10245 Virginia Ave - Apartments FOR SALE


South Gate, CA 90280
$1,499,999 USD
213-233-4363
10245 Virginia Ave, South Gate, CA for Sale
$1,499,999 USD
Apartments - FOR SALE
1/4
null | 5.86% Cap Rate

10245 Virginia Ave
South Gate, CA 90280


HIGHLIGHTS

  • Desirable Unit Mix: 3 two-bedroom units and 3 one-bedroom units, catering to diverse tenant needs.
  • Onsite Parking: Added value and tenant convenience.
  • Strong Rental Demand: South Gate population density and proximity to major employment centers create consistent occupancy and rental growth potential
  • Landlord-Friendly Market: The city does not impose strict rent control restrictions. AB 1482 applies.
  • Attractive Location: Close to retail, employment, and entertainment destinations that drive demand for quality rental housing.

OVERVIEW

We are pleased to present the opportunity to acquire a well-maintained 6-unit multifamily property located in the highly desirable city of South Gate, California. The property is comprised of two separate buildings situated on a 7,195 square foot lot, offering excellent functionality and investment appeal. The unit mix includes three (3) spacious (2+1)’s and three (3) (1+1) units, providing a balanced combination that appeals to families, professionals, and individuals alike. One of the (1+1) units is a recently approved Accessory Dwelling Unit which was tastefully designed and rented at $1,800 per month. Onsite parking is available for tenants, enhancing the property’s convenience and long-term leasing stability. This offering presents investors with an excellent opportunity to acquire a stabilized income-producing asset in a dynamic rental market with favorable fundamentals and long-term upside potential. The property is located in the city of South Gate, a vibrant community within Southeast Los Angeles County, known for its strong rental demand and central location. The property benefits from proximity to major employment hubs, retail centers, and entertainment venues. Tenants enjoy convenient access to shopping at the South Gate Towne Center, a variety of neighborhood restaurants, and recreational opportunities at South Gate Park. The property also offers excellent connectivity to key transportation routes, including the 710 and 105 Freeways, making commuting to Downtown Los Angeles, Long Beach, and surrounding employment corridors highly accessible.

FOR SALE DETAILS

PRICE

$1,499,999 USD

PRICE/SF

$455 USD /SF

# OF UNITS

6

PRICE/UNIT

$250,000

CAP RATE

5.86%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,195 SF

ZONING

SGR3YY

APN/PARCEL ID

6208-019-032

ASK ABOUT THIS PROPERTY

Enrique ViramontesRE/MAX Commercial & Investment RealtyMore Info
213-233-4363

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Enrique ViramontesRE/MAX Commercial & Investment RealtyMore Info
213-233-4363

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