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 and diverse region of Cudahy, South Gate West of 710, and Huntington Park South of Florence (T2) in California's bustling Los Angeles County. This area is a hidden gem for those seeking a blend of urban convenience and suburban charm.

Homes with the Apartment Subtype in this region offer a unique living experience, combining the comfort of a traditional home with the added benefit of additional space or rental income potential. Whether you're looking for a property with a separate unit for guests or rental opportunities, these homes provide versatility and functionality to suit your lifestyle needs.

Living in Cudahy, South Gate West of 710, and Huntington Park South of Florence (T2) means being surrounded by a rich tapestry of cultural influences, culinary delights, and recreational opportunities. Explore local parks, diverse dining options, and convenient access to major transportation routes for easy commuting.

With a strong sense of community and a range of housing options to choose from, this region is perfect for those looking to settle down in a dynamic and welcoming neighborhood. Discover the endless possibilities that Homes with the Apartment Subtype in this area have to offer and find your perfect place to call home in this thriving Southern California enclave.

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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