8181-8183 Commercial Pl - Apartments FOR SALE


South Gate, CA 90280
$1,100,000 USD
949-607-7096
8181-8183 Commercial Pl, South Gate, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/6
null | 3.98% Cap Rate

8181-8183 Commercial Pl
South Gate, CA 90280


HIGHLIGHTS

  • Attractive $157,143 Price Per Unit
  • 100% Single Story Construction
  • Staggering Amount of Upside in the Rents
  • No Local Rent Control - Only Subject to AB 1482

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$295 USD /SF

# OF UNITS

7

PRICE/UNIT

$157,143

CAP RATE

3.98%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,998 SF

ZONING

SGR4YY

APN/PARCEL ID

6211-024-016

ASK ABOUT THIS PROPERTY

Nicholas PetrosianRE/MAX Commercial & Investment RealtyMore Info
949-607-7096

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Nicholas PetrosianRE/MAX Commercial & Investment RealtyMore Info
949-607-7096

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