10348 California Ave - Apartments FOR SALE


South Gate, CA 90280
$2,390,000 USD
213-233-4363
10348 California Ave, South Gate, CA for Sale
$2,390,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

10348 California Ave
South Gate, CA 90280


OVERVIEW

IN ESCROW: This 12-unit multifamily community, ideally situated in the City of South Gate, offers investors a compelling opportunity in a strong rental market. 10348 California Ave is not subject to any city rent control and is subject only to AB 1482 statewide regulations, allowing for flexibility in managing rental growth. The property offers an attractive unit mix of eleven (11) one-bedroom apartments and one (1) two-bedroom apartment. Residents benefit from onsite gated parking and the building’s excellent location along California Avenue, a desirable pocket within South Gate. With significant and achievable upside in rental income, this property presents both immediate stability and long-term value-add potential for discerning investors.

FOR SALE DETAILS

PRICE

$2,390,000 USD

PRICE/SF

$446 USD /SF

# OF UNITS

12

PRICE/UNIT

$199,167

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,322 SF

ZONING

CR, South Gate

APN/PARCEL ID

6223-002-004

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.