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$1,100,000
Est. payment /mo
7 Beds
7 Baths
2,948 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 2,948 sqft
Price per Sqft $373
MLS Listing ID 26875519
Bedrooms 7
HOA Y/N No
Year Built 1923
Lot Size 8,999 Sqft
Property Description
BACK ON THE MARKET! Excellent 7-unit apartment investment opportunity in the high-demand South Gate rental market. Priced at just $157,143 per unit, the property features 100% single-story construction and an attractive unit mix consisting entirely of 1-bedroom/1-bath units. Current rents offer approximately 46% upside, providing investors with significant potential to increase income over time. Additional property features include ample on-site parking with 10 parking spaces and capacity for up to 11-12 vehicles, per Seller, along with additional on-site storage. The property is situated on an approximately 8,998 SF lot and is subject to AB 1482 with no local rent control. An attractive value-add opportunity at a low cost per unit in a strong infill rental market.
Location
State CA
County Los Angeles
Area T2 - Cudahy, Southgate W Of 710, Huntpk S Of Flore
Zoning SGR4YY
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features One Space
Total Parking Spaces 10
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6211024016
Special Listing Condition Standard
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Listed by Nicholas Petrosian Remax Commercial and Investment Realty #01462598
NEARBY SCHOOL & BUSINESS
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