PRICE: $750,000

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MIXED-USE ASSET​

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Mixed-use investment opportunity consisting of 3 retails stores and a single family

residence. The three retail stores are situated on Paramount Boulevard which is a major thoroughfare of South Gate. The single-family house is 3-bedroom/2-bathroom with spacious front yard and a two-car garage. One of the retail spaces will be delivered vacant which provides immediate value-add potential. The property features a total of 3,334 SF and is situated on a 6,914 SF corner lot.

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8011 Golden Avenue is being offered at a 7.03% cap rate and 10.78 GRM. The asset also presents rental upside with a pro-forma cap rate of 10.35% and a pro-forma GRM of 7.44. Further supporting an outstanding intrinsic value with immediate upside potential, the property is being offered at under $225 per SF.

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The property is located on a major thoroughfare of South Gate with the retail stores having great frontage on Paramount Boulevard. The house is located behind the retail stores on Golden Avenue which is a quiet residential street. Located in the heart of the Los Angeles Metropolitan Area, the City of South Gate is a busy, urban community consisting of residential, commercial, and industrial development spread over 7.4 square miles. It currently ranks as the 73rd largest city in California and 17th largest in Los Angeles County with a population of approximately 100,000 residents. South Gate is known for its outstanding city services, remarkable parks and recreation facilities and family-friendly environment.