PRICE: $2,700,000

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Joseph Dahan, Elijah Suval and Daniel Hirth of the Hirth Group have been exclusively selected to market for sale 5810-5820 Imperial Highway, South Gate, CA 90280, a multi-tenant retail shopping center with approximately 8,970 SF of building on an estimated 18,774 SF lot. The subject property is comprised of six (6) retail storefronts occupied by Auggie’s Bar, The Barber Code, Family Dentistry, Carol’s Pet Center, Modern Ink Tattoo, and GG Lashes. The subject property also contains 23 marked parking spaces in the front of the building.  With the majority of tenants being on short term leases, a new investor is able to garner upside from stabilizing the asset and raising the rents. 

 

5810-5820 Imperial Highway is uniquely situated in the southeast portion of South Gate. Strategically located in between South Gate and Downey, the subject property allows for easy access to neighboring cities such as Lynwood, Paramount, Bell Gardens, Norwalk, and Compton. South Gate’s immense population consists of 1,000,000 people within a 5-mile radius therefore boasting extremely high traffic counts on some of its main thoroughfares, creating a perfect dynamic for the retail property type.  The average household income in South Gate is ±$89,786 and the average home value is $476,192. The subject property is also in proximity to the I-710 and the I-105 freeways, making it extremely convenient for consumers and tenants. 

 

South Gate is renown for its outstanding city services, remarkable parks and recreation facilities, and family friendly environment. With the increase of population over the last several years, the City of South Gate has plans on upgrading pedestrian streetlights, repair sidewalks, improving and adding landscaping, and enhancing more cross walks. Some notable tenants that reside near the subject property include Carl’s Jr, WaBa Grill, Jack in the Box, Burger King, Starbucks, Walgreens, and 99 Cents Only Stores just to name a few.