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790 Ferrari Ln

Ontario, CA 91764

1 909 294 2593

kris@theapartmentdealer.com

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40 Units in Commerce

7119 E Gage Ave, Commerce, CA 90040, USA
$6,400,000$160,000/Per Unit

Description

Property Description

  • NO RENT CONTROL!
  • Only $160,000 Per Unit
  • 40 Units + 2 Non-Conforming Units
  • (1) HUGE 2-Bed Manager’s Unit + (24) 1-Bed/1-Bath Units, (15) Studios & (2) Studios NC
  • Rental Rates Well-Below Market
    • 50% Potential Increase in Gross Income
  • 7% Market Cash-On-Cash Return!
  • New Copper Plumbing, Exterior Paint & Stairway Railing
  • Onsite Laundry Facility & Onsite Carport Parking
  • 2 Separate Parcels – Total 26,028 Sq. Ft. Lot
  • Address: 7119 & 7125 E Gage Ave
  • City: Commerce
  • State/county: California
  • Zip/Postal Code: 90040
  • Country: United States

Detail

Updated on June 6, 2019 at 10:02 am

  • Price: $6,400,000
  • Property Size: 17948 SqFt
  • Land Area: 26028 SqFt
  • Year Built: 1965
  • Property Type: Multi Family
  • Property Status: Just Listed

Additional details

  • # of Units: 40
  • Unit Mix: 1 (2+1), 24 (1+1), 15 (Studio), 2 (Studio NC)
  • Zoning: R3

WalkScore

walkscore51 / Somewhat Walkable more details here

Contact info

Kristopher German
Kristopher German
(909) 294-2593(909) 645-0443
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