Bought with Jerry Mercado
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8915 Elizabeth Ave South Gate, CA 90280
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Key Details
Sold Price $1,125,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRDW25127504
Year Built 1949
Lot Size 7,017 Sqft
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
Pool None
Building
Sewer None
Others
Special Listing Condition Not Applicable
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