PRICE: $650,000

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TWO SINGLE FAMILY RESIDENCES​

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Two stand-alone houses on a 6,240-SF lot in South Gate. No local rent control – defaults to AB 1482. This duplex apartment features (two) 2-bedroom/1-bathroom units. Each unit has a private front yard. There are a total of 2 garages and driveway parking for the tenants.

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This 1,585-SF asset presents tremendous upside with rents that are +/-64% below market. Priced at a pro-forma cap rate of 6.45% and pro-forma GRM of 11.05, the asset provides spectacular upside potential in an incredibly strong location. The property is a residential asset which qualifies for residential financing.

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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.