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8973 ALEXANDER AVE

SOUTH GATE, CA 90280

$1,175,000

GROSS SF

BUILT

LOT SF

GRM

HIGHLIGHTS

10.81

2,564

5,857

1940 / 1948

UNITS

5

Cap Rate

6.02%

ZONING

LAR2

Presenting a rare opportunity to acquire a well-maintained, extensively renovated 5-unit multifamily property in a prime South Gate location. The property has undergone significant capital improvements, including a new sewer line, new walkway and deck, complete electrical system upgrades (panels, wiring, and subpanels), new plumbing, new heaters, a new roof, and exterior paint and windows, providing investors with a truly turnkey asset and minimizing future capital expenditure requirements.

The property features a detached 2bd + 1ba single-family residence with a private front lawn and four 1bd + 1ba units sit at the rear of the lot, offering strong tenant appeal and stable rental demand. Additionally, the existing onsite garages present a potential opportunity for ADU conversion, creating a compelling value-add component and future income growth potential. Combining a desirable location, extensive renovations, and potential upside through ADU development, this property represents an outstanding investment opportunity in one of Los Angeles County's most sought-after rental markets.

CONTACT

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Enrique Viramontes

President of OwnCRE

Email

Phone

Office: (213) 233-4363

CONTACT

Enrique Viramontes

President of OwnCRE

Office: (213) 233-4363

Fax: (213) 817-6079

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LOCATION

99 S. Lake Ave. Suite 504, Pasadena, CA 91101

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©2018 by OWN CRE.

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