112 Gage AveLos Angeles, CA 90063

Property Details for 112 Gage Ave

Year built

1939

Construction

WOOD

Lot size

0.18 AC

Property size (Sq ft)

6,390 SF

Zone code

LCC3*

Property type

Retail space

APN

5233-008-020

APU

5233008020

Description

This exceptional 18-acre commercial property, located at 112 N Gage Avenue in Los Angeles, CA 90063, presents a unique investment opportunity. Priced at $3,999,999, this special purpose land boasts a highly desirable location at the corner of North Gage Avenue and Downey Road, ensuring excellent visibility and accessibility. The property currently generates immediate cash flow from two established tenants: a meat market/grocery store, a private warehouse, and a separate bakery. This diverse tenant mix provides a stable income stream and a built-in customer base. A significant advantage is the inclusion of a private parking lot, designed to maximize customer traffic and convenience. The property is zoned for commercial use and offers substantial potential for future development or expansion given its size and strategic location within Los Angeles County. This is a rare opportunity to acquire a large, income-producing commercial property in a prime location with significant upside potential. The property's address is easily accessible via major thoroughfares, making it an ideal location for a variety of commercial ventures. The existing infrastructure and established businesses provide a solid foundation for continued success and growth. This is a truly exceptional opportunity for investors seeking a high-return, stable investment in a thriving Los Angeles market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,713,973

  6.5%

  $2,505,206

  7%

  $2,326,262

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,062,108

  Geo Method

  $3,062,108

• Alternative Use

  Use

  Valuation

  Residential

  $2,113,235

  Hospitality

  $1,935,712

  Educational

  $1,610,489

  Medical

  $1,665,876

  Retail

  $2,505,206

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0364

Longitude

-118.184

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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