112 N Gage Avenue Los Angeles, CA 90063
Commercial property in Los Angeles with immediate cash flow potential.
Property Features for 112 N Gage Avenue
General Information
- Standard status
- Active
- Size
- 18,000 SF
- Lot size
- 0.41 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1996
Listing office CENTURY 21 EXPERIENCE (760) 220-0703
Listing date Aug 27, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Key Highlights
- Immediate cash flow with two existing tenants (meat market/grocery store and bakery).
- Significant potential to increase revenue by adding two more businesses.
- Large lot size (over 18,000 sqft) provides ample space for expansion and additional revenue streams.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $341.3k | $18.96 |
| − Vacancy | −$21.8k | −$1.21 |
| EGI | $319.4k | $17.75 |
| − OpEx | −$47.9k | −$2.66 |
| NOI | $271.5k | $15.08 |
Alternative Uses
Property Analytics
Current Use by Public Records
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