CA > South Gate
South Gate, CA 90280,10024 Elizabeth AVE
South Gate, CA 90280,10024 Elizabeth AVE
South Gate, CA 90280,10024 Elizabeth AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,340,000
Est. payment /mo
10 Beds
6 Baths
4,058 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,058 sqft

Price per Sqft $330

MLS Listing ID 25554707

Bedrooms 10

HOA Y/N No

Year Built 1962

Lot Size 7,196 Sqft

Property Description

Located in a strong rental pocket of South Gate, 10024 Elizabeth Ave is a clean 6-unit apartment asset with immediate income growth potential. The property features a desirable mix of (4) 2-bed/1-bath and (2) 1-bed/1-bath units, all separately metered for gas and electricity. With current rents reflecting a 4.38% cap and projected market rents pushing to 7.61%, there's meaningful room to increase cash flow. Recent improvements include a newer roof (approx. 2015), resurfaced asphalt, and fresh exterior paint. Parking includes (6) detached carports, (2) single-car attached garages, and (1) open space. Additional features include onsite laundry. Built in 1962, this 4,058 SF building sits on a 7,198 SF lot and is governed only by AB1482 rent caps - no local rent control. A compelling opportunity for investors seeking both stability and upside in a supply-constrained submarket.

Location

State CA

County Los Angeles

Area T2 - Cudahy, Southgate W Of 710, Huntpk S Of Flore

Zoning SGR3YY

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Carport, Detached Carport, Door-Single, Garage, One Space

Total Parking Spaces 9

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6208020012

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Nicholas Petrosian Remax Commercial and Investment Realty

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