Property profile

12231 Garfield Ave South Gate, CA 90280

OFF-MARKET
Investment properties
Property ID
US09-6871812
2,454 SF 0.07 ac lot Built 1953
Individually Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 644-square-foot retail/office space is situated in a vibrant South Gate, CA location at 12231 Garfield Ave, at the northeast corner of Garfield Ave and Century Blvd, within the Hollydale subdivision. The property, built in 1953, offers a total of 2,454 square feet across one building on a 2,825-square-foot lot (APN 6243010037). The space is part of a multi-tenant building and benefits from high visibility due to its prominent corner location, allowing for effective front signage. This unit is directly adjacent to a long-standing tenant (over 15 years), Tere Q Beauty Salon, indicating a stable and desirable location. The area boasts a high volume of traffic and is surrounded by a diverse mix of businesses, including restaurants, banks, shops, a market, and a post office. The property's convenient location near the border of Paramount, CA, further enhances its accessibility and appeal. This is an excellent opportunity for businesses seeking high visibility and a strong customer base in a thriving commercial area. The available space is ideal for a variety of retail or office uses. The property's location offers easy access and excellent exposure for any business.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1953
Construction TILT-UP CONCRETE
Total area 2,454 SF
Lot 0.07 ac (2,836 SF)
Zoning code SGC3*
APN 6243-010-037
UPID US09-6871812

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cosmetic Store

Location

12231 Garfield Ave South Gate, CA 90280-8034
South Gate metro Census 536202 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$155k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$200k

Owner & transaction history

since 2021
Last sale
$220,000
7 recorded transactions
2021
Price N/A
2020
Price N/A
2010
Price N/A
2010
Price N/A
2001
Price N/A
2001
$220,000
1999
$127,000

Zoning & alternative use

SGC3* · South Gate, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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