Fencing: Wrought Iron, Wood
- Has view: Yes
- View description: City
Lot
- Size: 7,418 sqft
- Features: 2-5 Units/Acre, Front Yard, Landscaped, Lawn, Level with Street, Utilities - Overhead
Details
- Parcel number: 5233008023
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow, Contemporary
- Property subtype: Commercial/Residential
Condition
- Turnkey
- Year built: 1908
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: See Remarks
Community & neighborhood
Location
- Region: Los Angeles
Other
Other facts
- CommunityFeatures: Sidewalks, Street Lights
- PropertyType: Residential Income
- SpecialListingConditions: Standard
- CommonWalls: 2+ common walls
- Levels: Two, Multi/Split
- PreviousStandardStatus: Active
- LotFeatures: 2-5 Units/Acre, Front Yard, Landscaped, Lawn, Level with Street, Utilities - Overhead
- MLSAreaMajor: 699 - Not Defined
- Fencing: Wrought Iron, Wood
- ArchitecturalStyle: Bungalow, Contemporary
- FoundationDetails: Raised
- InteriorFeatures: Laminate Counters, Formica Counters, Corian Counters, Wired for Data, Ceiling Fan(s)
- ExteriorFeatures: Rain Gutters
- PropertyCondition: Turnkey
- WindowFeatures: Screens, Double Pane Windows
- Roof: Shingle
- View: City Lights
- LaundryFeatures: See Remarks
- Cooling: See Remarks
- Heating: See Remarks
- Utilities: See Remarks
- DoorFeatures: Insulated Doors
- Electric: Electricity - On Property
- BuildingAreaUnits: Square Feet
- ElevationUnits: Feet
- RoadSurfaceType: Paved
- PropertySubType: Commercial/Residential
- LotSizeSource: Assessor
- WaterSource: Public
- RoadFrontageType: City Street
- Flooring: Tile, Vinyl, Wood
- TaxTractNumber: 531102
- Sewer: Public Sewer
- StandardStatus: Pending
- ParcelNumber: 5233008023
- TaxAnnualAmount: 9555.00
- SeniorCommunityYN: 0
- CommonInterest: Community Apartment
- Road surface type: Paved
Services availability
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Estimated market value
$1,336,300