9734 Alexander Ave, South Gate, CA 90280

9734 Alexander Ave, South Gate, CA 90280

South Gate, CA
$1,555,000

Property Description

Lyon Stahl Investment Real Estate as exclusive listing broker, is pleased to present an opportunity to acquire a 8-Unit building that is situated on a 9,958 square foot lot located in the city South Gate, CA. The subject property is located at 9734 Alexander Ave, South Gate, CA.

The subject property is composed of two (2) 2- bedroom/1-bathroom and six (6) 1-bedroom/1-bathroom units.

The two bedroom units are about 900 square feet. Each one bedroom unit is approximately 500 square feet. There are four double tuck under garages. Gas & electric are individually metered.

<strong>Investment Highlights:
</strong>• 4,752 SF Building Situated on a 9,958 SF Lot | Built in 1952<strong>
</strong>• Unit Mix – (2) 2-Bed/1-Bath, (6) 1-Bed/1-Bath<strong>
</strong>• SGR3YY Zoning

Property Features

  • Sale Price: $1,555,000
  • Area Size: 4,752 SF
  • Land Area: 9,958 SF
  • Year Built: 1952
  • Closing Date: 10/24/19
  • Units: 8
  • Current GRM: 15.77
  • Current Cap Rate: 3.86%
  • Price Per Unit: $187,500
  • Market GRM: 11.42
  • Market Cap Rate: 6.21%

Lyon Stahl Investment Real Estate

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