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 community of South Gate, California, where the charm of suburban living meets the vibrancy of urban convenience. Nestled within Los Angeles County, South Gate boasts a rich tapestry of culture, diverse neighborhoods, and a welcoming atmosphere that makes it a desirable place to call home. In particular, the area west of the 710 Freeway and south of Florence Avenue, often referred to as Hunt Park, is a hidden gem that offers a unique blend of residential comfort and accessibility.

This region is characterized by its picturesque streets lined with well-maintained homes and a variety of apartment complexes that cater to different lifestyles. Whether you’re looking for a cozy apartment or a spacious home, South Gate has something to suit everyone's needs. The apartment subtypes in this area offer modern amenities, open floor plans, and the convenience of urban living, making them ideal for young professionals, families, or anyone seeking a vibrant community atmosphere.

Residents enjoy easy access to a plethora of local parks, shopping centers, and dining options that reflect the area’s diverse heritage. The nearby Hunt Park is a local favorite, providing ample green space for outdoor activities, picnics, and community events. With excellent public transportation options and proximity to major freeways, commuting to downtown Los Angeles and beyond is a breeze.

Discover the warmth and charm of South Gate, where community spirit thrives and every day feels like home. Explore the apartment options available in this delightful neighborhood and find your perfect sanctuary in the heart of Los Angeles County!

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

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