726 S Gage Avenue
Los Angeles, CA, 90023 $ 1,199,999
Bedrooms-- Baths2.0 Sq 3,036 Monthly Estimate*
$ 8,288
Listed by Christopher Joseph, Liberty Real Estate Services, chrisjosephrealestate@gmail.com
for $1,199,999 with 2 full baths. This 3,036 square foot home was built in 1912 on a lot size of 0.2073.
Excellent value-add opportunity to acquire a five-unit multifamily property in the East Los Angeles area. Situated on an approximately 9,000-square-foot lot, the property consists of three separate residential structures totaling approximately 3,036 square feet and offers a diverse unit mix. The current seller-provided rent roll generates approximately $5,700 per month, or $68,400 annually, providing an investor the opportunity to acquire an established income-producing property with potential for future rental growth subject to applicable laws and regulations. Conveniently located near major transportation corridors, shopping, employment centers and Downtown Los Angeles. Five units, three structures, one parcel and a substantial lot create an attractive long-term investment opportunity. Buyer to independently verify square footage, unit configuration, permits, zoning, rents, expenses and all other property information. All information is deemed reliable but not guaranteed. Buyer and Buyer’s Agent to independently verify all information, including but not limited to square footage, lot size, zoning, permitted uses, rents, expenses, income, permits, and property condition. Buyer to conduct all due diligence and satisfy themselves as to the accuracy of all information.
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FeaturesGeneralSewer Unknown
Zoning LCR4YY
Garage Spaces 2
Pool Features None
Year Built 1912
Stories Count 1
Levels One
Property Subtype Apartment
Gross Income 68400
Community Features Street Lights
County Los Angeles
Net Operating Income 41028.8
Operating Expense 27371.2
Insurance Expense 1
New Construction false
Property Type Residential Income
Garage Y/N true
Special Listing Conditions Trust
Status Active
Directions Use GPS
City Los Angeles
Entry Location 1
Senior Community Y/N false
Number Of Units Total 5
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 9029
Number of Units Leased 5
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 1
Fuel Expense 1
Trash Expense 1
Water Sewer Expense 1
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 25
Total Actual Rent 5700
Property Sub Type Additional Apartment
Cap Rate 3.42
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InteriorTotal Stories 1
Common Walls No Common Walls
Laundry Features See Remarks
Entry Level 1
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ExteriorLot Features Front Yard
Water Source Public
Total Parking 2
Lot Size Area 9029
Number of Buildings 3
Building Area Total 3036
Lot Size Acres 0.2073
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded FeaturesList ByChristopher JosephListing Agent
Liberty Real Estate ServicesBroker
chrisjosephrealestate@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,288
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,921,867
Percent of Sale Price 60%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/22/2026 | $1,199,999 | | Listed Price |