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10240 Atlantic Ave 2,200 SF Retail Building South Gate, CA 90280 $1,099,888 ($499.95/SF) 7.60% Cap Rate



Investment Highlights
- Two ADUs facing Wright Road, offering residential privacy with updated features like dual-pane windows, tankless water heater, and newer AC.
- A commercial unit fronting Atlantic Avenue, ideal for retail, office, or service businesses.
Executive Summary
RARE TRIPLEX FOR SALE! Don't miss this unique investment opportunity! Perfectly positioned between high-visibility Atlantic Ave and the quiet charm of Wright Road, this well-maintained mixed-use triplex offers the ideal blend of commercial exposure and residential privacy. With three separately addressed units, individual entrances, and separate utility metering, this property is a smart choice for investors, business owners, or those seeking a live/work lifestyle. The spacious commercial unit fronts Atlantic Ave and is ideal for retail, office, or service businesses. It features prominent street frontage for maximum exposure, dedicated carport/box truck parking, and a newer AC unit. On the residential side, both ADUs face Wright Road, a quiet suburban street: The 2-bed, 2-bath ADU is stylishly updated with dual-pane windows, interior shutters, tankless water heater, newer AC, stainless steel appliances, and a remodeled kitchen ~800 SF. The 1-bed, 1-bath ADU offers an efficient layout with in-unit laundry hookups, dual-pane windows, tankless water heater, updated AC, and access to a shared community courtyard ~550 SF. Each unit has its own mailing address, separately metered utilities, as well as ample private and off-street parking. This versatile property combines strong income potential, a flexible layout, and a location that supports both business visibility and residential appeal. Move-in and business-ready--opportunities like this don't last!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Building Class
C
Year Built/Renovated
1953/1974
Price
$1,099,888
Price Per SF
$499.95
Cap Rate
7.60%
NOI
$83,591
Tenancy
Single
Building Height
1 Story
Building FAR
0.56
Lot Size
0.09 AC
Zoning
SGCM
Walk Score®
Very Walkable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | 6221-003-045 | Improvements Assessment | $131,880 |
| Land Assessment | $116,807 | Total Assessment | $248,687 |
Property Taxes
Parcel Number
6221-003-045
Land Assessment
$116,807
Improvements Assessment
$131,880
Total Assessment
$248,687
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10240 Atlantic Ave
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