8
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$1,250,000
$1,340,000 6.7%
Est. payment /mo
10 Beds
6 Baths
4,058 SqFt
Sold on 08/18/2025
10024 Elizabeth AVE South Gate, CA 90280
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Key Details
Sold Price $1,250,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 4,058 sqft
Price per Sqft $308
MLS Listing ID 25554707
Sold Date 08/18/25
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
Listed by Nicholas Petrosian Remax Commercial and Investment Realty
Bought with Juan Cardenas Remax Commercial and Investment Realty
Bought with Juan Cardenas Remax Commercial and Investment Realty