Mixed-Use Investment Opportunity - 2 Retail Stores + 6 Apartment Units | 10.30% Pro-Forma Cap Rate & 6.74 Pro-Forma GRM | 5.87% Current Cap Rate & 9.85 Current GRM | 6,088-SF of Rentable SF* on a Large 11,016-SF Lot | Value-Add Investment - Opportunity for Investor to Lease Retails Spaces to New Tenants at Market Rate | Most Units Contain Individual Hot Water Heaters & Washer/Dryer Hook-Ups | Apartment Units Comprised of (Two) 3-Bedroom/1-Bathroom Units, (Three) 2-Bedroom/1-Bathroom Units & (One) 1-Bedroom/1-Bathroom Units | No Local Rent Control - Defaults to AB 1482 | Retail Stores Consists of 1,338 SF | Located on a Major Thoroughfare of South Gate | Great Frontage for Retail Stores on Paramount Boulevard | High Visibility & Heavily Trafficked - Over 33,840 Vehicles Per Day
6,088 Sq Ft
0.2529 Private Acres Exterior Space
Investment
$16,188 Annual Tax
Built in 1959
MLS/Listing ID 23-293805
8 Units
Parking - Uncovered
Parking - Driveway
Listing Courtesy of SHIELD CRE, INC., JONATHAN NIKFARJAM - 310-593-9868
Source of Data: THE MLS