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10621 San Carlos

South Gate, CA 90280

$1,375,000 $5,797/Mo

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Overview

Bed

Bath

6,284

Sqft(Lot)

Description

We are pleased to present 10621 San Carlos Ave, a six-unit multifamily investment opportunity located in the City of South Gate to market. The property consists of six (6) spacious two-bedroom / one-bathroom units averaging approximately 766 square feet each, situated within a 4,600-square-foot building on a 6,282-square-foot lot. Held and maintained by the same family for over 50 years, the asset represents a rare pride-of-ownership offering with minimal deferred maintenance. The property has benefited from meaningful recent capital investment including a new main electrical panel with six new individual subpanels for each unit (2026), water heater (2026), a reflective silicone roof (2021), and fresh exterior paint with fascia work throughout (2020). Unit D has been fully renovated with new flooring, kitchen, and bathroom achieving $2,050, highlighting the high tenant demand for 2 bedroom units in the area. The units are separately metered for gas and electric, and the property features fully secured and gated parking with six spaces at the rear with no tuck-under component. Priced at $229,167 per unit and $298 per square foot, 10621 San Carlos Ave is offered at a 5.48% current cap rate and an 11.07 current GRM. Current rents sit approximately 25% below market, offering a new investor upside through allowable rent increases and natural turnover. South Gate has not have any municipal rent control, and is governed solely by California's statewide Tenant Protection Act (AB 1482), which currently permits annual increases of up to 8.7%. Combined with recent capital improvements, a solid unit mix, and durable tenant demand throughout South East LA, 10621 San Carlos Ave offers an attractive combination of stabilized in-place cash flow and defined future upside.

Property Details

Property Type : ResidentialIncome

Price : $1,375,000

AD Id : 89392545

MLS Id : PW26174944

Beds : 12

Lot Size : 6,284 Sqft

Year Built : 1961

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Building Information

Year Built: 1961

Building Area Total: 4600

Pool Features: None

Private Pool: No

Lot Information

Main Square Feet: 6284 Lot Size Acres: 0.1443 Lot Size Source: Assessor Lot Size Square Feet: 6,284 Lot Description: RectangularLot

Listing Price Information

Listing Price: $1375000

Conventional

Tax Information

Parcel Number: 6223004038 Tax Lot: 2563

Location Information

Direction: East of California off of Abbott WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
8939 Elizabeth Avenue, South Gate, CA, 90280	$1,150,000	6	1	--

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ByOwner last updated this listing 08/20/2026 @ 19:14

MLS: PW26174944 LISTED BY: Jackson Jorgensen, Younglewin Advisors, Inc. 562-318-0215 SOURCE: CRMLS