460 Gage Ave Los Angeles, CA 90063

This multi-tenant retail storefront at 460 N Gage Ave, Los Angeles, CA 90063, offers a compelling value-add opportunity. The 3,576 square foot property, built in 1929 and renovated in 2018, sits on a 0.09-acre lot and is currently 66% occupied across three units with short-term leases. The asking price is $250,000, representing a fee simple ownership. Located on a high-traffic corner, the property benefits from excellent visibility and accessibility, with over 12,000 vehicles passing daily. Its proximity to Cesar E Chavez Avenue, major freeways (5, 10, 710, and 60), and public transportation ensures strong connectivity. The surrounding area boasts a vibrant retail corridor, numerous educational institutions (including Cal State LA and USC Health Sciences Campus), and a large, diverse population with significant consumer spending exceeding $1.2 billion in 2023. The property's zoning is LLC2. This presents a chance to increase revenue by leasing the vacant space and aligning rents with market rates, capitalizing on the area's 3.1% average annual rent growth over the past three years. The property's strong location and potential for increased occupancy make it an attractive investment for those seeking value-add opportunities in a thriving Los Angeles neighborhood. The APN is 5233-001-014.