CA > South Gate
South Gate, CA 90280,10024 Elizabeth AVE
South Gate, CA 90280,10024 Elizabeth AVE
South Gate, CA 90280,10024 Elizabeth AVE
South Gate, CA 90280,10024 Elizabeth AVE
South Gate, CA 90280,10024 Elizabeth AVE
South Gate, CA 90280,10024 Elizabeth AVE
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Dan Malka

Dan Malka

+1(310) 773-2553
$ 1,340,000
Est. payment | /mo

10 Beds

6 Baths

4,058 SqFt

Save
$ 1,340,000
Est. payment | /mo
Save

10 Beds

6 Baths

4,058 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,058 sqft

Price per Sqft $330

MLS Listing ID 25554707

Bedrooms 10

HOA Y/N No

Year Built 1962

Lot Size 7,196 Sqft

Property Description

Located in a strong rental pocket of South Gate, 10024 Elizabeth Ave is a clean 6-unit apartment asset with immediate income growth potential. The property features a desirable mix of (4) 2-bed/1-bath and (2) 1-bed/1-bath units, all separately metered for gas and electricity. With current rents reflecting a 4.38% cap and projected market rents pushing to 7.61%, there's meaningful room to increase cash flow. Recent improvements include a newer roof (approx. 2015), resurfaced asphalt, and fresh exterior paint. Parking includes (6) detached carports, (2) single-car attached garages, and (1) open space. Additional features include onsite laundry. Built in 1962, this 4,058 SF building sits on a 7,198 SF lot and is governed only by AB1482 rent caps - no local rent control. A compelling opportunity for investors seeking both stability and upside in a supply-constrained submarket.

Location

State CA

County Los Angeles

Area T2 - Cudahy, Southgate W Of 710, Huntpk S Of Flore

Zoning SGR3YY

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Carport, Detached Carport, Door-Single, Garage, One Space

Total Parking Spaces 9

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6208020012

Special Listing Condition Standard

CRMLS – RECore
Listed by Nicholas Petrosian Remax Commercial and Investment Realty
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“My job is to find and attract mastery-based advisors to the shop, protect the culture, and make sure everyone is happy! ”

+1(310) 773-2553

dan.malka@engelvoelkers.com

340 N Camden Dr Suite B, Hills, CA, 90210

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10024 Elizabeth AVE