$999,888
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8915 Elizabeth Ave South Gate, CA 90280
7,017 Sqft Lot
Key Details
Property Type Residential Income
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW25127504
Year Built 1949
Lot Size 7,017 Sqft
Property Sub-Type Apartment
Property Description
For sale in the vibrant city of South Gate, this well-maintained 5-unit apartment building presents a strong investment opportunity at a list price of $999,888. The property features a desirable unit mix of three 1-bedroom/1-bath units and two spacious 2-bedroom/1-bath units, appealing to a variety of tenants. With a solid 4.65% cap rate, this income-producing asset offers both stability and long-term growth potential. Situated in a high-demand rental market, the building benefits from steady occupancy and proximity to local amenities, schools, and transit.
Location
State CA
County Los Angeles
Area T4 - South Gate E Of 710
Interior
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Urban
Utilities Available Sewer Not Available, Water Not Available
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer None
Water None
New Construction No
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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Bought with Jerry Mercado Realty Executives Com. & Res.