10024 Elizabeth Ave, South Gate, CA 90280 - Photo 1

1/1

$1,250,000

Sold
Closed
Multi-Family
10 Total Beds

1/1

Property 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.

Full Property Details

Full Property Details for 10024 Elizabeth Ave

General

Sold For: $1,250,000
Status: Closed
Type: Multi-Family
Source: CLAW
MLS ID: 25554707
Added to Site: 210 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 6

Bedrooms

Total Bedrooms: 10

Additional Information

Other Features: None

Parking

Garage Description: Carport, Carport Detached, Garage - 1 Car, Garage Is Attached, Parking Space

Location

Area: Cudahy, South Gate W of 710, Hunt Pk S of Florence
County: Los Angeles
Driving Directions: South of Tweedy Blvd & East of Long Beach Blvd

Heating & Cooling

Cooling Type: None
Heating Type: Wall

Structural Information

# Buildings: 1
Stories/Levels: 2
Square Feet: 4,058
Sq. Ft. Source: Assessor
Year Built: 1962
Year Built Source: Assessor

Unit Information

Units in Complex: 6
Unit Type: 2106, 2107

Unit 1

Total Bathrooms: 1
Bedrooms: 1

Unit 2

Total Bathrooms: 1
Bedrooms: 2

Additional Structures

Other Structures: None

Lot Features

Lot Size (Acres): 0.1652
Lot Size: 7198
Lot Size Source: Assessor
Zoning: SGR3YY

Financial Considerations

Price Per Sq. Ft.: $330.21
Assessment Year: 1962

Disclosures and Reports

Disclosures/Reports: None
APN: 6208-020-012

Listed by Remax Commercial and Investment Realty, Nicholas Petrosian
Sold by Remax Commercial and Investment Realty, Juan Cardenas

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Listing agent

— 10024 Elizabeth Ave —

Nicholas Petrosian

Remax Commercial and Investment Realty

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Schools

Schools serving 10024 Elizabeth Ave

School District:Los Angeles Unified School District

Name	Grades	Distance
Madison Elementary School, South Gate, CA 9820 Madison Avenue, South Gate, CA 90280	K-5	0.3 mi
South Gate Middle School 4100 Firestone Boulevard, South Gate, CA 90280	6-8	0.9 mi
Southeast Middle School 2560 Tweedy Boulevard, South Gate, CA 90280	7-8	0.9 mi
International Studies Learning Center At Legacy High School Complex 5225 Tweedy Boulevard, South Gate, CA 90280	7-8	1.8 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 10024 Elizabeth Ave

Date

Details

Price

Change

Source

8/18/2025

Sold

$1,250,000

-6.72%

MLS

6/19/2025

Listed

$1,340,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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10024 Elizabeth Ave, South Gate, CA 90280 (MLS# 25554707) is a Multi-Family property that was sold at $1,250,000 on August 18, 2025. Want to learn more about 10024 Elizabeth Ave? Do you have questions about finding other Multi-Family real estate for sale in South Gate? You can browse all South Gate real estate or contact a Coldwell Banker agent to request more information.

10024 Elizabeth Ave South Gate, CA 90280