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7119 E Gage Ave | Commerce CA | 5382053054

KRISTOPHER
$6,400,000

7119 E Gage Avenue Commerce, We are pleased to exclusively

7119 E Gage Avenue Commerce, We are pleased to exclusively at 7119 E Gage Ave in Commerce CA is a Real Estate and Homes
1 / 4
BR/BA:
2 BR
Location:
7119 E Gage Ave, Commerce, CA
Description:

We are pleased to exclusively offer sale this 40-plex Multi-Family investment in the city of Commerce. This investment offers a HUGE 50% Upside in Rental Income! No Rent Control! The subject property consists of 2 separate twenty-plex apartment buildings each with their own APNs (7125 E. Gage included in sale.) The unit mix is comprised of 1(two Bedrooms/one Bathrooms) extra large manager's unit, 24(one Bedrooms/one Bathrooms)s, 15 (Studios), & two non-conforming units both of which are Studio apartments for a total of 42 units. Recent improvements include new copper/pex piping for all units, new exterior paint, and new stairway railings. Tenants enjoy an onsite laundry facility and car-port parking. All utilities are master metered. Offered at only $160,000 per unit, and with a Market CAP Rate of 6.65%, 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.)
Property Type:
Real Estate
Year:
1965
For sale by:
Agent/Broker
Agent Name:
KRISTOPHER
Phone:
(909) 294-2593
MLS Number:
CV19133526
Posted:
June 13
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7119 E Gage Avenue Commerce, We are pleased to exclusively is a Two Bedroom Real Estate and Homes for Sale at 7119 E Gage Ave in Commerce CA. Find other listings like 7119 E Gage Avenue Commerce, We are pleased to exclusively and listings near 7119 E Gage Ave by searching Oodle Classifieds for Two Bedroom Real Estate and Homes for Sale in Commerce CA.