For Sale
$1,450,000

4433 Firestone BlvdSouth Gate, CA 90280

High-yield, multi-tenant property in South Gate, CA.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use investment opportunity presents a 6,297 square foot property located at 4433 Firestone Blvd, South Gate, CA 90280. The property, built in 1942, is a single-story building currently operating at 100% occupancy with four tenants. The current Net Operating Income (NOI) is $84,665, yielding a 5.84% capitalization rate. A pro-forma NOI of $117,653 projects an 8.11% capitalization rate, indicating significant value-add potential. The property is zoned SGM2YY and offers a diverse tenant mix including retail, auto body repair (including a spray booth, frame machine, and air compressor available for an additional $25,000), smog check, and axle repair services. The asking price is $1,450,000, translating to $230.27 per square foot. This is a 100% ownership opportunity, suitable for a 1031 exchange. The property features a strong location in desirable South Gate, Los Angeles County. The Los Angeles County Assessor's Parcel Number (APN) is 6216-006-010. This is a value-add investment with significant upside potential for the savvy investor.

Highlights

  • 6,297 SF mixed-use building at 4433 Firestone Blvd, South Gate, CA 90280.
  • 100% occupied, four tenants, generating $84,665 NOI (5.84% cap rate).
  • Pro-forma NOI of $117,653 projects an 8.11% cap rate.
  • SGM2YY zoning; tenant mix includes retail, auto repair (equipment available for $25,000), smog check, and axle repair.
  • Asking price: $1,450,000 ($230.27/SF); 1031 exchange eligible.
  • Los Angeles County APN: 6216-006-010.

Property Details for 4433 Firestone Blvd

Property type
Mixed-use properties
Square Feet
6,297 SF
Class
C
Year Built
1942
Buildings
1
Stories
1

Location Insight

City
South Gate
County
Los Angeles
State
California
Latitude
33.953014495102
Longitude
-118.19167428284
4433 Firestone Blvd, South Gate, California

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4433 Firestone Blvd
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