Don't miss this great investment opportunity located on a corner location in the city of South Gate. The building consists of two 2 bedroom, 1 bath units and two 1 bedroom, 1 bath units. The building has an unused room that previously was used as a laundry room. This can be converted back fairly easily to increase revenue. The parking is open on the side and in the back of the building with plenty of room for at least 6 cars. The current rents are under market due to the Covid restrictions but are being increased to try to get them to market rate. A little work and updating can make this into great investment.
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The average household income in
South Gate, CA
grew
from
$45,522
to
$47,281
in the past year. This data is an estimate based upon
23,557
households in
South Gate, CA. The chart below presents how household income is distributed in
South Gate, CA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
South Gate, CA
compared to median property taxes around the country. The prevalent amount of property taxes in
South Gate, CA
equals
$3k+
, which is
more
than the national average.