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Map
$3,609,493*
●
Multifamily -
Off Market
7141 E Gage Avenue
Commerce, CA 90040
Studio
0 Bath
$2,228,000 - $2,722,000
Reference Base Price*
45.84%
Since Dec 1, 2019
CA-Los Angeles
Primary Model
About This Property
We are pleased to exclusively offer sale this 15 Unit Multi-Family
investment in the city of Commerce. This investment offers a HUGE
40% Upside in Rental Income! No Rent Control! The subject property
coffers a unit mix of 7(1Bed/1Bth)s and 8 Studios apartments.
Tenants enjoy an onsite laundry facility, and both garage &
car-port parking. All utilities are master metered. Offered at only
$165,000 per unit, and with a Market CAP Rate of 6.21%, a new
investor can take advantage of an attractive entry price, and as
rental rates are stabilized to market level, a significant
cash-on-cash return! (The vast majority of the tenants are long
term and on month-to-month rental contracts.)
Unit Size
-
Days on Market
-
Land Size
10,401.00 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1958
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 28, 2019 | No longer available | - | |
| No longer available | |||
| Nov 26, 2019 | Relisted | $2,475,000 | |
| Relisted | |||
| Nov 16, 2019 | No longer available | - | |
| No longer available | |||
| Nov 9, 2019 | No longer available | - | |
| No longer available | |||
| Nov 2, 2019 | No longer available | - | |
| No longer available | |||
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Property Highlights
7141 E Gage Avenue
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
06/15/2019
|
|
Studio
|
-
|
-
|
$2,475,000
Studio
-
|
-
-
|
-
|
-
|
Building Info
