logo
Los Angeles icon
icon Los Angeles icon
img
icon icon
11 Photos
icon
icon icon
2629 Gage Avenue
USD 7,100,000
Property ID: CV24042328
icon
2629 Gage Avenue ,91733
icon --
icon 47437 SqFt
icon Built in 1937
icon USD 150/SqFt
icon 0 Bed
icon 0 Full
icon --
icon --
icon
icon
Location
icon
icon Direction
Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
24734
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1937
See more icon
Detailed Introduction Of This Home
We are pleased to exclusively offer for sale this multi-family investment opportunity in the vibrant city of El Monte. This newly listed property features a collection of 29 units, showcasing true pride of ownership. The subject property predominantly consists of two-story townhouse-style units (28 Units), complemented by a quaint 2-Bedroom/1-Bathroom cottage, all extremely spacious in size. Occupying an oversized lot of 47,437 square feet, the property offers an expansive 24,734 square feet of rental space, designed to cater to the modern tenant's needs. The entire property benefits from copper plumbing, ensuring durability and reducing maintenance concerns. Ample car-port parking and generous open spaces address the practical needs of residents, while the onsite laundry facility and private backyards in each unit add a touch of convenience and privacy to their living experience. Tenants are responsible for their own electricity and gas, allowing for easier management of utilities. Currently offered at 13 GRM and a 4.72% CAP Rate, a standout feature of this investment is the significant potential for a 40% increase in rental income, with all units currently poised for a rental adjustment (April 2024.) This opportunity is further enhanced by attractive private seller financing terms; 35% Down Payment, 6.5% Interest-Only Payments, Due in 10 years. This investment offers not only a stable income stream but also a considerable upside in rental income, making it an ideal choice for discerning investors seeking growth and sustainability in their portfolio.
Continue Reading >>
Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Similar houses you may like
5990 Manon Street
5990 Manon Street
icon 5990 Manon Street
6400 SqFt  / 4 Beds  / 3 Full Bas
USD 1,199,999
11966 Runnymede Street
11966 Runnymede Street
icon 11966 Runnymede Street
13499 SqFt  / 0 Bed  / --
USD 1,945,000
13470 Prosperity Place
13470 Prosperity Place
icon 13470 Prosperity Place
2940 SqFt  / 4 Beds  / 3 Full Bas
USD 1,049,900
8162 Manitoba Street #320
8162 Manitoba Street #320
icon 8162 Manitoba Street #320
242044 SqFt  / 2 Beds  / 2 Full Bas
USD 899,999
Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
1 of 11
album
album
album
album
album
album
album
album
album
album
album
Photos (11)
icon
icon
banner
2629 Gage Avenue
USD 7,100,000 0 Beds
icon Copy link
icon WhatsApp
icon Facebook
icon Twitter
icon
Welcome to House.world
Log in or sign up to get the most out of your experience. This will also help increase your chances of response from agents.
Enter a valid email address.
or
Continue with Google
By submitting, I accept House.world’s   Terms of use
icon icon
Verify Your Email
Hello ,we’ ve just sent the code to your email.please check and enter the code here to continue logging in.
Verification code error
Didn’t receive email? Please check your spam folder