Property listed by Remax Commercial and Investment Realty, Enrique Viramontes 213-817-1000
$2,050,000
We are proud to present this well-maintained multifamily investment opportunity located in the desirable City of South Gate, California. This asset offers investors a rare combination of stable in-place cash flow, favorable rent regulations, and significant upside potential in a high-demand rental market. The property is not subject to local… Read More rent control and instead operates under AB 1482 guidelines, allowing for measured rent growth and long-term income optimization.The property features an attractive unit mix of six (2-bedroom/1-bath) units and four (1-bedroom/1-bath) units, a configuration that appeals to a wide range of tenants including families, working professionals, and long-term renters. Onsite parking enhances tenant convenience and supports consistently strong occupancy levels. Additionally, the existing carport provides an excellent opportunity for future ADU development, offering investors a value-add component to further increase revenue and overall asset value.Located in Southeast Los Angeles County, South Gate is a thriving community known for its strong rental demand and central location. Residents enjoy close proximity to major retail centers, dining, parks, and employment hubs, including the popular South Gate Towne Center. The property also benefits from exceptional freeway access via the 710 and 105 Freeways, providing convenient commutes to Downtown Los Angeles, Long Beach, and surrounding employment corridors. This offering represents an outstanding opportunity to acquire a strategically positioned multifamily asset with long-term growth potential in a resilient Southern California market. Read Less
Listing Snapshot
Days Online
25
Last Updated
Beds
16
Square Ft.
6,915
Lot Size
0.23 Acres
Year Built
1964
MLS Number
26639009
Additional Details
Building
Built in 1964, Living area: 6915.0, 1 building, 2 stories, Levels: Two
Heating
WallFurnace
Income
Gross Income: $180,540, Net Operating Income: $106,385
Lot
0.2266 acres
Parking
10 total parking spaces, Carport, Garage, Uncovered
Taxes
Parcel Number: 6204017025, Zoning: SGR3YY
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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