Description
Located in a strong rental pocket of south gate, 10024 elizabeth ave is a clean 6-unit apartment asset with immediate income growth potential. the property features a desirable mix of (4) 2-bed/1-bath and (2) 1-bed/1-bath units, all separately metered for gas and electricity. with current rents reflecting a 4.38% cap and projected market rents pushing to 7.61%, there's meaningful room to increase cash flow. recent improvements include a newer roof (approx. 2015), resurfaced asphalt, and fresh exterior paint. parking includes (6) detached carports, (2) single-car attached garages, and (1) open space. additional features include onsite laundry. built in 1962, this 4,058 sf building sits on a 7,198 sf lot and is governed only by ab1482 rent caps - no local rent control. a compelling opportunity for investors seeking both stability and upside in a supply-constrained submarket.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
50228880
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 10
Bathroom Information
- Total Baths: 6
- Full Baths: 0
- Half Baths: 0
Cooling Features
- None
- Air Conditioning
Heating Source
- Wall Furnace
- Has Heating
-
Exterior Features
Building Information
- Year Built: 1962
- Building Area Total: 4,058
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1652
- Lot Size Source: Assessor
- Lot Size Square Feet: 7198
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Listing Information
Listing Price Information
- Original List Price: 1,340,000
- Listing Contract Date: 2025-06-19
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 6208020012
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Carport,Detached Carport,Door-Single,Garage,One Space
- Attached Garage: Yes
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: T2 - Cudahy, SouthGate W of 710, HuntPk S of Flore
- Postal Code Plus 4: 5962
- Directions: South of Tweedy Blvd & East of Long Beach Blvd
- Zoning: SGR3YY
- Source Property Type: Residential Income
- Area: T2 - Cudahy, SouthGate W of 710, HuntPk S of Flore
Building and Construction
- Property Age: 63
- Year Built Source: Assessor
- Total Square Feet Living: 4058
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 07/28/2025 @ 03:04
- MLS: 25554707
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 10 bedrooms which is for sale, it has 4,058 sqft, 7,198 sized lot, and 0 parking. are nearby neighborhoods.