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$ 1,340,000
Est. payment /mo
New
10024 Elizabeth AVE South Gate, CA 90280
10 Beds
6 Baths
4,058 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,058 sqft
Price per Sqft $330
MLS Listing ID 25554707
Bedrooms 10
HOA Y/N No
Year Built 1962
Lot Size 7,196 Sqft
Property Description
Located in a strong rental pocket of South Gate, 10024 Elizabeth Ave is a clean 6-unit apartment asset with immediate income growth potential. The property features a desirable mix of (4) 2-bed/1-bath and (2) 1-bed/1-bath units, all separately metered for gas and electricity. With current rents reflecting a 4.38% cap and projected market rents pushing to 7.61%, there's meaningful room to increase cash flow. Recent improvements include a newer roof (approx. 2015), resurfaced asphalt, and fresh exterior paint. Parking includes (6) detached carports, (2) single-car attached garages, and (1) open space. Additional features include onsite laundry. Built in 1962, this 4,058 SF building sits on a 7,198 SF lot and is governed only by AB1482 rent caps - no local rent control. A compelling opportunity for investors seeking both stability and upside in a supply-constrained submarket.
Location
State CA
County Los Angeles
Area T2 - Cudahy, Southgate W Of 710, Huntpk S Of Flore
Zoning SGR3YY
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Carport, Detached Carport, Door-Single, Garage, One Space
Attached Garage Yes
Total Parking Spaces 9
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6208020012
Special Listing Condition Standard
Listed by Nicholas Petrosian • Remax Commercial and Investment Realty