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10348 California AVE South Gate, CA 90280
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Key Details
Sold Price $2,250,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 5,362 sqft
Price per Sqft $419
MLS Listing ID 25589119
Bedrooms 13
Year Built 1959
Lot Size 8,319 Sqft
Property Description
This 12-unit multifamily community, ideally situated in the City of South Gate, offers investors a compelling opportunity in a strong rental market. 10348 California Ave is not subject to any city rent control and is subject only to AB 1482 statewide regulations, allowing for flexibility in managing rental growth. The property offers an attractive unit mix of eleven (11) one-bedroom apartments and one (1) two-bedroom apartment. Residents benefit from onsite gated parking and the building's excellent location along California Avenue, a desirable pocket within South Gate. With significant and achievable upside in rental income, this property presents both immediate stability and long-term value-add potential for discerning investors.
Location
State CA
County Los Angeles
Area T2 - Cudahy, Southgate W Of 710, Huntpk S Of Flore
Zoning SGCR*
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Assigned
Building
Story 2
New Construction No
Others
Special Listing Condition Standard
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Bought with Enrique Viramontes Remax Commercial and Investment Realty
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