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Image 1 - Long Beach Boulevard, South Gate, CA 90262, USA - Townhouse for sale

Image 2 - Long Beach Boulevard, South Gate, CA 90262, USA - Townhouse for sale

Image 3 - Long Beach Boulevard, South Gate, CA 90262, USA - Townhouse for sale

Image 4 - Long Beach Boulevard, South Gate, CA 90262, USA - Townhouse for sale

Image 5 - Long Beach Boulevard, South Gate, CA 90262, USA - Townhouse for sale

Image 6 - Long Beach Boulevard, South Gate, CA 90262, USA - Townhouse for sale

Image 7 - Long Beach Boulevard, South Gate, CA 90262, USA - Townhouse for sale

Image 8 - Long Beach Boulevard, South Gate, CA 90262, USA - Townhouse for sale

Residential Income, Traditional

Long Beach Boulevard, South Gate, CA 90262, USA

Residential Income, Traditional

townhouse for sale

41 views

Listed: 02/13/23

Long Beach Boulevard, South Gate, CA 90262, USA

Studio Bed:

1 Bath:

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Price

$ 868,000

Show 6 more

About This Townhouse

Mixed use property in Southgate featuring a bar and retail down stairs and two residential apartments upstairs. Bar (1180sf) and one apartment unit (840sf) currently vacant and may be rented for market rents. Occupied units are on month to month leases and are paying below market rents. Great upside potential for new owner. Property has been in the same family for many years and is now a great opportunity for new management. Retail store (1010sf) rented for $900/mo. Residential unit (805sf) is rented for a total of$1, 000for month. Bar was previously rented for $2000/month and is now vacant. All leases are month to month and verbal agreements. Seller may opt for 1031 exchange. Buyer to cooperate with seller 1031 exchange if necessary. Parking is accessed through a shared driveway. Great opportunity on a street that is marked for development.

Property Includes

Parking
Air Conditioning
Heating Radiant
Architecture New Traditional

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South Gate Housing & Living

Household Income

Median household income: $47,281

Number of households: 23,557

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.