927 W Gage Ave, Los Angeles, CA
Desirable Single-Story Fourplex With All Two-Bed/One-Bath Units That Average 800 Square Feet
45 Percent Potential Upside in Rents
Recent Improvements Include a New Roof, New Exterior Paint, and the Complete Remodel of One Unit
Strong Rental Location in South LA West of the 110 Freeway With Easy Access to Expo Park (LA Coliseum, Banc of California Stadium, Lucas Museum), Downtown LA, USC, and More
927 W Gage Ave
Los Angeles, CA
The Bogie Group of Marcus & Millichap is pleased to present to market 927 West Gage Avenue, a fourplex in Los Angeles, California. This offering presents a great opportunity for an investor to acquire a partially renovated asset with a desirable unit mix, strong rental location, and 45 percent potential upside in rents.
927 West Gage Avenue is a single-story 1957 construction with four two-bedroom/one-bath units that average 800 square feet. The units are separately metered for gas and electricity, and there is one surface parking space for each unit. Furthermore, the property boasts a brand new roof, new exterior paint, and one unit has been completely renovated with new flooring, an updated kitchen and an updated bathroom.
The property is located in the dense rental submarket of South LA just minutes west of the 110 Freeway near Vermont Avenue. From this location, tenants have easy access to Expo Park, the LA Coliseum, Banc of California Stadium, and Downtown LA (all within 10 minutes of the property) as well as SoFi Stadium and the Kia Forum (within 15 minutes).