9711-9717 Salt Lake Ave - Apartments FOR SALE


South Gate, CA 90280
$2,395,000 USD
213-233-4363
9711-9717 Salt Lake Ave, South Gate, CA for Sale
$2,395,000 USD
Apartments - FOR SALE
1/8
null | 5.33% Cap Rate

9711-9717 Salt Lake Ave
South Gate, CA 90280


HIGHLIGHTS

  • Three single-story residential structures offering a low-density layout
  • 15,071 square foot lot providing ample spacing and accessibility for tenants
  • Separately metered for gas and electricity helping minimize owner utility expenses and maximize cash flow
  • Assigned onsite parking with one dedicated parking space for each unit
  • Strong rental demand area within a dense and established residential neighborhood
  • Proximity to major shopping & dining including Azalea Regional Shopping Center

OVERVIEW

Located in the heart of South Gate, 9711 Salt Lake Avenue presents an attractive investment opportunity featuring a well-maintained 10-unit apartment community situated on a 15,071 square foot lot. The property consists of three separate single-story residential structures, creating a comfortable, low-density layout that appeals to tenants seeking privacy and ease of access. Comprised entirely of one-bedroom/one-bath units, each apartment is separately metered for gas and electricity, enhancing the property’s overall cash flow potential. The property also offers assigned onsite parking for each unit, a valuable amenity in this high-demand rental market. The property benefits from its central location within South Gate, providing convenient access to nearby retail centers, dining, and recreational amenities. Residents enjoy proximity to shopping destinations such as Azalea Regional Shopping Center, which features national retailers, grocery stores, restaurants, and entertainment options. Outdoor recreation and community events are easily accessible at South Gate Park, one of the largest parks in the area, offering sports fields, walking paths, and family-friendly amenities. Additionally, cultural dining, shopping, and entertainment can be found nearby at Plaza Mexico.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$447 USD /SF

# OF UNITS

10

PRICE/UNIT

$239,500

CAP RATE

5.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,071 SF

ZONING

SGR3YY

APN/PARCEL ID

6222-037-013

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.