8023 Golden Ave | South Gate, CA 90280
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- LoopNet Team
8023 Golden Ave
South Gate, CA 90280
Multifamily Property For Sale
·
2 Units
INVESTMENT HIGHLIGHTS
- Two Stand-Alone Houses on 6,240-SF Lot | Highly Desirable South Gate Location
- Private Front Yards for Each Unit | Two Garages
- Tremendous Value-Add Opportunity – Approximately 64% in Rental Upside | 6.45% Pro-Forma Cap Rate & 11.05 Pro-Forma GRM
- No Local Rent Control – Defaults to AB 1482 | Unit Mix of (Two) 2-Bedroom/1-Bathroom Units
- Residential Asset - Perfect Owner-User Opportunity
- Qualifies for Residential Financing
PROPERTY FACTS
| No. Units | 2 | Building Size | 1,585 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1940 |
| Lot Size | 0.14 AC | Parking Ratio | 1.26/1,000 SF |
| Zoning | SGC3* | ||
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.14 AC |
| Building Size | 1,585 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | SGC3* |
AMENITIES
UNIT AMENITIES
- Yard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $1,490 | - |
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