2913 Illinois Ave - Apartments FOR SALE


South Gate, CA 90280
$895,000 USD
626-331-1234
2913 Illinois Ave, South Gate, CA for Sale
$895,000 USD
Apartments - FOR SALE
1/2
null | 4.64% Cap Rate

2913 Illinois Ave
South Gate, CA 90280


OVERVIEW

Discover 2913 Illinois Ave, a charming triplex nestled in a picturesque, tree-lined residential neighborhood of South Gate, CA. Built in 1948, this well-maintained property exudes character and offers an excellent investment opportunity with stable rental income and room for upside potential. The property features three spacious 1-bedroom, 1-bath units, each with its own private 1-car garage. Recent updates include a freshly painted Unit B with a brand-new wall air conditioner installed in 2024. Additional perks include three individual tankless water heaters, a fenced front yard, and extra storage space at the rear of the property. For investors looking to maximize value, the lot presents an incredible opportunity to build two ADUs (buyer to verify), further enhancing rental income potential. Don’t miss this chance to own a solid income-producing property in a desirable residential neighborhood!

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$565 USD /SF

# OF UNITS

3

PRICE/UNIT

$298,333

CAP RATE

4.64%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,350 SF

ZONING

SGR3YY

APN/PARCEL ID

6206-002-003

ASK ABOUT THIS PROPERTY

Jag SinghKW COMMERCIALMore Info
626-331-1234

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jag SinghKW COMMERCIALMore Info
626-331-1234

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.