Back to Search
Los Angeles Commercial Property For Sale

112 N Gage Avenue Los Angeles, CA 90063

112 N Gage Avenue, Los Angeles, CA, 90063
$3,999,999
For Sale
Claim this Listing
$3,999,999

Commercial property in Los Angeles with immediate cash flow potential.

Property Size18,000 SF
Lot Size0.41 Acres
Price / SF$222.22
AddedAug 27, 2024
Days on Market687
Last RefreshMay 27 at 9:03 am

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

Listing date Aug 27, 2024

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 EXPERIENCE


Investment Insights

Based on property information with market context.

Located in the heart of Los Angeles, this commercial property is situated on the corner of North Gage Street and Downey Road. The property currently has two tenants: a meat market/grocery store and a private warehouse, plus a separate bakery. The property includes a private parking lot to maximize customer traffic. The lot size is over 18,000 square feet, offering room to add more revenue by converting the unit into two additional businesses, potentially totaling four businesses in one building. The market features private office space, two industrial-size stainless steel walk-in coolers (one with 10 doors of shelf space), an industrial-size freezer, restaurant-grade flooring, stainless steel three-compartment sinks, two cutting tables, and two customer restrooms. The private parking lot offers 14 parking spots and dumpster space. The bakery contains an oven, its own restroom, a food display case, a grease trap, a two-compartment sink, and parking spaces for four vehicles. The building has been recently painted, and the roof is less than 15 years old. All refrigeration from walk-ins and the freezer is less than 3 years old. The electrical system has been updated to accommodate current and future business needs.

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
18,000 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 15.00%

Alternative Uses

Best Use
Specialty Retail
$6.96M
$6.09M – $8.12M (±1% cap)
NOI $487,484 @ 7.0% cap · market cap 12.19%
Second Best
Retail
$5.97M
$5.22M – $6.96M (±1% cap)
NOI $417,729 @ 7.0% cap · market cap 10.44%
Theoretical Best
Multifamily LT 5
$364.67M
$319.09M – $425.45M (±1% cap)
NOI $25,526,843 @ 7.0% cap · market cap 638.17%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Meatland Carniceria Take-out & Catering

Suggested Use

Law Firm Real Estate Agency Skin Care Clinic Hotel & Motel (Bike/Boat/Book/etc) Store Accounting Firm Electrical Service Gym & Fitness Center Storage Facility Furniture & Home Goods

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • La Blanquita — 4136 E Cesar E Chavez Ave, Los Angeles, CA 90063
  • Metro One Market — 3459 East 4th St, Los Angeles, CA 90063
  • Food Mart — 3541 E Cesar E Chavez Ave, Los Angeles, CA 90063
  • El Super — 3405 E Cesar E Chavez Ave, East Los Angeles, CA 90063

FAQs

What type of property is this?
Grocery and convenience store - Commercial property in Los Angeles with immediate cash flow potential.
Where is this grocery and convenience store located?
The property is located at 112 N Gage Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,999,999.
What are key features of this property?
This property features: 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.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message