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2844 Ardmore Ave
For Sale $2,050,000 ($296.46 per Sq Ft)
$2,050,000 ($296.46 per Sq Ft)
- 10 Units
- 6,915 Sq Ft
- 9,872 Sq Ft
- Unknown Cap Rate
Description
We are proud to present this well-maintained multifamily investment opportunity located in the desirable City of South Gate, California. This asset offers investors a rare combination of stable in-place cash flow, favorable rent regulations, and significant upside potential in a high-demand rental market. The property is not subject to local rent control and instead operates under AB 1482 guidelines, allowing for measured rent growth and long-term income optimization.The property features an attractive unit mix of six (2-bedroom/1-bath) units and four (1-bedroom/1-bath) units, a configuration that appeals to a wide range of tenants including families, working professionals, and long-term renters. Onsite parking enhances tenant convenience and supports consistently strong occupancy levels. Additionally, the existing carport provides an excellent opportunity for future ADU development, offering investors a value-add component to further increase revenue and overall asset value.Located in Southeast Los Angeles County, South Gate is a thriving community known for its strong rental demand and central location. Residents enjoy close proximity to major retail centers, dining, parks, and employment hubs, including the popular South Gate Towne Center. The property also benefits from exceptional freeway access via the 710 and 105 Freeways, providing convenient commutes to Downtown Los Angeles, Long Beach, and surrounding employment corridors. This offering represents an outstanding opportunity to acquire a strategically positioned multifamily asset with long-term growth potential in a resilient Southern California market.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,050,000 |
| Property Type | Multi-Family |
| Usable Sqft | 6,915 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1964 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 6204017025 |
| MLS # | 26639009 |
| Property ID | 322514311 |
| Lot Sqft | 9,872 |
| Zoning | SGR3YY |
| Total Units | 10 |
| Days on Market | 54 |
| Original List Price | $2,050,000 |
| Date Updated | February 27, 2026 |
| Date Created | January 15, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $1,624 | $7,180 |
| Unit #2 | 2 | 1.00 | $1,425 | $13,770 |
| Gross Income (Yr) | $ 178,735 |
| Operating Expenses | $ 72,350 |
| Net Income (Yr) | $ 106,385 |
| Cap Rate | 5.19% |
Listing Provided By
Enrique Viramontes an agent of . Lic #01372010
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Robert Crawford
REAL ESTATE AGENT