8181 Commercial Place,South Gate, CA 90280
South Gate, CA 90280
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.
Details
| MLS # | 26875519 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 12 |
| Listing Provided By | Remax Commercial and Investment Realty | Nicholas Petrosian |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 7 |
| SQ Feet | 2,948 |
| Story(s) | 1 |
| Units | 7 |
| Building(s) | 2 |
| Zoning | SGR4YY |
| Acreage | 0.21 |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
Parking
| Parking Features | One Space |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | South Gate |
| Zip Code | 90280 |
| Area | T2 Cudahy | SouthGate W of 710 | HuntPk S of Flore |
| Listing VS Median (in 90280) | |
Price: $1,100,000 low | high Med: $739,900 sqft: 2,948 low | high Med: 1,180 $ / sqft: $373 low | high Med: $627 On site: 12 low | high Med: 35 | |
Market Activity 90280
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | South Gate |
| Zip Code | 90280 |
| Area | T2 Cudahy | SouthGate W of 710 | HuntPk S of Flore |
| Listing VS Median (in 90280) | |
Price: $1,100,000 low | high Med: $739,900 sqft: 2,948 low | high Med: 1,180 $ / sqft: $373 low | high Med: $627 On site: 12 low | high Med: 35 | |
