Cash Cow!! Well kept 4-unit building with brand new 2-bedroom ADU at the rear of the property with stacked laundry closet and split-system heating and cooling. Front building units were remodeled at one time. Great investment property situated close to schools, shops & public transportation.
We are pleased to present 10621 San Carlos Ave, a six-unit multifamily investment opportunity located in the City of South Gate to market. The property consists of six (6) spacious two-bedroom / one-bathroom units averaging approximately 766 square feet each, situated within a 4,600-square-foot building on a 6,282-square-foot lot. Held and maintained by the same family for over 50 years, the asset represents a rare pride-of-ownership offering with minimal deferred maintenance. The property has benefited from meaningful recent capital investment including a new main electrical panel with six new individual subpanels for each unit (2026), water heater (2026), a reflective silicone roof (2021), and fresh exterior paint with fascia work throughout (2020). Unit D has been fully renovated with new flooring, kitchen, and bathroom achieving $2,050, highlighting the high tenant demand for 2 bedroom units in the area. The units are separately metered for gas and electric, and the property features fully secured and gated parking with six spaces at the rear with no tuck-under component. Priced at $229,167 per unit and $298 per square foot, 10621 San Carlos Ave is offered at a 5.48% current cap rate and an 11.07 current GRM. Current rents sit approximately 25% below market, offering a new investor upside through allowable rent increases and natural turnover. South Gate has not have any municipal rent control, and is governed solely by California's statewide Tenant Protection Act (AB 1482), which currently permits annual increases of up to 8.7%. Combined with recent capital improvements, a solid unit mix, and durable tenant demand throughout South East LA, 10621 San Carlos Ave offers an attractive combination of stabilized in-place cash flow and defined future upside.
Excellent opportunity to own a beautifully updated duplex featuring two spacious 2-bedroom, 1-bathroom units. Both units have been recently remodeled with fresh interior and exterior paint, new flooring throughout, and stylishly updated kitchens and bathrooms, offering modern finishes and move-in-ready appeal. Each unit has its own private entrance, providing added privacy and convenience for occupants. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this turnkey property offers exceptional versatility. Conveniently located near shopping, dining, schools, and major freeways, this duplex is a fantastic opportunity you won't want to miss!
The property boasts a nice unit mix of a 2 bed/1 bath house in the front, plus two 1 bed/1 bath units in the rear. Each unit has a garage.
Duplex in City of South Gate. Two 2-bedroom units with garages at rear of property.
Two buildings, one APN #. Excellent unit mix. 8 units total, 6 2bd/1ba, 1 3bd/1ba and 1 1bd/1ba. Carport parking and 1 car garage. Excellent location, always rented. Rent has lots of upside.
This rare 7-unit apartment investment opportunity in South Gate offers investors a well-maintained income property with strong upside potential in one of Southern California’s consistently high-demand rental markets. Built in 1951, the property features approximately 5,466 square feet of rentable space situated on a spacious 19,229 square foot lot. Strategically positioned in a dense rental corridor with historically low vacancy rates, the property provides stable in-place income with the opportunity to increase rents over time and enhance long-term value. The attractive layout features all single-story detached units, creating a desirable living environment for tenants while minimizing shared walls and maximizing privacy. The versatile unit mix consists of: • Two (2) 1-Bedroom / 1-Bath detached units, each with an attached garage • Five (5) 2-Bedroom / 1-Bath detached units Additional improvements include two rear garage structures offering a total of (6) garages, along with open onsite parking for tenants. Tenants pay their own gas and electricity, helping reduce owner operating expenses. The property spans two separate lots, with one parcel containing four units and the second parcel containing three units and additional parking areas. A long private driveway enhances tenant privacy and provides convenient access throughout the property. With no local city rent control, strong tenant demand, and significant long-term upside potential, this is an exceptional opportunity for investors seeking dependable cash flow and future appreciation in a highly sought-after rental market.
