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    2844 Ardmore Ave South Gate, CA 90280

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    For Sale
    $2,150,000

    Ten-unit multifamily property in South Gate with repositioning potential.

    Lot size:
    0.23 Acres

    Property Features for 2844 Ardmore Ave

    General Information

    Lot size
    0.23 Acres

    Building Details

    Year built
    1964

    Source: VIP RE Firm Agent Concepcion Santoyo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Gate Multifamily Investment Opportunity

    This ten-unit multifamily property is located in South Gate, California, presenting a repositioning opportunity. The property is situated in a solid rental area. Current rents are below market value, indicating potential for rent increases. Updates and repositioning may lead to higher income and long-term appreciation. The area experiences strong rental demand. This property may be suitable for investors seeking cash flow growth through renovations or improved management, or for those interested in a buy-and-hold strategy.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Gate
    County
    Los Angeles
    State
    California
    Longitude
    -118.2206026
    Latitude
    33.9584991

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    FAQs

    What type of property is this?
    Apartment building - Ten-unit multifamily property in South Gate with repositioning potential.
    Where is this apartment building located?
    The property is located at 2844 Ardmore Ave South Gate, CA.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: - Significant potential for rent increases due to below-market current rents.; - Strong rental demand in the Southgate area.; - Reposition opportunity through updates and renovations.
    (323) 574-2947
    Request Owner's contact information
    2844 Ardmore Ave South Gate, CA 90280
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    South Gate, CA 90280
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2844 Ardmore Ave South Gate, CA 90280
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