8181 Commercial Place, South Gate, CA 90280
- $1,100,000
- 7
- BD
- 7
- BA
- 2,948
- SqFt
- List Price
- $1,100,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 26875519
- Subtype
- Residential Income
- Year Built
- 1923
- Bedrooms
- 7
- Bathrooms
- 7
- Living Area
- 2,948
- Lot Size
- 8,998
- Acres
- 0.21
- MLS Area Major
- Cudahy, SouthGate W of 710, HuntPk S of Flore (T2)
Property Description
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 59% upside, providing investors with significant potential to increase income over time. Additional property features include open-space parking and on-site tenant 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.
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Additional Information
- Zoning
- SGR4YY
- Heating
- Wall Furnace
- Stories
- One Level
- Levels
- One
- Parking Features
- One Space
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Listing courtesy of Listing Agent: Nicholas Petrosian (npetrosian@remaxcir.com) from Listing Office: Remax Commercial and Investment Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.