Cudahy, SouthGate W of 710, HuntPk S of Flore (T2) Homes with Apartment Subtype

Cudahy, SouthGate W of 710, HuntPk S of Flore (T2) Homes with Apartment Subtype

Welcome to the vibrant neighborhoods of Cudahy and South Gate, nestled in the heart of Los Angeles County, California. This dynamic area, particularly west of the 710 freeway and south of Florence Avenue, is a hidden gem that offers a unique blend of urban convenience and suburban charm.

Cudahy is known for its rich cultural diversity, making it a warm and inviting community for families and individuals alike. With a variety of parks, local eateries, and shops, residents enjoy a lively atmosphere that fosters a strong sense of belonging. South Gate, adjacent to Cudahy, continues this trend with its family-friendly environment, excellent schools, and a wealth of recreational opportunities.

For those seeking a home with an apartment subtype, this region is particularly appealing. The housing options here cater to a wide range of lifestyles, whether you're looking for a cozy apartment or a spacious multi-family dwelling. Many homes in this area feature modern amenities and are conveniently located near public transportation, making commuting a breeze. The real estate market is diverse, with properties that offer both affordability and potential for growth, making it an ideal choice for first-time homebuyers and seasoned investors alike.

With its prime location, friendly neighborhoods, and a variety of housing options, Cudahy and South Gate present an exceptional opportunity for anyone looking to settle in the Los Angeles area. Discover the charm and community spirit that await you in this thriving locale!

Newest Cudahy, SouthGate W of 710, HuntPk S of Flore (T2) Homes with Apartment Subtype

$1,375,000
PW26174944 MLS Active Status
We are pleased to present 10621 San Carlos Ave, a six-unit multifamily investment opportunity located in the City of South Gate to market. The property consists of six (6) spacious two-bedroom / one-bathroom units averaging approximately 766 square feet each, situated within a 4,600-square-foot building on a 6,282-square-foot lot. Held and maintained by the same family for over 50 years, the asset represents a rare pride-of-ownership offering with minimal deferred maintenance. The property has benefited from meaningful recent capital investment including a new main electrical panel with six new individual subpanels for each unit (2026), water heater (2026), a reflective silicone roof (2021), and fresh exterior paint with fascia work throughout (2020). Unit D has been fully renovated with new flooring, kitchen, and bathroom achieving $2,050, highlighting the high tenant demand for 2 bedroom units in the area. The units are separately metered for gas and electric, and the property features fully secured and gated parking with six spaces at the rear with no tuck-under component. Priced at $229,167 per unit and $298 per square foot, 10621 San Carlos Ave is offered at a 5.48% current cap rate and an 11.07 current GRM. Current rents sit approximately 25% below market, offering a new investor upside through allowable rent increases and natural turnover. South Gate has not have any municipal rent control, and is governed solely by California's statewide Tenant Protection Act (AB 1482), which currently permits annual increases of up to 8.7%. Combined with recent capital improvements, a solid unit mix, and durable tenant demand throughout South East LA, 10621 San Carlos Ave offers an attractive combination of stabilized in-place cash flow and defined future upside.

10621 San Carlos, South Gate

Start Your Search

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.