9800 Madison Ave, South Gate, CA 90280

Property Description

Lyon Stahl is pleased to present this excellent multi-family opportunity at 9800 Madison Ave, South Gate. The property is a Value Add 5-Unit Apartment building in the red-hot Mid-Cities/Southeast LA submarket. Each unit has major rent upside and the building sits on a large 8,559 square foot lot. The land boasts a Walk Score® of 88 and sits a short walk from Downtown South Gate, which contains a bevvy of grocery and convenient stores, restaurants, and shopping and entertainment options. Moreover, the property is (2) lots down from Madison Elementary School and there are over (10) schools within a 1 mile radius of the property, including South Gate High School (.4 mi), Montara Avenue Elementary (.2 mi), and Victoria Avenue Elementary (.2 mi). These entities will continue to surge population growth – the greatest demand driver in the multi-family market. The property consists of (5) Single-Level Units and features a Unit Mix of (1) 2 Bed/2 Bath House w/ a Garage, (1) 2 Bed/1 Bath Unit, and (3) 1 Bed/1 Bath Units. Currently the offering is running a CAP Rate of 4.29% and a GRM of 14.94, with Market Rents imputing a Market CAP Rate of 7.43% and a Market GRM of 9.87.