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8401 California Ave
South Gate, CA 90280
South Gate Apartments · Multifamily Property For Sale
·
11 Units
PROPERTY FACTS
| No. Units | 11 | Lot Size | 0.26 AC |
| Property Type | Multifamily | Building Size | 7,022 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1946 |
| Building Class | C | Parking Ratio | 1.14/1,000 SF |
| Zoning | SGCR* | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 7,022 SF |
| No. Stories | 2 |
| Year Built | 1946 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | SGCR* |
ABOUT 8401 CALIFORNIA AVE , SOUTH GATE, CA 90280
Marcus & Millichap is pleased to present 8401 California Avenue, a mixed-use investment property in South Gate, California that offers 10 apartment units and one retail space. The property receives excellent exposure at the signalized corner of Liberty Boulevard and California Avenue and is located within easy walking distance of a grocery store. This area is a solid majority-renter market with consistently low vacancy rates. 8401 California Avenue consists of two buildings with a total of six one-bed/one-bath units, three two-bed/one-bath units, one three-bed/two-bath unit, and one retail space. The units are separately metered for gas and electricity, and the property also offers eight single-car garages. This offering presents an excellent opportunity for an investor to capture huge potential upside in a solid rental market. 8401 California Avenue is being offered as part of a portfolio along with 8185 California Avenue, a 10-unit mixed-use property located across the street, and 3473 Liberty Boulevard, a duplex also located across the street. The properties may be acquired separately or together. For more information, please contact the listing agents.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 2+1 | 3 | - | - |
| 1+1 | 6 | - | - |
PROPERTY TAXES
| Parcel Number | 6215-022-025 | Improvements Assessment | $714,000 |
| Land Assessment | $1,530,000 | Total Assessment | $2,244,000 |
PROPERTY TAXES
