469 S Gage Ave
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469 S Gage Ave
3 Unit Block of Flats £606,399 (£202,133/Unit) 3.80% Net Initial Yield Los Angeles, CA 90063
Executive Summary
Don’t miss the opportunity to own this well maintained duplex in the East Los Angeles area. The duplex includes 2 units and 1 non-conforming unit: a 1-bedroom/1-bathroom with a bonus room, a 2-bedroom/1-bathroom with a laundry room, and a non-conforming studio unit. The studio has been completely remodeled with a brand-new kitchen and bathroom, while the 2-bedroom unit has also been updated with a new kitchen and bathroom. Additionally, the property includes two one-car garages and a storage area. The property features lovely outdoor spaces, perfect for tenants to enjoy, with shaded areas and grassy lawns. The exterior has recently been painted, and the property is in excellent condition overall. Conveniently located near schools, shopping, freeways, and more, this property offers both comfort and accessibility.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £606,399 | Property Type | Residential |
| Price Per Unit | £202,133 | Property Subtype | Apartment |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Net Initial Yield | 3.80% | Building Size | 1,218 SF |
| Gross Rent Multiplier | 17 | Number of Floors | 3 |
| No. Units | 3 | Year Built | 1924 |
| Price | £606,399 |
| Price Per Unit | £202,133 |
| Sale Type | Investment |
| Net Initial Yield | 3.80% |
| Gross Rent Multiplier | 17 |
| No. Units | 3 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Lot Size | 0.07 AC |
| Building Size | 1,218 SF |
| Number of Floors | 3 |
| Year Built | 1924 |
1 of 1
zoning
| Zoning Code | R4 |
| R4 |
-
Gil Legaspi -
Legaspi Commercial, Inc
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469 S Gage Ave
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