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9616 San Juan AVE South Gate, CA 90280
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Key Details
Sold Price $1,045,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24034760
Sold Date 09/16/24
HOA Y/N No
Year Built 1962
Lot Size 7,244 Sqft
Property Description
We are pleased to exclusively offer for sale this 4-Unit multi-family investment property in the city of South Gate.
The subject property offers one charming 2-bed/1-bath detached cottage, complemented by three additional 2-bed/1-bath units, collectively offering 3,096 square feet of rental space on a generous 7,243 square foot lot. Each unit is thoughtfully designed to maximize space and comfort, ensuring a pleasant living environment for tenants. The property boasts ample onsite parking, including both garage and carport options, addressing a crucial need for urban living, and adding considerable value for tenants. Each unit is separately metered for electricity and gas while the owner pays for water and trash. This arrangement not only limits the investor’s utility costs, but also encourages conservation among tenants, enhancing the property's appeal. An additional highlight is the onsite laundry room, and although currently closed, presents a lucrative opportunity for added income for the next investor. The property stands out with a remarkable 40% upside in rental rates, signaling great potential for growth in rental income.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning SGR3YY
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 3.0
Carport Spaces 1
Garage Description 3.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6203014014
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Seller Financing
Special Listing Condition Standard
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Bought with Kristopher German • RE/MAX 2000 REALTY
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