This is a rare opportunity to secure a valuable multifamily asset in the heart of South Gate with excellent long-term investment potential. This income-producing property offers strong rental potential, a generously sized lot, and a spacious layout with functional floor plans that appeal to a wide range of residents. The property presents an excellent opportunity for both seasoned investors and owner-users seeking stable cash flow with upside potential. Whether added to an existing portfolio or acquired as a first multifamily investment, this 10-unit complex represents a rare chance to own a solid multifamily property in a prime infill location.
Fabulous 6 unit building with a great unit mix. 1 3bd/1 1/4 bath townhome style apt, 1 2 bd/1 bath townhome style apt, 2 2bd/2 ba apt and 2 1 bd/1 ba units. Carport parking. Rarely vacancies. Laundry onsite, equipment not leased. Excellent location. Walking distance to school, parks and shopping. Not to often will you find a gem like this. Rent is below market.
*PRICE ADJUSTMENT* Charming and private duplex in the heart of South Gate, perfect for everyone. This property offers two cozy units with BOTH units being vacant. Recently been painted, giving a ready to move in feel. A new roof was recently added as well last year in the summer. The property features four separate parking spaces — a bonus. Conveniently located near schools, shopping centers, and with access to the 710 and 105 freeways, approximately 20 minutes from Downtown Los Angeles. Schedule your appointment today!
Charming 3-unit investment opportunity in South Gate — sold in AS-IS condition with tenants in place. Ideal for investors or owner-occupants seeking steady income and upside potential.Property highlights: Unit 1: 3 bed / 2 bath Unit 2: 2 bed / 1 bath Unit 3: 2 bed / 1 bath (very spacious units throughout) All units tenant-occupied — please respect tenant privacy; showings by appointment only. Sold AS-IS; no seller repairs or credits. Strong rental demand area; potential for increased cash flow with updates and turnover. Great location, close to Shopping centers, Parks, Schools, churches, etc... No Gas service at all, everything is Electrical and each tenant pays for their own utilities exept for water service. Washer and Laundry room exist but not functional.
We are pleased to present a rare opportunity to acquire a well-maintained 6-unit multifamily property located in the City of South Gate. The property consists of a two-story building with three units on each level, offering a total of approximately 3,960 sq. ft. of living space on a 7,240 sq. ft. lot. The unit mix includes four (4) one-bedroom, one-bath units and two (2) two-bedroom, one-bath units. Each unit is separately metered and includes one assigned carport parking space. Additionally, the property features an on-site laundry room, providing an extra source of passive income. This building has been thoughtfully upgraded to meet insurance inspection requirements, making it a strong, low-maintenance investment. Major capital improvements include a roof approximately 5 years old, new plumbing throughout the building completed approximately 2 years ago, and interior upgrades in select units, including newly tiled walls and flooring. All six units are equipped with individual fuse boxes, and the main electrical panel was upgraded, along with five new subpanels installed within the last year. The property offers a strong value-add opportunity through rent optimization and continued operational efficiencies. Current rents reflect an approximate 4.06% cap rate, providing immediate, stable cash flow. With strategic rent adjustments to align with market rents, the property demonstrates the potential to achieve an estimated 8% cap rate, significantly enhancing long-term returns. Given the building’s recent capital improvements the asset is well positioned for rent growth with minimal additional capital expenditure. The favorable unit mix of one- and two-bedroom units supports strong tenant demand in the South Gate rental market. Conveniently located near Firestone Blvd and Tweedy Blvd, the property offers excellent access to local amenities. The Azalea Regional Shopping Center is just a 7-minute drive, Northgate González Market is approximately 2 minutes away, and South Gate Park is within a 10-minute drive. The 710 and 105 freeways are nearby, providing easy commuter access throughout Los Angeles County. Drive-by only. Please do not disturb tenants. PC: Quinn Media
South Gate is located in California. South Gate, California has a population of 93,308. South Gate is more family-centric than the surrounding county with 32.63% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in South Gate, California is $59,647. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in South Gate is 33.3 years.
The average high temperature in July is 77.8 degrees, with an average low temperature in January of 48.5 degrees. The average rainfall is approximately 13.7 inches per year, with 0 inches of snow per year.
