8139 Cypress Ave, South Gate, CA 90280

8139 Cypress Ave, South Gate, CA 90280

South Gate, CA
$1,530,000

Property Description

Lyon Stahl Investment Real Estate as an exclusive listing broker, is pleased to present an opportunity to acquire an 8-Unit building that is situated on a 9,005 square foot lot located in the city South Gate, CA. The subject property is located at 8139 Cypress Ave, South Gate, CA.

The subject property is composed one (1) 2-bedroom/1-bathroom and seven (7) 1-bedroom/1-bathroom units. The two bedroom unit is about 900 square feet. Each one bedroom unit is approximately 620 square feet.

There are eight tuck-under parking spaces. Gas & electric are individually metered.

<strong>Investment Highlights:
</strong>• 5,220 SF Building Situated on a 9,005 SF Lot |Built in 1959<strong>
</strong>• Unit Mix – (1) 2-Bed/1-Bath, (7) 1-Bed/1-Bath<strong>
</strong>• SGR3YY Zoning

Property Features

  • Sale Price: $1,530,000
  • Area Size: 5,220 SF
  • Land Area: 9,005 SF
  • Year Built: 1959
  • Closing Date: 10/24/19
  • Units: 8
  • Current GRM: 15
  • Current Cap Rate: 3.82%
  • Price Per Unit: $184.375
  • Market GRM: 11.62
  • Market Cap Rate: 6.01%

Lyon Stahl Investment Real Estate

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