South Gate is centrally located within the County of Los Angeles, positioned between the 110, 105, 710 and 5 freeways, and bordered by the cities of Huntington Park (North), Downey (East), Lynwood (South), and Watts (West). The city has noteworthy fundamentals for future expansion: competitive population and household growth, a limited supply of available housing, a strong industry and manufacturing sector, and impressive incoming, regional developments. There have been only a handful of new developments in recent years.
Seller is offering this building completely rehabbed. Owner upgrades to include: a new 40-year roof, all new electrical, plumbing, windows, Interior fixtures, doors, walls, paint, new kitchen & bath, AC units in each and more, massively reducing deferred maintenance and drastically increasing building's economic life. Apartments will also come with a 24-month builder's warranty. This provides a purchaser the opportunity to acquire a turnkey asset in an excellent rental market. Seller financing may be available to qualified buyers. Contact agent for more details.
***Property currently has one vacant unit. Permits Have Been Pulled for Rehab. Job completion will take 90-120 days.
