South Gate, CA 90280,8011 Golden AVE
South Gate, CA 90280,8011 Golden AVE
South Gate, CA 90280,8011 Golden AVE
South Gate, CA 90280,8011 Golden AVE
South Gate, CA 90280,8011 Golden AVE
South Gate, CA 90280,8011 Golden AVE
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$800,000

$750,000

6.7%
Est.Price: ?

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Est. payment /mo

6,912 Sqft Lot


SOLD DATE : 09/05/2023

Key Details

Sold Price $800,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 23293769

Sold Date 09/05/23

HOA Y/N No

Year Built 1940

Lot Size 6,912 Sqft

Property Description

Mixed-use investment opportunity consisting of 3 retails stores and a single family residence. The three retail stores are situated on Paramount Boulevard which is a major thoroughfare of South Gate. The single-family house is 3-bedroom/2-bathroom with spacious front yard and a two-car garage. One of the retail spaces will be delivered vacant which provides immediate value-add potential. The property features a total of 3,334 SF and is situated on a 6,914 SF corner lot.8011 Golden Avenue is being offered at a 7.03% cap rate and 10.78 GRM. The asset also presents rental upside with a pro-forma cap rate of 10.35% and a pro-forma GRM of 7.44. Further supporting an outstanding intrinsic value with immediate upside potential, the property is being offered at under $225 per SF.The property is located on a major thoroughfare of South Gate with the retail stores having great frontage on Paramount Boulevard. The house is located behind the retail stores on Golden Avenue which is a quiet residential street. Located in the heart of the Los Angeles Metropolitan Area, the City of South Gate is a busy, urban community consisting of residential, commercial, and industrial development spread over 7.4 square miles. It currently ranks as the 73rd largest city in California and 17th largest in Los Angeles County with a population of approximately 100,000 residents. South Gate is known for its outstanding city services, remarkable parks and recreation facilities and family-friendly environment.

Location

State CA

County Los Angeles

Area T4 - South Gate E Of 710

Zoning SGC3*

Interior

Fireplace No

Laundry See Remarks

Exterior

Roof Type Other

Building

Lot Description Corner Lot, Lawn, Landscaped

Others

Tax ID 6264006009

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Daniel Hirth • KW Advisors
Bought with Daniel Hirth • KW Advisors
agent-avatar

+1(559) 593-3088

miguelsanchez@tsret.com

7475 N Palm Ave STE 105, Fresno, CA, 93711

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