Bought with Chris Keramati
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14943 Gagely La Mirada, CA 90638
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Key Details
Sold Price $2,015,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRPW25239716
Sold Date 11/17/25
Year Built 1960
Lot Size 7,786 Sqft
Source California Regional MLS
Property Description
We are pleased to present a rare opportunity to acquire an eight-unit apartment community located on a private cul-de-sac in La Mirada. The property features a desirable unit mix of four one-bedroom and four two-bedroom apartments, appealing to a wide range of renters. The asset is currently operating at a cap rate of approximately 5.5% on in-place numbers, offering strong day-one cash flow with meaningful upside potential through interior upgrades and rent increases. Situated less than one mile from Biola University, the property benefits from steady rental demand supported by a consistent student population as well as proximity to major employers, schools, and regional amenities. The location combines a strong rental market with the quiet privacy of a cul-de-sac setting-driving both tenant retention and long-term stability. This is an ideal opportunity for investors seeking a well-located, low-density multifamily asset with immediate income, prove demand drivers, and value-add potential.
Location
State CA
County Los Angeles
Area M3 - La Mirada
Interior
Laundry Laundry Area
Exterior
Garage Spaces 8.0
Pool None
Building
Lot Description Irregular
Water District - Public
Others
Tax ID 8041024002
Special Listing Condition Not Applicable
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