8973 Alexander Avenue, South Gate, CA 90280
List Price: $1.18M
Listing Status: Active
0Days on Market: 0
6 Bedrooms · 5 Bathrooms · 2,564 sq ft
Property Type: ResidentialIncome
Year Built: 1940
Lot Size: 5,857 sq ft
MLS Number: 26847053
About This Property
Presenting a rare opportunity to acquire a well-maintained, extensively renovated 5-unit multifamily property in a prime South Gate location. The property has undergone significant capital improvements, including a new sewer line, new walkway and deck, complete electrical system upgrades (panels, wiring, and subpanels), new plumbing, new heaters, a new roof, and exterior paint and windows, providing investors with a truly turnkey asset and minimizing future capital expenditure requirements.The property features a detached 2bd + 1ba single-family residence with a private front lawn and four 1bd + 1ba units sit at the rear of the lot, offering strong tenant appeal and stable rental demand. Additionally, the existing onsite garages present a potential opportunity for ADU conversion, creating a compelling value-add component and future income growth potential. Combining a desirable location, extensive renovations, and potential upside through ADU development, this property represents an outstanding investment opportunity in one of Los Angeles County's most sought-after rental markets.
Listing provided by: Enrique Viramontes DRE #01372010 213-817-1000 eviramontes@remaxcir.com, Remax Commercial and Investment Realty
Source: CRMLS, MLS #: 26847053
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.