8181 Commercial Place, South Gate, CA 90280
List Price: $1.1M
Listing Status: Active
0Days on Market: 0
7 Bedrooms · 7 Bathrooms · 2,948 sq ft
Property Type: ResidentialIncome
Year Built: 1923
Lot Size: 8,998 sq ft
MLS Number: 26875519
About This Property
Excellent 7-unit apartment investment opportunity in the high-demand South Gate rental market. Priced at just $157,143 per unit, the property features 100% single-story construction and an attractive unit mix consisting entirely of 1-bedroom/1-bath units. Current rents offer approximately 59% upside, providing investors with significant potential to increase income over time. Additional property features include open-space parking and on-site tenant storage. The property is situated on an approximately 8,998 SF lot and is subject to AB 1482 with no local rent control. An attractive value-add opportunity at a low cost per unit in a strong infill rental market.
Listing provided by: Nicholas Petrosian DRE #01462598 213-817-1000 npetrosian@remaxcir.com, Remax Commercial and Investment Realty
Source: CRMLS, MLS #: 26875519
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.