8973 Alexander Ave - Multi-Family FOR SALE


South Gate, CA 90280
$1,175,000 USD
213-233-4363
8973 Alexander Ave, South Gate, CA for Sale
$1,175,000 USD
Multi-Family - FOR SALE
1/4
null | 6.02% Cap Rate

8973 Alexander Ave
South Gate, CA 90280


HIGHLIGHTS

  • Prime Location in South Gate Between Southern Ave and Firestone Blvd
  • Recent Renovations Include New: Sewer Line, Walkway/Deck, Complete Electrical System (Panels, Wiring, Subpanels), Plumbing, Heaters, Roof, Windows
  • Attractive Unit Mix of (1) 2Bd + 1Ba Single Family Residence and (4) 1Bd + 1Ba Units
  • Turnkey Units
  • ADU Potential From Onsite Garages

OVERVIEW

Presenting a rare opportunity to acquire a well-maintained, extensively renovated 5-unit multifamily property in a prime South Gate location. The property has undergone significant capital improvements, including a new sewer line, new walkway and deck, complete electrical system upgrades (panels, wiring, and subpanels), new plumbing, new heaters, a new roof, and exterior paint and windows, providing investors with a truly turnkey asset and minimizing future capital expenditure requirements. The property features a detached 2bd + 1ba single-family residence with a private front lawn and four 1bd + 1ba units sit at the rear of the lot, offering strong tenant appeal and stable rental demand. Additionally, the existing onsite garages present a potential opportunity for ADU conversion, creating a compelling value-add component and future income growth potential. Combining a desirable location, extensive renovations, and potential upside through ADU development, this property represents an outstanding investment opportunity in one of Los Angeles County's most sought-after rental markets. All showings and inspections are contingent upon an accepted offer.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$458 USD /SF

# OF UNITS

5

PRICE/UNIT

$235,000

CAP RATE

6.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,857 SF

ZONING

-

APN/PARCEL ID

6216-027-017

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.