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4751 Gage AVE Bell, CA 90201
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Key Details
Sold Price $775,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22251753
Sold Date 02/15/23
HOA Y/N No
Year Built 1956
Lot Size 5,741 Sqft
Property Description
We are pleased to present 4751 Gage Ave, a 5-unit mixed-use property located in Bell, California. Built in 1956, the subject property consists of 2,648 rentable square feet spread throughout a .13-acre lot. The building consists of (2) 1-Bedrooms / 1-Bathroom units and (3) Retail suites and a storage room. The offering presents a great value-add opportunity, a new owner can potentially convert the storage space into an ADU and capture over 40 percent upside in rents.
The property is well-located just 1.4 miles from the 710-freeway entrance which gives easy access to large employment centers. Additionally, the property is within walking distance from Bell City Hall and Atlantic Ave with numerous dining and retail options. Atlantic and Gage Avenue is the second highest trafficked intersection in the city. The city of Bell is an incorporated city in Los Angeles, meaning the residential units are subject to AB 1482 statewide ordinance.
This is an absolutely incredible value-add opportunity to acquire a mixed-use asset in one of the most accessible locations in the city and would be a great addition to any investor’s portfolio.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Fireplace No
Laundry None
Building
Lot Description 2-5 Units/Acre
Story 1
Water Public
Others
Tax ID 6316027011
Financing Cash
Special Listing Condition Standard
Read Less
Bought with NONE NONE • None MRML