$2,395,000
Located in the heart of South Gate, 9711 Salt Lake Avenue presents an attractive investment opportunity featuring a well-maintained 10-unit apartment community situated on a 15,071 square foot lot. The property consists of three separate single-story residential structures, creating a comfortable, low-density layout that appeals to tenants seeking privacy and ease of access.Comprised entirely of one-bedroom/one-bath units, each apartment is separately metered for gas and electricity, enhancing the property's overall cash flow potential. The property also offers assigned onsite parking for each unit, a valuable amenity in this high-demand rental market.The property benefits from its central location within South Gate, providing convenient access to nearby retail centers, dining, and recreational amenities. Residents enjoy proximity to shopping destinations such as Azalea Regional Shopping Center, which features national retailers, grocery stores, restaurants, and entertainment options. Outdoor recreation and community events are easily accessible at South Gate Park, one of the largest parks in the area, offering sports fields, walking paths, and family-friendly amenities. Additionally, cultural dining, shopping, and entertainment can be found nearby at Plaza Mexico.
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Listed by Enrique Viramontes with Remax Commercial and Investment Realty (213) 817-1000
Property Type
Residential Income
Status
Active
MLS Number
26663731
Year Built
1950
Lot Size
0.35 acres