10024 Elizabeth Avenue, South Gate, CA 90280
Property
Sold August 2025
Listing Agent: Nicholas Petrosian (DRE #01462598) · Listing Office: Remax Commercial and Investment Realty · Contact: 213-817-1000 · Bought with: Juan Cardenas · Remax Commercial and Investment Realty · MLS #25554707 · Source: CRMLS
About this property
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.
Listing description from the August 2025 sale, as reported to CRMLS.
Sale history