Pleased to present the Cypress Apartments; a 22+1 unit apartment building located at 8916-20 Cypress Ave, South Gate. The subject property has a very attractive unit mix comprised of nineteen 1 Bed/1 Bath units, three Single/1 Bath units, and one non-conforming 1 Bed/1 Bath unit. Historically, this investment opportunity has had very low turnover, offers great cash flow as it is being offered at an 8.5 GRM, and currents rents offer additional upside. As most experienced investors know, South Gate is known for its strong rental market and high rent. Each unit is separately metered for gas and electricity. As an added benefit, tenants enjoy the building's ample parking supplied by twenty-two (22) garages and additional on-site parking. Contact listing agents for a full marketing package. TENANTS ARE NOT AWARE OF THE SALE. PLEASE DO NOT WALK ON THE PROPERTY. DRIVE BY ONLY.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
