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10016 California South Gate, CA 90280
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Key Details
Sold Price $970,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,809 sqft
Price per Sqft $345
MLS Listing ID CRCV25217828
Bedrooms 5
Year Built 1959
Lot Size 8,341 Sqft
Property Sub-Type Quadruplex
Property Description
NEW PRICE! This 4-unit multi-family property in South Gate offers immediate income with a current 6.18% CAP Rate and is priced to sell at $995,000. Featuring desirable single-story construction, the property totals 2,809 rentable sq. ft. on an 8,341 sq. ft. lot. The versatile unit mix includes a spacious 3-Bed/2-Bath detached cottage, two 1-Bed/1-Bath units, and a studio apartment, all highly rentable floor plans. Tenants benefit from onsite garage and open parking, while paying their own electricity and gas. Additional conveniences include an onsite laundry facility (currently not in use). With no local city rent control and strong tenant demand, this property provides excellent cash-flow potential and long-term upside for savvy investors.
Location
State CA
County Los Angeles
Zoning SGCR
Interior
Laundry Common Area
Exterior
Exterior Feature Other
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Building
New Construction No
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Bought with LuciaRengifo
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289