2844 Ardmore Ave - Apartments FOR SALE


South Gate, CA 90280
$2,050,000 USD
213-233-4363
2844 Ardmore Ave, South Gate, CA for Sale
$2,050,000 USD
Apartments - FOR SALE
1/7
null | 5.19% Cap Rate

2844 Ardmore Ave
South Gate, CA 90280


HIGHLIGHTS

  • Favorable Rent Regulations – Currently not subject to local rent control; governed by AB 1482
  • Strong Unit Mix – Six 2BD/1BA units and four 1BD/1BA units appeal to broad tenant base
  • Value-Add Potential – ADU development opportunity utilizing existing carport space
  • Stable In-Place Income – Well-maintained property with strong occupancy history
  • Prime South Gate Location – Near retail, dining, parks, and major employment centers
  • Excellent Freeway Access – Convenient connectivity via 710 & 105 Freeways

OVERVIEW

Enrique Viramontes is proud to present this well-maintained multifamily investment opportunity located in the desirable City of South Gate, California. This asset offers investors a rare combination of stable in-place cash flow, favorable rent regulations, and significant upside potential in a high-demand rental market. The property is not subject to local rent control and instead operates under AB 1482 guidelines, allowing for measured rent growth and long-term income optimization. The property features an attractive unit mix of six (2-bedroom/1-bath) units and four (1-bedroom/1-bath) units, a configuration that appeals to a wide range of tenants including families, working professionals, and long-term renters. Onsite parking enhances tenant convenience and supports consistently strong occupancy levels. Additionally, the existing carport provides an excellent opportunity for future ADU development, offering investors a value-add component to further increase revenue and overall asset value. Located in Southeast Los Angeles County, South Gate is a thriving community known for its strong rental demand and central location. Residents enjoy close proximity to major retail centers, dining, parks, and employment hubs, including the popular South Gate Towne Center. The property also benefits from exceptional freeway access via the 710 and 105 Freeways, providing convenient commutes to Downtown Los Angeles, Long Beach, and surrounding employment corridors. This offering represents an outstanding opportunity to acquire a strategically positioned multifamily asset with long-term growth potential in a resilient Southern California market.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

10

PRICE/UNIT

$205,000

CAP RATE

5.19%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,872 SF

ZONING

SGR3YY

APN/PARCEL ID

6204-017-025

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.