10016 California Ave - Multi-Family FOR SALE


South Gate, CA 90280
$1,025,000 USD
626-427-0786
10016 California Ave, South Gate, CA for Sale
$1,025,000 USD
Multi-Family - FOR SALE
1/8
null | 5.96% Cap Rate

10016 California Ave
South Gate, CA 90280


HIGHLIGHTS

  • Listed for $1,025,000 - Priced to Sell!
  • Current 6% CAP RATE!
  • Desirable Single-Story Construction
  • Tenants Pay for Electricity & Gas

OVERVIEW

Investor Alert! Kristopher German of The Apartment Dealer is proud to share this 4-unit multi-family property in South Gate that offers immediate income with a current 6% CAP Rate and is priced to sell at $1,025,000. Featuring desirable single-story construction, the property totals 2,809 rentable sq. ft. on an 8,341 sq. ft. lot. The versatile unit mix includes a spacious 3-Bed/2-Bath detached cottage, two 1-Bed/1-Bath units, and a studio apartment, all highly rentable floor plans. Tenants benefit from onsite garage and open parking, while paying their own electricity and gas. Additional conveniences include an onsite laundry facility (currently not in use). With no local city rent control and strong tenant demand, this property provides excellent cash-flow potential and long-term upside for savvy investors.

FOR SALE DETAILS

PRICE

$1,025,000 USD

PRICE/SF

$365 USD /SF

# OF UNITS

4

PRICE/UNIT

$256,250

CAP RATE

5.96%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Current 6% CAP RATE!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,341 SF

ZONING

SGCR

APN/PARCEL ID

6223-001-014

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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Kristopher GermanThe Apartment DealerMore Info
626-427-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.