14901 Gagely Dr, La Mirada, CA 90638

5.4% Current CAP! The Parkside Apartments is nestled at the end of a tranquil cul-de-sac. This property also enjoys a prime location near the bustling retail intersection of Imperial Highway and La Habra Boulevard, making it a prime choice for residents seeking convenience and accessibility. In addition to its coveted location, The Parkside Apartments are strategically positioned to take full advantage of the high-demand rental market in La Mirada. This city boasts a scarcity of multifamily rental options including the scarcity of 1-bedroom units in the area, which underscores the limited opportunities for those seeking such accommodations. Additionally, the multifamily market’s supply constraints have created a unique situation for investors, with few properties available for acquisition in this city. The Parkside Apartments feature an appealing unit mix, consisting of eight 1-bedroom units and one 3-bedroom, 1.75-bath townhome unit. Currently, these units are rented at below-market rates in their existing condition. This presents an exceptional opportunity for a new owner to realize substantial rental income increases without the need for costly physical upgrades. In summary, The Parkside Apartments offer not only an outstanding location but also the potential for significant financial growth in a rental market with limited options, making it a lucrative investment opportunity for the discerning investor.